PSQ vs. CRM

Last updated Aug 1, 2026

PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%), while CRM (Salesforce, Inc.) is a stock. Over the past 10 years, PSQ returned -18.20%/yr vs 8.81%/yr for CRM. Their -0.62 correlation means they have often moved in opposite directions in the past.

Performance

PSQ vs. CRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short QQQ (PSQ) and Salesforce, Inc. (CRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSQ achieves a -9.94% return, which is significantly higher than CRM's -30.18% return. Over the past 10 years, PSQ has underperformed CRM with an annualized return of -18.20%, while CRM has yielded a comparatively higher 8.81% annualized return.

PSQ

• 1D: -0.59%
• 1M: 5.59%
• 6M: -9.19%
• YTD: -9.94%
• 1Y: -15.69%
• 3Y*: -15.05%
• 5Y*: -11.74%
• 10Y*: -18.20%
• ALL TIME*: -16.38%

CRM

• 1D: 1.83%
• 1M: 12.74%
• 6M: -12.88%
• YTD: -30.18%
• 1Y: -28.16%
• 3Y*: -5.84%
• 5Y*: -5.00%
• 10Y*: 8.81%
• ALL TIME*: 19.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRM Salesforce, Inc.	$2.36B	$2.15B	$2.56B
PSQ ProShares Short QQQ	$270.27M	$217.80M	$219.49M

PSQ vs. CRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSQ ProShares Short QQQ	-9.94%	-15.51%	-15.68%	-32.01%	36.40%	-24.84%	-41.23%	-27.49%	-2.34%	-24.77%
CRM Salesforce, Inc.	-30.18%	-20.25%	27.76%	98.46%	-47.83%	14.20%	36.82%	18.74%	33.98%	49.33%

Correlation

The correlation between PSQ and CRM is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (3Y) Balances recent behavior with more history.	-0.40
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.56
Correlation (10Y) Provides a long-term view across more market conditions.	-0.62
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006	-0.62

Over the past year, the inverse relationship between PSQ and CRM has weakened: their correlation has moved from -0.62 to -0.07, meaning they move in opposite directions less often than they have historically.

Return for Risk

PSQ vs. CRM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSQ

PSQ Risk / Return Rank: 3
PSQ Sharpe Ratio Rank: 3
PSQ Sortino Ratio Rank: 3
PSQ Omega Ratio Rank: 3
PSQ Calmar Ratio Rank: 4
PSQ Martin Ratio Rank: 3

CRM

CRM Risk / Return Rank: 16
CRM Sharpe Ratio Rank: 13
CRM Sortino Ratio Rank: 15
CRM Omega Ratio Rank: 17
CRM Calmar Ratio Rank: 20
CRM Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSQ vs. CRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and Salesforce, Inc. (CRM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PSQ	CRM	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	-0.69	-0.12
Sortino ratio: Return per unit of downside risk	-1.11	-0.83	-0.28
Omega ratio: Gain probability vs. loss probability	0.88	0.90	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.63	-0.65	+0.02
Martin ratio: Return relative to average drawdown	-1.23	-1.20	-0.03

PSQ vs. CRM - Sharpe Ratio Comparison

The current PSQ Sharpe Ratio is -0.81, which is comparable to the CRM Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of PSQ and CRM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSQ vs. CRM - Drawdown Comparison

The maximum PSQ drawdown since its inception was -98.26%, which is greater than CRM's maximum drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for PSQ and CRM.

Drawdown Indicators

	PSQ	CRM	Difference
Max Drawdown Largest peak-to-trough decline	-98.26%	-70.50%	-27.76%
Max Drawdown (1Y) Largest decline over 1 year	-24.83%	-43.33%	+18.50%
Max Drawdown (3Y) Largest decline over 3 years	-49.65%	-58.67%	+9.02%
Max Drawdown (5Y) Largest decline over 5 years	-60.91%	-58.67%	-2.24%
Max Drawdown (10Y) Largest decline over 10 years	-87.66%	-58.67%	-28.99%
Current Drawdown Current decline from peak	-98.12%	-49.34%	-48.78%
Average Drawdown Average peak-to-trough decline	-74.15%	-16.37%	-57.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.73%	23.55%	-10.82%

Volatility

PSQ vs. CRM - Volatility Comparison

The current volatility for ProShares Short QQQ (PSQ) is 6.96%, while Salesforce, Inc. (CRM) has a volatility of 14.40%. This indicates that PSQ experiences smaller price fluctuations and is considered to be less risky than CRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSQ	CRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	14.40%	-7.44%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	33.51%	-17.48%
Volatility (1Y) Calculated over the trailing 1-year period	19.38%	41.11%	-21.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	37.77%	-14.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	35.70%	-13.24%

Dividends

PSQ vs. CRM - Dividend Comparison

PSQ's dividend yield for the trailing twelve months is around 4.26%, more than CRM's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRM Salesforce, Inc.	0.93%	0.63%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSQ ProShares Short QQQ	4.26%	4.97%	7.15%	6.01%	0.35%	0.00%	0.31%	1.75%	0.95%	0.02%

Frequently Asked Questions

Can I hold both PSQ and CRM in my portfolio?

PSQ and CRM have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSQ or CRM?

CRM has higher volatility (14.40%) compared to PSQ (6.96%). In terms of maximum drawdown, PSQ dropped -98.26% vs CRM's -70.50%.

Which has better risk-adjusted returns?

CRM currently has the higher Sharpe Ratio (-0.69 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.