PSQ vs. NVDD
Compare and contrast key facts about ProShares Short QQQ (PSQ) and Direxion Daily NVDA Bear 1X Shares (NVDD).
PSQ and NVDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-100%). It was launched on Jun 19, 2006. NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 2023.
Performance
PSQ vs. NVDD - Performance Comparison
Loading graphics...
PSQ vs. NVDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSQ ProShares Short QQQ | 7.10% | -15.51% | -15.68% | -7.18% |
NVDD Direxion Daily NVDA Bear 1X Shares | 5.60% | -38.72% | -69.77% | -8.79% |
Returns By Period
In the year-to-date period, PSQ achieves a 7.10% return, which is significantly higher than NVDD's 5.60% return.
PSQ
- 1D
- -3.36%
- 1M
- 5.19%
- YTD
- 7.10%
- 6M
- 5.61%
- 1Y
- -17.44%
- 3Y*
- -14.62%
- 5Y*
- -10.93%
- 10Y*
- -17.21%
NVDD
- 1D
- -5.45%
- 1M
- 1.12%
- YTD
- 5.60%
- 6M
- 4.32%
- 1Y
- -43.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PSQ vs. NVDD - Expense Ratio Comparison
PSQ has a 0.95% expense ratio, which is lower than NVDD's 1.01% expense ratio.
Return for Risk
PSQ vs. NVDD — Risk / Return Rank
PSQ
NVDD
PSQ vs. NVDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and Direxion Daily NVDA Bear 1X Shares (NVDD). 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.
| PSQ | NVDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.78 | -1.05 | +0.27 |
Sortino ratioReturn per unit of downside risk | -0.98 | -1.49 | +0.51 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.81 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.75 | +0.23 |
Martin ratioReturn relative to average drawdown | -0.64 | -0.91 | +0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PSQ | NVDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -1.05 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | -1.03 | +0.31 |
Correlation
The correlation between PSQ and NVDD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PSQ vs. NVDD - Dividend Comparison
PSQ's dividend yield for the trailing twelve months is around 4.08%, more than NVDD's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 4.08% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
NVDD Direxion Daily NVDA Bear 1X Shares | 3.39% | 4.19% | 4.83% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSQ vs. NVDD - Drawdown Comparison
The maximum PSQ drawdown since its inception was -97.99%, which is greater than NVDD's maximum drawdown of -86.33%. Use the drawdown chart below to compare losses from any high point for PSQ and NVDD.
Loading graphics...
Drawdown Indicators
| PSQ | NVDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.99% | -86.33% | -11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -33.97% | -57.03% | +23.06% |
Max Drawdown (5Y)Largest decline over 5 years | -54.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | — | — |
Current DrawdownCurrent decline from peak | -97.76% | -84.09% | -13.67% |
Average DrawdownAverage peak-to-trough decline | -73.76% | -65.69% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.21% | 46.49% | -19.28% |
Volatility
PSQ vs. NVDD - Volatility Comparison
The current volatility for ProShares Short QQQ (PSQ) is 6.57%, while Direxion Daily NVDA Bear 1X Shares (NVDD) has a volatility of 10.52%. This indicates that PSQ experiences smaller price fluctuations and is considered to be less risky than NVDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PSQ | NVDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 10.52% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 25.96% | -13.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.53% | 41.21% | -18.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 48.05% | -25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 48.05% | -25.84% |