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PSQ vs. QQQX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PSQ and QQQX is -0.76. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.8

Performance

PSQ vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short QQQ (PSQ) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
-96.16%
482.62%
PSQ
QQQX

Key characteristics

Sharpe Ratio

PSQ:

-0.94

QQQX:

1.53

Sortino Ratio

PSQ:

-1.34

QQQX:

2.09

Omega Ratio

PSQ:

0.85

QQQX:

1.28

Calmar Ratio

PSQ:

-0.17

QQQX:

1.48

Martin Ratio

PSQ:

-1.34

QQQX:

7.64

Ulcer Index

PSQ:

12.52%

QQQX:

2.87%

Daily Std Dev

PSQ:

17.93%

QQQX:

14.26%

Max Drawdown

PSQ:

-97.65%

QQQX:

-57.24%

Current Drawdown

PSQ:

-97.55%

QQQX:

-2.64%

Returns By Period

In the year-to-date period, PSQ achieves a -16.63% return, which is significantly lower than QQQX's 21.62% return. Over the past 10 years, PSQ has underperformed QQQX with an annualized return of -17.53%, while QQQX has yielded a comparatively higher 10.48% annualized return.


PSQ

YTD

-16.63%

1M

-2.81%

6M

-4.08%

1Y

-16.45%

5Y*

-19.48%

10Y*

-17.53%

QQQX

YTD

21.62%

1M

3.23%

6M

10.97%

1Y

22.04%

5Y*

9.42%

10Y*

10.48%

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Risk-Adjusted Performance

PSQ vs. QQQX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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.


Sharpe ratio
The chart of Sharpe ratio for PSQ, currently valued at -0.94, compared to the broader market0.002.004.00-0.941.53
The chart of Sortino ratio for PSQ, currently valued at -1.34, compared to the broader market-2.000.002.004.006.008.0010.00-1.342.09
The chart of Omega ratio for PSQ, currently valued at 0.85, compared to the broader market0.501.001.502.002.503.000.851.28
The chart of Calmar ratio for PSQ, currently valued at -0.17, compared to the broader market0.005.0010.0015.00-0.171.48
The chart of Martin ratio for PSQ, currently valued at -1.34, compared to the broader market0.0020.0040.0060.0080.00100.00-1.347.64
PSQ
QQQX

The current PSQ Sharpe Ratio is -0.94, which is lower than the QQQX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PSQ and QQQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.00JulyAugustSeptemberOctoberNovemberDecember
-0.94
1.53
PSQ
QQQX

Dividends

PSQ vs. QQQX - Dividend Comparison

PSQ's dividend yield for the trailing twelve months is around 7.76%, more than QQQX's 6.95% yield.


TTM20232022202120202019201820172016201520142013
PSQ
ProShares Short QQQ
7.76%6.01%0.35%0.00%0.31%1.75%0.94%0.02%0.00%0.00%0.00%0.00%
QQQX
Nuveen Nasdaq 100 Dynamic Overwrite Fund
6.95%7.26%9.65%5.86%6.00%6.49%8.40%5.95%7.54%7.23%7.07%6.79%

Drawdowns

PSQ vs. QQQX - Drawdown Comparison

The maximum PSQ drawdown since its inception was -97.65%, which is greater than QQQX's maximum drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for PSQ and QQQX. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-97.55%
-2.64%
PSQ
QQQX

Volatility

PSQ vs. QQQX - Volatility Comparison

ProShares Short QQQ (PSQ) has a higher volatility of 5.17% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 3.66%. This indicates that PSQ's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
5.17%
3.66%
PSQ
QQQX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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