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

Correlation

The correlation between PSQ and SPXU is 0.90, 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.


-0.50.00.51.00.9

Performance

PSQ vs. SPXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short QQQ (PSQ) and ProShares UltraPro Short S&P500 (SPXU). The values are adjusted to include any dividend payments, if applicable.

-100.00%-99.00%-98.00%-97.00%-96.00%JulyAugustSeptemberOctoberNovemberDecember
-96.20%
-99.98%
PSQ
SPXU

Key characteristics

Sharpe Ratio

PSQ:

-1.01

SPXU:

-1.27

Sortino Ratio

PSQ:

-1.46

SPXU:

-2.13

Omega Ratio

PSQ:

0.84

SPXU:

0.77

Calmar Ratio

PSQ:

-0.19

SPXU:

-0.47

Martin Ratio

PSQ:

-1.43

SPXU:

-1.41

Ulcer Index

PSQ:

12.64%

SPXU:

33.34%

Daily Std Dev

PSQ:

17.87%

SPXU:

37.10%

Max Drawdown

PSQ:

-97.65%

SPXU:

-99.99%

Current Drawdown

PSQ:

-97.56%

SPXU:

-99.98%

Returns By Period

In the year-to-date period, PSQ achieves a -16.94% return, which is significantly higher than SPXU's -44.82% return. Over the past 10 years, PSQ has outperformed SPXU with an annualized return of -17.56%, while SPXU has yielded a comparatively lower -39.10% annualized return.


PSQ

YTD

-16.94%

1M

-2.62%

6M

-5.55%

1Y

-17.11%

5Y*

-19.51%

10Y*

-17.56%

SPXU

YTD

-44.82%

1M

1.13%

6M

-20.56%

1Y

-45.27%

5Y*

-45.11%

10Y*

-39.10%

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PSQ vs. SPXU - Expense Ratio Comparison

PSQ has a 0.95% expense ratio, which is higher than SPXU's 0.93% expense ratio.


PSQ
ProShares Short QQQ
Expense ratio chart for PSQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for SPXU: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

Risk-Adjusted Performance

PSQ vs. SPXU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and ProShares UltraPro Short S&P500 (SPXU). 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 -1.01, compared to the broader market0.002.004.00-1.01-1.27
The chart of Sortino ratio for PSQ, currently valued at -1.46, compared to the broader market-2.000.002.004.006.008.0010.00-1.46-2.13
The chart of Omega ratio for PSQ, currently valued at 0.84, compared to the broader market0.501.001.502.002.503.000.840.77
The chart of Calmar ratio for PSQ, currently valued at -0.19, compared to the broader market0.005.0010.0015.00-0.19-0.47
The chart of Martin ratio for PSQ, currently valued at -1.43, compared to the broader market0.0020.0040.0060.0080.00100.00-1.43-1.41
PSQ
SPXU

The current PSQ Sharpe Ratio is -1.01, which is comparable to the SPXU Sharpe Ratio of -1.27. The chart below compares the historical Sharpe Ratios of PSQ and SPXU, 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-1.80-1.60-1.40-1.20-1.00-0.80-0.60JulyAugustSeptemberOctoberNovemberDecember
-1.01
-1.27
PSQ
SPXU

Dividends

PSQ vs. SPXU - Dividend Comparison

PSQ's dividend yield for the trailing twelve months is around 5.26%, less than SPXU's 7.43% yield.


TTM2023202220212020201920182017
PSQ
ProShares Short QQQ
5.26%6.01%0.35%0.00%0.31%1.75%0.94%0.02%
SPXU
ProShares UltraPro Short S&P500
7.43%7.07%0.39%0.00%0.71%2.14%1.41%0.11%

Drawdowns

PSQ vs. SPXU - Drawdown Comparison

The maximum PSQ drawdown since its inception was -97.65%, roughly equal to the maximum SPXU drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for PSQ and SPXU. For additional features, visit the drawdowns tool.


-100.00%-99.00%-98.00%-97.00%-96.00%JulyAugustSeptemberOctoberNovemberDecember
-96.38%
-99.98%
PSQ
SPXU

Volatility

PSQ vs. SPXU - Volatility Comparison

The current volatility for ProShares Short QQQ (PSQ) is 5.23%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 10.93%. This indicates that PSQ experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
5.23%
10.93%
PSQ
SPXU
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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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