PSQ vs. SQQQ
Compare and contrast key facts about ProShares Short QQQ (PSQ) and ProShares UltraPro Short QQQ (SQQQ).
PSQ and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both PSQ and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSQ or SQQQ.
Performance
PSQ vs. SQQQ - Performance Comparison
Returns By Period
In the year-to-date period, PSQ achieves a -15.01% return, which is significantly higher than SQQQ's -48.41% return. Over the past 10 years, PSQ has outperformed SQQQ with an annualized return of -17.39%, while SQQQ has yielded a comparatively lower -52.04% annualized return.
PSQ
-15.01%
-1.41%
-8.11%
-18.63%
-19.92%
-17.39%
SQQQ
-48.41%
-5.54%
-30.82%
-55.19%
-59.36%
-52.04%
Key characteristics
| PSQ | SQQQ | |
|---|---|---|
| Sharpe Ratio | -1.08 | -1.07 |
| Sortino Ratio | -1.55 | -1.82 |
| Omega Ratio | 0.83 | 0.80 |
| Calmar Ratio | -0.19 | -0.56 |
| Martin Ratio | -1.40 | -1.42 |
| Ulcer Index | 13.38% | 39.13% |
| Daily Std Dev | 17.43% | 52.11% |
| Max Drawdown | -97.55% | -100.00% |
| Current Drawdown | -97.50% | -100.00% |
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PSQ vs. SQQQ - Expense Ratio Comparison
Both PSQ and SQQQ have an expense ratio of 0.95%.
Correlation
The correlation between PSQ and SQQQ is 0.97, 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.
Risk-Adjusted Performance
PSQ vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and ProShares UltraPro Short QQQ (SQQQ). 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.
Dividends
PSQ vs. SQQQ - Dividend Comparison
PSQ's dividend yield for the trailing twelve months is around 7.61%, less than SQQQ's 11.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 7.61% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.94% | 0.02% |
SQQQ ProShares UltraPro Short QQQ | 11.33% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
PSQ vs. SQQQ - Drawdown Comparison
The maximum PSQ drawdown since its inception was -97.55%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PSQ and SQQQ. For additional features, visit the drawdowns tool.
Volatility
PSQ vs. SQQQ - Volatility Comparison
The current volatility for ProShares Short QQQ (PSQ) is 5.44%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 16.14%. This indicates that PSQ experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.