PSQ vs. USD=X
PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%), while USD=X (USD Cash) is a currency. Over the past 10 years, PSQ returned -19.15%/yr vs 0.00%/yr for USD=X.
Performance
PSQ vs. USD=X - Performance Comparison
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Returns By Period
PSQ
- 1D
- -0.65%
- 1M
- -0.92%
- YTD
- -14.02%
- 6M
- -14.04%
- 1Y
- -23.41%
- 3Y*
- -17.58%
- 5Y*
- -13.78%
- 10Y*
- -19.15%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
PSQ vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | -14.02% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
PSQ vs. USD=X — Risk / Return Rank
PSQ
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSQ vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.81 | — | — |
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Drawdowns
PSQ vs. USD=X - Drawdown Comparison
The maximum PSQ drawdown since its inception was -98.26%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PSQ and USD=X.
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Drawdown Indicators
| PSQ | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.26% | 0.00% | -98.26% |
Max Drawdown (1Y)Largest decline over 1 year | -26.86% | 0.00% | -26.86% |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | 0.00% | -49.65% |
Max Drawdown (5Y)Largest decline over 5 years | -60.91% | 0.00% | -60.91% |
Max Drawdown (10Y)Largest decline over 10 years | -88.98% | 0.00% | -88.98% |
Current DrawdownCurrent decline from peak | -98.20% | 0.00% | -98.20% |
Average DrawdownAverage peak-to-trough decline | -73.99% | 0.00% | -73.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.96% | 0.00% | +12.96% |
Volatility
PSQ vs. USD=X - Volatility Comparison
ProShares Short QQQ (PSQ) has a higher volatility of 7.39% compared to USD Cash (USD=X) at 0.00%. This indicates that PSQ's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSQ | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 0.00% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 0.00% | +13.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 0.00% | +17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 0.00% | +22.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 0.00% | +22.34% |
Frequently Asked Questions
PSQ has higher volatility (7.39%) compared to USD=X (0.00%). In terms of maximum drawdown, PSQ dropped -98.26% vs USD=X's 0.00%.
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