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 -18.20%/yr vs 0.00%/yr for USD=X.
Performance
PSQ vs. USD=X - Performance Comparison
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Returns By Period
PSQ
- 1D
- -0.59%
- 1M
- 5.59%
- 6M
- -9.19%
- YTD
- -9.94%
- 1Y
- -15.69%
- 3Y*
- -15.05%
- 5Y*
- -11.74%
- 10Y*
- -18.20%
- ALL TIME*
- -16.38%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
- ALL TIME*
- 0.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $270.27M | $217.80M | $219.49M |
PSQ vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | -9.94% | -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 | 0.88 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | — | — |
| Martin ratioReturn relative to average drawdown | -1.23 | — | — |
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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 | -24.83% | 0.00% | -24.83% |
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 | -87.66% | 0.00% | -87.66% |
Current DrawdownCurrent decline from peak | -98.12% | 0.00% | -98.12% |
Average DrawdownAverage peak-to-trough decline | -74.15% | 0.00% | -74.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.73% | 0.00% | +12.73% |
Volatility
PSQ vs. USD=X - Volatility Comparison
ProShares Short QQQ (PSQ) has a higher volatility of 6.96% 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 | 6.96% | 0.00% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 0.00% | +16.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 0.00% | +19.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.93% | 0.00% | +22.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.46% | 0.00% | +22.46% |
Frequently Asked Questions
PSQ has higher volatility (6.96%) 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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