PSQ vs. YQQQ
Compare and contrast key facts about ProShares Short QQQ (PSQ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ).
PSQ and YQQQ 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. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.
Performance
PSQ vs. YQQQ - Performance Comparison
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PSQ vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PSQ ProShares Short QQQ | 5.77% | -15.51% | -5.48% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 10.57% | -9.97% | -4.06% |
Returns By Period
In the year-to-date period, PSQ achieves a 5.77% return, which is significantly lower than YQQQ's 10.57% return.
PSQ
- 1D
- -1.24%
- 1M
- 4.02%
- YTD
- 5.77%
- 6M
- 4.77%
- 1Y
- -17.84%
- 3Y*
- -14.97%
- 5Y*
- -11.15%
- 10Y*
- -17.31%
YQQQ
- 1D
- -1.10%
- 1M
- 5.50%
- YTD
- 10.57%
- 6M
- 12.35%
- 1Y
- -7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PSQ vs. YQQQ - Expense Ratio Comparison
PSQ has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Return for Risk
PSQ vs. YQQQ — Risk / Return Rank
PSQ
YQQQ
PSQ vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.
| PSQ | YQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | -0.42 | -0.37 |
Sortino ratioReturn per unit of downside risk | -1.00 | -0.44 | -0.56 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.93 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.31 | -0.24 |
Martin ratioReturn relative to average drawdown | -0.68 | -0.41 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSQ | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | -0.42 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | -0.17 | -0.55 |
Correlation
The correlation between PSQ and YQQQ is 0.94, 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.
Dividends
PSQ vs. YQQQ - Dividend Comparison
PSQ's dividend yield for the trailing twelve months is around 4.14%, less than YQQQ's 27.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 4.14% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 27.65% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSQ vs. YQQQ - Drawdown Comparison
The maximum PSQ drawdown since its inception was -97.99%, which is greater than YQQQ's maximum drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for PSQ and YQQQ.
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Drawdown Indicators
| PSQ | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.99% | -24.85% | -73.14% |
Max Drawdown (1Y)Largest decline over 1 year | -33.97% | -24.85% | -9.12% |
Max Drawdown (5Y)Largest decline over 5 years | -54.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | — | — |
Current DrawdownCurrent decline from peak | -97.79% | -12.77% | -85.02% |
Average DrawdownAverage peak-to-trough decline | -73.77% | -13.36% | -60.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.26% | 18.68% | +8.58% |
Volatility
PSQ vs. YQQQ - Volatility Comparison
ProShares Short QQQ (PSQ) has a higher volatility of 6.68% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 5.37%. This indicates that PSQ's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSQ | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.37% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 9.43% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 17.32% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 16.38% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 16.38% | +5.82% |