PSQ vs. ZIVB
PSQ (ProShares Short QQQ) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. PSQ is passively managed, while ZIVB is actively managed. PSQ charges 0.95%/yr vs 1.35%/yr for ZIVB.
Performance
PSQ vs. ZIVB - Performance Comparison
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Returns By Period
PSQ
- 1D
- 0.28%
- 1M
- -9.35%
- YTD
- -16.45%
- 6M
- -14.96%
- 1Y
- -26.29%
- 3Y*
- -18.98%
- 5Y*
- -14.55%
- 10Y*
- -19.23%
ZIVB
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSQ vs. ZIVB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PSQ ProShares Short QQQ | -1.10% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% |
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Return for Risk
PSQ vs. ZIVB — Risk / Return Rank
PSQ
ZIVB
PSQ vs. ZIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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 | ZIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.74 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | — | — |
| Martin ratioReturn relative to average drawdown | -2.12 | — | — |
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 | ZIVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.65 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.76 | — | — |
Drawdowns
PSQ vs. ZIVB - Drawdown Comparison
The maximum PSQ drawdown since its inception was -98.26%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PSQ and ZIVB.
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Drawdown Indicators
| PSQ | ZIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.26% | 0.00% | -98.26% |
Max Drawdown (1Y)Largest decline over 1 year | -26.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.98% | — | — |
Current DrawdownCurrent decline from peak | -98.25% | 0.00% | -98.25% |
Average DrawdownAverage peak-to-trough decline | -73.97% | 0.00% | -73.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | — | — |
Volatility
PSQ vs. ZIVB - Volatility Comparison
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Volatility by Period
| PSQ | ZIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 0.00% | +16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 0.00% | +22.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 0.00% | +22.25% |
PSQ vs. ZIVB - Expense Ratio Comparison
PSQ has a 0.95% expense ratio, which is lower than ZIVB's 1.35% expense ratio.
Dividends
PSQ vs. ZIVB - Dividend Comparison
PSQ's dividend yield for the trailing twelve months is around 5.24%, while ZIVB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 5.24% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
On fees, PSQ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSQ is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.
PSQ has the higher dividend yield at 5.24%, compared with 0.00% for ZIVB.
They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for PSQ and 1.35% for ZIVB.
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