PST vs. QQQP
PST (ProShares UltraShort 7-10 Year Treasury) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both exchange-traded funds - PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while QQQP is a Leveraged Equities fund actively managed by Tradr. PST is passively managed, while QQQP is actively managed. Over the past year, PST returned 1.08% vs 75.29% for QQQP. At a correlation of -0.02, they often move in opposite directions. PST charges 0.95%/yr vs 1.30%/yr for QQQP.
Performance
PST vs. QQQP - Performance Comparison
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Returns By Period
In the year-to-date period, PST achieves a 4.57% return, which is significantly lower than QQQP's 35.65% return.
PST
- 1D
- 0.51%
- 1M
- 0.80%
- YTD
- 4.57%
- 6M
- 6.73%
- 1Y
- 1.08%
- 3Y*
- 5.59%
- 5Y*
- 9.21%
- 10Y*
- 2.47%
QQQP
- 1D
- -0.49%
- 1M
- 18.28%
- YTD
- 35.65%
- 6M
- 31.31%
- 1Y
- 75.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PST vs. QQQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 4.57% | -4.42% | 12.35% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 35.65% | 30.21% | 10.88% |
Correlation
The correlation between PST and QQQP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | -0.02 |
The correlation between PST and QQQP shifts across timeframes, from -0.14 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PST vs. QQQP — Risk / Return Rank
PST
QQQP
PST vs. QQQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and Tradr 2X Long Triple Q Quarterly ETF (QQQP). 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.
| PST | QQQP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.99 | -2.84 |
| Martin ratioReturn relative to average drawdown | 0.26 | 10.92 | -10.66 |
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
| PST | QQQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 2.36 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 1.14 | -1.52 |
Drawdowns
PST vs. QQQP - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for PST and QQQP.
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Drawdown Indicators
| PST | QQQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.25% | -42.50% | -36.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.25% | -25.35% | +18.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | — | — |
Current DrawdownCurrent decline from peak | -64.13% | -0.49% | -63.64% |
Average DrawdownAverage peak-to-trough decline | -61.48% | -7.33% | -54.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 6.92% | -2.76% |
Volatility
PST vs. QQQP - Volatility Comparison
The current volatility for ProShares UltraShort 7-10 Year Treasury (PST) is 3.19%, while Tradr 2X Long Triple Q Quarterly ETF (QQQP) has a volatility of 8.99%. This indicates that PST experiences smaller price fluctuations and is considered to be less risky than QQQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PST | QQQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 8.99% | -5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 24.62% | -17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.62% | 32.05% | -22.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 43.80% | -28.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 43.80% | -30.48% |
PST vs. QQQP - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is lower than QQQP's 1.30% expense ratio.
Dividends
PST vs. QQQP - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.08%, while QQQP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.08% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PST and QQQP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQP has higher volatility (8.99%) compared to PST (3.19%). In terms of maximum drawdown, PST dropped -79.25% vs QQQP's -42.50%.
On 1-year performance, QQQP leads with 75.29% vs 1.08% for PST. On fees, PST is cheaper at 0.95% per year. On volatility, PST has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQP has performed better with a 75.29% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PST is cheaper with a 0.95% expense ratio, compared with 1.30% for QQQP.
PST has the higher dividend yield at 3.08%, compared with 0.00% for QQQP.
PST is categorized as Inverse Bonds, while QQQP is Leveraged Equities. They also come from different issuers: ProShares and Tradr. Their fees differ too: 0.95% for PST and 1.30% for QQQP.
QQQP currently has the higher Sharpe Ratio (2.36 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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