QID vs. PST
QID (ProShares UltraShort QQQ) and PST (ProShares UltraShort 7-10 Year Treasury) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, QID returned -39.47%/yr vs 2.76%/yr for PST. At a correlation of -0.21, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
QID vs. PST - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -31.93% return, which is significantly lower than PST's 4.97% return. Over the past 10 years, QID has underperformed PST with an annualized return of -39.47%, while PST has yielded a comparatively higher 2.76% annualized return.
QID
- 1D
- 0.22%
- 1M
- -6.88%
- YTD
- -31.93%
- 6M
- -30.64%
- 1Y
- -49.05%
- 3Y*
- -38.43%
- 5Y*
- -31.45%
- 10Y*
- -39.47%
PST
- 1D
- 0.74%
- 1M
- -0.34%
- YTD
- 4.97%
- 6M
- 5.46%
- 1Y
- 2.59%
- 3Y*
- 5.33%
- 5Y*
- 9.47%
- 10Y*
- 2.76%
QID vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | -31.93% | -34.97% | -34.06% | -57.19% | 66.30% | -44.93% | -69.71% | -49.57% | -9.90% | -44.00% |
PST ProShares UltraShort 7-10 Year Treasury | 4.97% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
Correlation
The correlation between QID and PST is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 1, 2008 | -0.21 |
The correlation between QID and PST shifts across timeframes, from -0.21 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QID vs. PST — Risk / Return Rank
QID
PST
QID vs. PST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and ProShares UltraShort 7-10 Year Treasury (PST). 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.
| QID | PST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.05 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 0.38 | -1.39 |
| Martin ratioReturn relative to average drawdown | -1.94 | 0.68 | -2.62 |
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Drawdowns
QID vs. PST - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for QID and PST.
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Drawdown Indicators
| QID | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -79.25% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -48.52% | -6.90% | -41.62% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | -16.19% | -63.31% |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | -16.19% | -72.53% |
Max Drawdown (10Y)Largest decline over 10 years | -99.37% | -36.07% | -63.30% |
Current DrawdownCurrent decline from peak | -99.99% | -63.99% | -36.00% |
Average DrawdownAverage peak-to-trough decline | -87.02% | -61.48% | -25.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.66% | 3.83% | +22.83% |
Volatility
QID vs. PST - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 16.52% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 2.72%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QID | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 2.72% | +13.80% |
Volatility (6M)Calculated over the trailing 6-month period | 28.23% | 7.04% | +21.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.23% | 9.50% | +25.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.26% | 15.59% | +29.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.81% | 13.33% | +31.48% |
QID vs. PST - Expense Ratio Comparison
Both QID and PST have an expense ratio of 0.95%.
Dividends
QID vs. PST - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.63%, more than PST's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.07% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% | 0.00% |
QID ProShares UltraShort QQQ | 7.63% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
Frequently Asked Questions
QID and PST have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (16.52%) compared to PST (2.72%). In terms of maximum drawdown, QID dropped -99.99% vs PST's -79.25%.
On 10-year performance, PST leads with 2.76% vs -39.47% for QID. Both ETFs have the same 0.95% expense ratio. On volatility, PST has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.76% return vs -39.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QID and PST have the same expense ratio: 0.95% per year.
QID has the higher dividend yield at 7.63%, compared with 3.07% for PST.
QID is categorized as Leveraged Equities, while PST is Inverse Bonds. QID tracks NASDAQ-100 Index (-200%), while PST tracks ICE U.S. Treasury 7-10 Year Bond Index.
PST currently has the higher Sharpe Ratio (0.27 vs -1.40), 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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