SKF vs. PSQ
Compare and contrast key facts about ProShares UltraShort Financials (SKF) and ProShares Short QQQ (PSQ).
SKF and PSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKF is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Financials -IND (-200%). It was launched on Jan 30, 2007. 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. Both SKF and PSQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SKF vs. PSQ - Performance Comparison
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SKF vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKF ProShares UltraShort Financials | 21.76% | -23.99% | -36.29% | -21.78% | 17.63% | -47.66% | -42.40% | -42.97% | 16.42% | -31.70% |
PSQ ProShares Short QQQ | 5.77% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
Returns By Period
In the year-to-date period, SKF achieves a 21.76% return, which is significantly higher than PSQ's 5.77% return. Over the past 10 years, SKF has underperformed PSQ with an annualized return of -26.15%, while PSQ has yielded a comparatively higher -17.31% annualized return.
SKF
- 1D
- 0.06%
- 1M
- 6.91%
- YTD
- 21.76%
- 6M
- 16.27%
- 1Y
- -1.91%
- 3Y*
- -23.89%
- 5Y*
- -17.64%
- 10Y*
- -26.15%
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%
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SKF vs. PSQ - Expense Ratio Comparison
Both SKF and PSQ have an expense ratio of 0.95%.
Return for Risk
SKF vs. PSQ — Risk / Return Rank
SKF
PSQ
SKF vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Financials (SKF) and ProShares Short QQQ (PSQ). 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.
| SKF | PSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | -0.79 | +0.74 |
Sortino ratioReturn per unit of downside risk | 0.22 | -1.00 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.86 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.54 | +0.51 |
Martin ratioReturn relative to average drawdown | -0.05 | -0.68 | +0.63 |
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
| SKF | PSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.79 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | -0.50 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | -0.78 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | -0.72 | +0.22 |
Correlation
The correlation between SKF and PSQ is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SKF vs. PSQ - Dividend Comparison
SKF's dividend yield for the trailing twelve months is around 3.88%, less than PSQ's 4.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKF ProShares UltraShort Financials | 3.88% | 5.61% | 7.94% | 3.93% | 0.03% | 0.00% | 0.11% | 1.29% | 0.06% | 0.00% |
PSQ ProShares Short QQQ | 4.14% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
Drawdowns
SKF vs. PSQ - Drawdown Comparison
The maximum SKF drawdown since its inception was -99.96%, roughly equal to the maximum PSQ drawdown of -97.99%. Use the drawdown chart below to compare losses from any high point for SKF and PSQ.
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Drawdown Indicators
| SKF | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -97.99% | -1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -33.97% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -72.40% | -54.95% | -17.45% |
Max Drawdown (10Y)Largest decline over 10 years | -96.51% | -87.30% | -9.21% |
Current DrawdownCurrent decline from peak | -99.95% | -97.79% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -89.17% | -73.77% | -15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.27% | 27.26% | +2.01% |
Volatility
SKF vs. PSQ - Volatility Comparison
ProShares UltraShort Financials (SKF) has a higher volatility of 9.64% compared to ProShares Short QQQ (PSQ) at 6.68%. This indicates that SKF's price experiences larger fluctuations and is considered to be riskier than PSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKF | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 6.68% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 12.84% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 22.56% | +16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 22.44% | +13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.94% | 22.20% | +18.74% |