SPXU vs. PSQ
Compare and contrast key facts about ProShares UltraPro Short S&P500 (SPXU) and ProShares Short QQQ (PSQ).
SPXU and PSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009. 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 SPXU 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXU or PSQ.
Correlation
The correlation between SPXU and PSQ is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPXU vs. PSQ - Performance Comparison
Key characteristics
SPXU:
-0.51
PSQ:
-0.35
SPXU:
-0.44
PSQ:
-0.34
SPXU:
0.94
PSQ:
0.95
SPXU:
-0.30
PSQ:
-0.09
SPXU:
-1.00
PSQ:
-0.74
SPXU:
29.73%
PSQ:
11.91%
SPXU:
57.56%
PSQ:
25.06%
SPXU:
-99.99%
PSQ:
-97.65%
SPXU:
-99.98%
PSQ:
-97.34%
Returns By Period
In the year-to-date period, SPXU achieves a 9.90% return, which is significantly higher than PSQ's 7.60% return. Over the past 10 years, SPXU has underperformed PSQ with an annualized return of -37.81%, while PSQ has yielded a comparatively higher -16.27% annualized return.
SPXU
9.90%
4.43%
6.51%
-27.05%
-41.67%
-37.81%
PSQ
7.60%
3.29%
4.45%
-7.21%
-16.42%
-16.27%
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SPXU vs. PSQ - Expense Ratio Comparison
SPXU has a 0.93% expense ratio, which is lower than PSQ's 0.95% expense ratio.
Risk-Adjusted Performance
SPXU vs. PSQ — Risk-Adjusted Performance Rank
SPXU
PSQ
SPXU vs. PSQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) 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.
Dividends
SPXU vs. PSQ - Dividend Comparison
SPXU's dividend yield for the trailing twelve months is around 7.24%, more than PSQ's 6.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SPXU ProShares UltraPro Short S&P500 | 7.24% | 9.53% | 7.07% | 0.39% | 0.00% | 0.71% | 2.14% | 1.41% | 0.11% |
PSQ ProShares Short QQQ | 6.20% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.94% | 0.02% |
Drawdowns
SPXU vs. PSQ - Drawdown Comparison
The maximum SPXU drawdown since its inception was -99.99%, roughly equal to the maximum PSQ drawdown of -97.65%. Use the drawdown chart below to compare losses from any high point for SPXU and PSQ. For additional features, visit the drawdowns tool.
Volatility
SPXU vs. PSQ - Volatility Comparison
ProShares UltraPro Short S&P500 (SPXU) has a higher volatility of 45.27% compared to ProShares Short QQQ (PSQ) at 17.42%. This indicates that SPXU'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.