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SQQQ vs. PSLV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SQQQ vs. PSLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short QQQ (SQQQ) and Sprott Physical Silver Trust (PSLV). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
3.18%
SQQQ
PSLV

Returns By Period

In the year-to-date period, SQQQ achieves a -47.90% return, which is significantly lower than PSLV's 28.47% return. Over the past 10 years, SQQQ has underperformed PSLV with an annualized return of -52.11%, while PSLV has yielded a comparatively higher 4.66% annualized return.


SQQQ

YTD

-47.90%

1M

-5.01%

6M

-29.06%

1Y

-55.26%

5Y (annualized)

-59.31%

10Y (annualized)

-52.11%

PSLV

YTD

28.47%

1M

-8.95%

6M

0.39%

1Y

28.47%

5Y (annualized)

10.75%

10Y (annualized)

4.66%

Key characteristics


SQQQPSLV
Sharpe Ratio-1.040.97
Sortino Ratio-1.741.51
Omega Ratio0.811.18
Calmar Ratio-0.540.45
Martin Ratio-1.404.12
Ulcer Index38.96%7.31%
Daily Std Dev52.15%30.95%
Max Drawdown-100.00%-79.38%
Current Drawdown-100.00%-53.05%

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Correlation

-0.50.00.51.0-0.1

The correlation between SQQQ and PSLV is -0.14. 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.

Risk-Adjusted Performance

SQQQ vs. PSLV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and Sprott Physical Silver Trust (PSLV). 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.


Sharpe ratio
The chart of Sharpe ratio for SQQQ, currently valued at -1.04, compared to the broader market0.002.004.00-1.040.97
The chart of Sortino ratio for SQQQ, currently valued at -1.74, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.741.51
The chart of Omega ratio for SQQQ, currently valued at 0.81, compared to the broader market0.501.001.502.002.503.000.811.18
The chart of Calmar ratio for SQQQ, currently valued at -0.54, compared to the broader market0.005.0010.0015.00-0.540.45
The chart of Martin ratio for SQQQ, currently valued at -1.40, compared to the broader market0.0020.0040.0060.0080.00100.00-1.404.12
SQQQ
PSLV

The current SQQQ Sharpe Ratio is -1.04, which is lower than the PSLV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of SQQQ and PSLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
-1.04
0.97
SQQQ
PSLV

Dividends

SQQQ vs. PSLV - Dividend Comparison

SQQQ's dividend yield for the trailing twelve months is around 11.22%, while PSLV has not paid dividends to shareholders.


TTM2023202220212020201920182017
SQQQ
ProShares UltraPro Short QQQ
11.22%8.01%0.28%0.00%2.15%2.92%1.47%0.14%
PSLV
Sprott Physical Silver Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SQQQ vs. PSLV - Drawdown Comparison

The maximum SQQQ drawdown since its inception was -100.00%, which is greater than PSLV's maximum drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for SQQQ and PSLV. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-53.05%
SQQQ
PSLV

Volatility

SQQQ vs. PSLV - Volatility Comparison

ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 16.94% compared to Sprott Physical Silver Trust (PSLV) at 8.94%. This indicates that SQQQ's price experiences larger fluctuations and is considered to be riskier than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
16.94%
8.94%
SQQQ
PSLV