SQQQ vs. PSLV
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and Sprott Physical Silver Trust (PSLV).
SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SQQQ or PSLV.
Key characteristics
| SQQQ | PSLV | |
|---|---|---|
| YTD Return | -51.13% | 30.94% |
| 1Y Return | -63.74% | 37.76% |
| 3Y Return (Ann) | -39.63% | 7.63% |
| 5Y Return (Ann) | -59.83% | 11.41% |
| 10Y Return (Ann) | -52.65% | 5.18% |
| Sharpe Ratio | -1.20 | 1.23 |
| Sortino Ratio | -2.21 | 1.82 |
| Omega Ratio | 0.76 | 1.22 |
| Calmar Ratio | -0.63 | 0.57 |
| Martin Ratio | -1.44 | 5.45 |
| Ulcer Index | 43.59% | 6.99% |
| Daily Std Dev | 52.39% | 30.94% |
| Max Drawdown | -100.00% | -79.38% |
| Current Drawdown | -100.00% | -52.15% |
Correlation
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.
Performance
SQQQ vs. PSLV - Performance Comparison
In the year-to-date period, SQQQ achieves a -51.13% return, which is significantly lower than PSLV's 30.94% return. Over the past 10 years, SQQQ has underperformed PSLV with an annualized return of -52.65%, while PSLV has yielded a comparatively higher 5.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Dividends
SQQQ vs. PSLV - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 10.07%, while PSLV has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 10.07% | 8.01% | 0.06% | 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.
Volatility
SQQQ vs. PSLV - Volatility Comparison
ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 15.52% compared to Sprott Physical Silver Trust (PSLV) at 10.49%. 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.