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

Key characteristics


SQQQPSQ
YTD Return-51.13%-16.65%
1Y Return-63.74%-24.03%
3Y Return (Ann)-39.63%-8.72%
5Y Return (Ann)-59.83%-20.26%
10Y Return (Ann)-52.65%-17.75%
Sharpe Ratio-1.20-1.33
Sortino Ratio-2.21-1.96
Omega Ratio0.760.78
Calmar Ratio-0.63-0.24
Martin Ratio-1.44-1.51
Ulcer Index43.59%15.46%
Daily Std Dev52.39%17.53%
Max Drawdown-100.00%-97.55%
Current Drawdown-100.00%-97.55%

Correlation

-0.50.00.51.01.0

The correlation between SQQQ and PSQ is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

SQQQ vs. PSQ - Performance Comparison

In the year-to-date period, SQQQ achieves a -51.13% return, which is significantly lower than PSQ's -16.65% return. Over the past 10 years, SQQQ has underperformed PSQ with an annualized return of -52.65%, while PSQ has yielded a comparatively higher -17.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-100.00%-99.00%-98.00%-97.00%-96.00%-95.00%-94.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-95.27%
SQQQ
PSQ

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SQQQ vs. PSQ - Expense Ratio Comparison

Both SQQQ and PSQ have an expense ratio of 0.95%.


SQQQ
ProShares UltraPro Short QQQ
Expense ratio chart for SQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for PSQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

SQQQ vs. PSQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) 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.


SQQQ
Sharpe ratio
The chart of Sharpe ratio for SQQQ, currently valued at -1.20, compared to the broader market-2.000.002.004.006.00-1.20
Sortino ratio
The chart of Sortino ratio for SQQQ, currently valued at -2.21, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.21
Omega ratio
The chart of Omega ratio for SQQQ, currently valued at 0.76, compared to the broader market1.001.502.002.503.000.76
Calmar ratio
The chart of Calmar ratio for SQQQ, currently valued at -0.63, compared to the broader market0.005.0010.0015.00-0.63
Martin ratio
The chart of Martin ratio for SQQQ, currently valued at -1.44, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.44
PSQ
Sharpe ratio
The chart of Sharpe ratio for PSQ, currently valued at -1.33, compared to the broader market-2.000.002.004.006.00-1.33
Sortino ratio
The chart of Sortino ratio for PSQ, currently valued at -1.96, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.96
Omega ratio
The chart of Omega ratio for PSQ, currently valued at 0.78, compared to the broader market1.001.502.002.503.000.78
Calmar ratio
The chart of Calmar ratio for PSQ, currently valued at -0.25, compared to the broader market0.005.0010.0015.00-0.25
Martin ratio
The chart of Martin ratio for PSQ, currently valued at -1.51, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.51

SQQQ vs. PSQ - Sharpe Ratio Comparison

The current SQQQ Sharpe Ratio is -1.20, which is comparable to the PSQ Sharpe Ratio of -1.33. The chart below compares the historical Sharpe Ratios of SQQQ and PSQ, 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-1.60-1.40-1.20-1.00-0.80-0.60JuneJulyAugustSeptemberOctoberNovember
-1.20
-1.33
SQQQ
PSQ

Dividends

SQQQ vs. PSQ - Dividend Comparison

SQQQ's dividend yield for the trailing twelve months is around 10.07%, more than PSQ's 7.76% yield.


TTM2023202220212020201920182017
SQQQ
ProShares UltraPro Short QQQ
10.07%8.01%0.06%0.00%2.15%2.92%1.47%0.14%
PSQ
ProShares Short QQQ
7.76%6.01%0.35%0.00%0.31%1.75%0.94%0.02%

Drawdowns

SQQQ vs. PSQ - Drawdown Comparison

The maximum SQQQ drawdown since its inception was -100.00%, roughly equal to the maximum PSQ drawdown of -97.55%. Use the drawdown chart below to compare losses from any high point for SQQQ and PSQ. For additional features, visit the drawdowns tool.


-100.00%-99.00%-98.00%-97.00%-96.00%-95.00%-94.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-95.28%
SQQQ
PSQ

Volatility

SQQQ vs. PSQ - Volatility Comparison

ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 15.52% compared to ProShares Short QQQ (PSQ) at 5.19%. This indicates that SQQQ'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.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
15.52%
5.19%
SQQQ
PSQ