TWLO vs. PSQ
TWLO (Twilio Inc.) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 10 years, TWLO returned 17.93%/yr vs -18.20%/yr for PSQ. Their -0.52 correlation means they have often moved in opposite directions in the past.
Performance
TWLO vs. PSQ - Performance Comparison
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Returns By Period
In the year-to-date period, TWLO achieves a 38.74% return, which is significantly higher than PSQ's -9.94% return. Over the past 10 years, TWLO has outperformed PSQ with an annualized return of 17.93%, while PSQ has yielded a comparatively lower -18.20% annualized return.
TWLO
- 1D
- 3.36%
- 1M
- -5.70%
- 6M
- 63.83%
- YTD
- 38.74%
- 1Y
- 52.98%
- 3Y*
- 44.46%
- 5Y*
- -11.98%
- 10Y*
- 17.93%
- ALL TIME*
- 23.19%
PSQ
- 1D
- -0.59%
- 1M
- 5.59%
- 6M
- -9.19%
- YTD
- -9.94%
- 1Y
- -15.69%
- 3Y*
- -15.05%
- 5Y*
- -11.74%
- 10Y*
- -18.20%
- ALL TIME*
- -16.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $270.27M | $217.80M | $219.49M | |
TWLO Twilio Inc. | $289.05M | $339.55M | $479.98M |
TWLO vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWLO Twilio Inc. | 38.74% | 31.61% | 42.45% | 54.96% | -81.41% | -22.20% | 244.42% | 10.06% | 278.39% | -18.20% |
PSQ ProShares Short QQQ | -9.94% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
Correlation
The correlation between TWLO and PSQ is -0.40, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2016 | -0.52 |
The correlation between TWLO and PSQ shifts across timeframes, from -0.55 (5 years) to -0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TWLO vs. PSQ — Risk / Return Rank
TWLO
PSQ
TWLO vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Twilio Inc. (TWLO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TWLO | PSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.88 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.63 | +2.47 |
| Martin ratioReturn relative to average drawdown | 3.78 | -1.23 | +5.01 |
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Drawdowns
TWLO vs. PSQ - Drawdown Comparison
The maximum TWLO drawdown since its inception was -90.36%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for TWLO and PSQ.
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Drawdown Indicators
| TWLO | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.36% | -98.26% | +7.90% |
Max Drawdown (1Y)Largest decline over 1 year | -29.01% | -24.83% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -45.17% | -49.65% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -88.74% | -60.91% | -27.83% |
Max Drawdown (10Y)Largest decline over 10 years | -90.36% | -87.66% | -2.70% |
Current DrawdownCurrent decline from peak | -55.50% | -98.12% | +42.62% |
Average DrawdownAverage peak-to-trough decline | -49.58% | -74.15% | +24.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.07% | 12.73% | +1.34% |
Volatility
TWLO vs. PSQ - Volatility Comparison
Twilio Inc. (TWLO) has a higher volatility of 11.67% compared to ProShares Short QQQ (PSQ) at 6.96%. This indicates that TWLO'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
| TWLO | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 6.96% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 42.55% | 16.03% | +26.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.49% | 19.38% | +41.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.33% | 22.93% | +36.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.77% | 22.46% | +37.31% |
Dividends
TWLO vs. PSQ - Dividend Comparison
TWLO has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 4.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 4.26% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
TWLO Twilio Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TWLO and PSQ have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWLO has higher volatility (11.67%) compared to PSQ (6.96%). In terms of maximum drawdown, TWLO dropped -90.36% vs PSQ's -98.26%.
TWLO currently has the higher Sharpe Ratio (0.88 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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