XYZ vs. PSQ
XYZ (Block, Inc) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 10 years, XYZ returned 22.83%/yr vs -19.15%/yr for PSQ. At a correlation of -0.59, they often move in opposite directions.
Performance
XYZ vs. PSQ - Performance Comparison
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Returns By Period
In the year-to-date period, XYZ achieves a 6.81% return, which is significantly higher than PSQ's -14.02% return. Over the past 10 years, XYZ has outperformed PSQ with an annualized return of 22.83%, while PSQ has yielded a comparatively lower -19.15% annualized return.
XYZ
- 1D
- 0.62%
- 1M
- -1.19%
- YTD
- 6.81%
- 6M
- 7.37%
- 1Y
- 12.91%
- 3Y*
- 1.99%
- 5Y*
- -20.53%
- 10Y*
- 22.83%
PSQ
- 1D
- -0.65%
- 1M
- -1.75%
- YTD
- -14.02%
- 6M
- -14.04%
- 1Y
- -24.40%
- 3Y*
- -17.58%
- 5Y*
- -13.78%
- 10Y*
- -19.15%
XYZ vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XYZ Block, Inc | 6.81% | -23.41% | 9.88% | 23.09% | -61.09% | -25.79% | 247.89% | 11.54% | 61.78% | 154.37% |
PSQ ProShares Short QQQ | -14.02% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
Correlation
The correlation between XYZ and PSQ is -0.54, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2015 | -0.59 |
The correlation between XYZ and PSQ has been stable across timeframes, ranging from -0.64 to -0.54 - a consistent structural relationship.
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Return for Risk
XYZ vs. PSQ — Risk / Return Rank
XYZ
PSQ
XYZ vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Block, Inc (XYZ) 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.
| XYZ | PSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.78 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.87 | +1.10 |
| Martin ratioReturn relative to average drawdown | 0.52 | -1.81 | +2.33 |
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Drawdowns
XYZ vs. PSQ - Drawdown Comparison
The maximum XYZ drawdown since its inception was -86.08%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for XYZ and PSQ.
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Drawdown Indicators
| XYZ | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.08% | -98.26% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -39.48% | -26.86% | -12.62% |
Max Drawdown (3Y)Largest decline over 3 years | -52.96% | -49.65% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -86.08% | -60.91% | -25.17% |
Max Drawdown (10Y)Largest decline over 10 years | -86.08% | -88.98% | +2.90% |
Current DrawdownCurrent decline from peak | -75.33% | -98.20% | +22.87% |
Average DrawdownAverage peak-to-trough decline | -41.05% | -73.99% | +32.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.15% | 12.96% | +4.19% |
Volatility
XYZ vs. PSQ - Volatility Comparison
Block, Inc (XYZ) has a higher volatility of 12.79% compared to ProShares Short QQQ (PSQ) at 7.39%. This indicates that XYZ'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
| XYZ | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.79% | 7.39% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 35.49% | 13.75% | +21.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.91% | 17.23% | +29.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.99% | 22.59% | +37.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.70% | 22.34% | +34.36% |
Dividends
XYZ vs. PSQ - Dividend Comparison
XYZ has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 5.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 5.09% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
XYZ Block, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYZ and PSQ have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYZ has higher volatility (12.79%) compared to PSQ (7.39%). In terms of maximum drawdown, XYZ dropped -86.08% vs PSQ's -98.26%.
XYZ currently has the higher Sharpe Ratio (0.19 vs -1.36), 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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