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 23.45%/yr vs -18.89%/yr for PSQ. At a correlation of -0.58, 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 18.76% return, which is significantly higher than PSQ's -14.61% return. Over the past 10 years, XYZ has outperformed PSQ with an annualized return of 23.45%, while PSQ has yielded a comparatively lower -18.89% annualized return.
XYZ
- 1D
- -0.15%
- 1M
- 11.88%
- 6M
- 11.14%
- YTD
- 18.76%
- 1Y
- 18.67%
- 3Y*
- 2.83%
- 5Y*
- -20.40%
- 10Y*
- 23.45%
PSQ
- 1D
- -0.27%
- 1M
- -1.33%
- 6M
- -12.99%
- YTD
- -14.61%
- 1Y
- -21.29%
- 3Y*
- -17.50%
- 5Y*
- -12.87%
- 10Y*
- -18.89%
XYZ vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XYZ Block, Inc | 18.76% | -23.41% | 9.88% | 23.09% | -61.09% | -25.79% | 247.89% | 11.54% | 61.78% | 154.37% |
PSQ ProShares Short QQQ | -14.61% | -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 -0.49, 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 | -0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2015 | -0.58 |
The correlation between XYZ and PSQ shifts across timeframes, from -0.63 (5 years) to -0.49 (1 year), reflecting how their relationship changes across market environments.
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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 | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.82 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.85 | +1.17 |
| Martin ratioReturn relative to average drawdown | 0.72 | -1.78 | +2.51 |
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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% | -24.83% | -14.65% |
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% | -87.94% | +1.86% |
Current DrawdownCurrent decline from peak | -72.57% | -98.21% | +25.64% |
Average DrawdownAverage peak-to-trough decline | -41.27% | -74.08% | +32.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.24% | 11.80% | +5.44% |
Volatility
XYZ vs. PSQ - Volatility Comparison
Block, Inc (XYZ) has a higher volatility of 12.37% compared to ProShares Short QQQ (PSQ) at 8.64%. 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 | 12.37% | 8.64% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 36.69% | 15.20% | +21.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.59% | 18.45% | +29.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.07% | 22.80% | +37.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.70% | 22.38% | +34.32% |
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 4.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PSQ ProShares Short QQQ | 4.49% | 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 -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYZ has higher volatility (12.37%) compared to PSQ (8.64%). In terms of maximum drawdown, XYZ dropped -86.08% vs PSQ's -98.26%.
XYZ currently has the higher Sharpe Ratio (0.26 vs -1.14), 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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