ProShares - Short QQQ
$24.73−0.04 (−0.18%)
- Expense ratio
- 1.00%
- Fund size
- $808M
- 1Y return
- −17.6%
- Yield · Last 12 months
- 4.61%
- Holdings
- 17
- Volume · 30D
- 8.7M sh
- NAV per share
- $25.71
- 52W range
The ETF.net PSQ Grade
Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 98Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 98Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 72Category rank
Our read on PSQ
APSQ takes the short side of the Nasdaq-100 with no leverage bolted on: one times inverse, reset every day. It is the mildest of ProShares' three Nasdaq-100 bears and has been running since 2006.
The fund is designed to provide -1x exposure to the Nasdaq-100 Index's daily price movement, seeking to benefit when that index declines.
Why people hold it
- Straight -1x. A down day in the Nasdaq-100 is an up day here, without a 2x or 3x multiplier amplifying every wiggle in the math.proshares.com
- The 1.00% expense ratio sits under the typical fee in the leveraged and inverse bear crowd, unusual for a niche tool.
- Hits its stated daily target closely and is one of the more actively traded inverse funds around, which matters for a vehicle built to be used in short bursts.
- Live since 2006, so the plumbing has been through multiple full market cycles rather than one recent stretch.
Worth knowing
- The daily reset is the whole story. Hold past one session and compounding takes over, so results over a week or a month can drift well away from -1x the index move for that stretch.proshares.com
- A 1.00% fee is heavy next to a plain index fund, and it accrues whether the Nasdaq-100 falls or not.
- Siblings QID and SQQQ run the same trade at -2x and -3x. PSQ stays at -1x by design, meaning smaller moves in both directions.
PSQ Holdings
- Stocks
- 17
- 114%
- IQMM
Sectors
Geography
PSQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PSQ |
|---|---|
| Year to date | −16.8% |
| 1 month | −4.4% |
| 3 months | −0.9% |
| 1 year | −17.6% |
| 3 years | −19.3% |
| 5 years | −12.8% |
| 10 years | −18.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PSQ |
|---|---|---|
| 2026 YTD | −16.8% | |
| 2025 | −15.5% | |
| 2024 | −15.6% | |
| 2023 | −32.1% | |
| 2022 | +36.4% | |
| 2021 | −24.8% | |
| 2020 | −41.2% |
PSQ in the news
ETF.net Research hasn’t filed on PSQ yet — coverage lands here as it’s written.
PSQ Dividends
- 4.61%
- $1.14
- $0.23 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.23 |
| Mar 25, 2026 | Mar 31, 2026 | $0.15 |
| Dec 24, 2025 | Dec 31, 2025 | $0.40 |
| Sep 24, 2025 | Sep 30, 2025 | $0.36 |
| Jun 25, 2025 | Jul 1, 2025 | $0.40 |
| Mar 26, 2025 | Apr 1, 2025 | $0.34 |
| Dec 23, 2024 | Dec 31, 2024 | $0.70 |
| Sep 25, 2024 | Oct 2, 2024 | $0.68 |
| Jun 26, 2024 | Jul 3, 2024 | $0.76 |
| Mar 20, 2024 | Mar 27, 2024 | $0.54 |
| Dec 20, 2023 | Dec 28, 2023 | $0.95 |
| Sep 20, 2023 | Sep 27, 2023 | $0.72 |
PSQ Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 16.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.27
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −61.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PSQ Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
13 of the 53 Leveraged Inverse (2x & Other) funds charge less.