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BTCZ vs PSQ

T-Rex 2X Inverse Bitcoin Daily Target ETF

BTCZCCboe

ProShares Short QQQ

PSQBNYSE Arca

Overlap

0.0%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

BTCZ0.95%PSQ0.95%

Avg volume · 30D

BTCZ 1.4×the volume

BTCZ18.5MPSQ13M

BTCZ vs PSQ Performance

Oct 31, 2025 – Nov 2, 2026

+16.6%BTCZ−5.7%PSQ

Oct 31, 2025 to Nov 2, 2026. BTCZ +16.6%. PSQ −5.7%. Use the arrow keys to read each point.50%75%100%125%150%Oct 2025May 2026Nov 2026
Expense ratio
BTCZ 0.95%
PSQ 0.95%
Fund size
BTCZ $12M
PSQ $611M
1Y total return
BTCZ +16.6%, better
PSQ −5.7%
Yield (12M)
BTCZ 0.03%
PSQ 3.85%, better
Holdings
BTCZ 2
PSQ 4
Avg volume (30D)
BTCZ 18.5M sh, better
PSQ 13M sh
NAV per share
BTCZ $3.44
PSQ $26.64
52W range

ETF.net Grade

BTCZ: Cost 50, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 30. PSQ: Cost 50, Risk 60, Mission 98, Tradability 98, Holdings 55, Durability 72.
Pillar letters and Scores for BTCZ, PSQ, with each pillar’s weight
PillarBTCZPSQ
Cost30% weightC50C50
Mission25% weightNot scoredA98
Risk15% weightD36B60Higher
Tradability15% weightC53A98Higher
Holdings10% weightNot scoredB55
Durability5% weightD30A72Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTCZ and PSQ are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

PSQ ranks 1st and BTCZ 26th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  4. Rank 25CETHDProShares UltraShort Ether ETFScore 47
  5. Rank 26CBTCZT-Rex 2X Inverse Bitcoin Daily Target ETFScore 46
  6. Rank 27CEPVProShares UltraShort FTSE EuropeScore 44

Our read on each fund

ETF.net Research

BTCZCT-Rex 2X Inverse Bitcoin Daily Target ETF

PSQBProShares Short QQQ

In short

BTCZ No data

PSQ The plain short on the Nasdaq-100: PSQ aims for -1x the index's daily move, with no leverage multiplier bolted on. It has been running since 2006, making it one of the original one-for-one bear tools.

Stated mandate

BTCZ No data

PSQ 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

BTCZ No data

  • PSQ ProShares bills it as the only -1x ETF built to profit when the Nasdaq-100's daily price falls. Sibling QID doubles the dose at -2x; PSQ stays one-for-one.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (0.96% gross), near the category median and the same net fee as -2x QID, also waived through September 30, 2027.
  • Among the most actively traded funds in the bear category, and one of the closest to its stated daily target in a peer group of 50-plus funds.

Worth knowing

BTCZ No data

  • PSQ The -1x goal resets daily. Over weeks or months, compounding means results can differ from -1x the index's move across that stretch, especially in choppy markets.sec.gov
  • Cheap for this corner of the market, pricey next to a broad index fund. The fee accrues every day you hold it, hedge or trade.
  • It cuts one way: when the Nasdaq-100 rises on the day, PSQ is designed to fall roughly in step.

Full BTCZ profile⁠

Full PSQ profile⁠

BTCZ vs PSQ Holdings

How BTCZ and PSQ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BTCZ and 0.0% of PSQ.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%

Sector

No Sector split for BTCZ.

Country, concentration and asset class

Country by domicile

No country split for BTCZ.

Concentration

Weight in the 10 largest Holdings

  • BTCZ300.0%
  • PSQ115.2%

Securities held

  • BTCZ1
  • PSQ4

Asset class

BTCZ
Equity
PSQ
Equity

Holdings

  • Only in BTCZ1
  • In both0
  • Only in PSQ4

Only in BTCZ

1 security, 8.2% of BTCZ by weight

  • First American Treasury Obligations Fund 01/01/20408.18%

Only in PSQ

4 securities, 100% of PSQ by weight

  • Proshares Genius Mny Mkt Etf74.06%
  • TREASURY BILL, 0%, due 2026-12-1017.97%
  • TREASURY BILL, 0%, due 2026-12-2917.93%

Weight gaps

BTCZ and PSQ share no securities.

All 3 BTCZ holdings⁠All 17 PSQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTCZ vs PSQ Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTCZ 0.95%

    $17,869

  • PSQ 0.95%

    $17,869

$10,000
30 years

Cost over time

  • BTCZ 0.95%
  • PSQ 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BTCZ $17,869PSQ $17,869

Year by year

YearBTCZPSQ
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%BTCZ
  • 0.95%PSQ
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

BTCZ 6th cheapest of 53 funds

PSQ 6th cheapest of 53 funds

BTCZ vs PSQ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BTCZ 0.03%
PSQ 3.85%, better
Payout (12M)
BTCZ $0.001
PSQ $1.04
Last payment
BTCZ $0.001
PSQ $0.26
Ex-dividend
BTCZ Dec 24, 2025
PSQ Sep 23, 2026
Paid on
BTCZ No data
PSQ Sep 29, 2026
Frequency
BTCZ Annual
PSQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BTCZAnnual · 2 paymentsAll BTCZ payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 24, 2024 $0.005; Dec 24, 2025 $0.001. Use the arrow keys to read each point.$0$12017202020232026YTD
PSQQuarterly · 26 paymentsAll PSQ payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.03; Mar 21, 2018 $0.20; Jun 20, 2018 $0.39; Sep 26, 2018 $0.51; Dec 26, 2018 $0.53; Mar 20, 2019 $0.51; Jun 25, 2019 $0.66; Sep 25, 2019 $0.57; Dec 24, 2019 $0.41; Mar 25, 2020 $0.22; Dec 22, 2022 $0.25; Mar 22, 2023 $0.46; Jun 21, 2023 $0.72; Sep 20, 2023 $0.72; Dec 20, 2023 $0.95; Mar 20, 2024 $0.54; Jun 26, 2024 $0.76; Sep 25, 2024 $0.68; Dec 23, 2024 $0.70; Mar 26, 2025 $0.34; Jun 25, 2025 $0.40; Sep 24, 2025 $0.36; Dec 24, 2025 $0.40; Mar 25, 2026 $0.15; Jun 24, 2026 $0.23; Sep 23, 2026 $0.26. Use the arrow keys to read each point.$0$12017202020232026YTD

BTCZ vs PSQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCZ 85.5%since Aug 2024PSQ 16.8%
Return per unit of riskSharpe ratio, 3 years
BTCZ −0.47since Aug 2024PSQ −1.33
Worst fallMax drawdown, 5 years
BTCZ −91.1%since Jul 2024PSQ −61.5%
Market sensitivityBeta, 5 years
BTCZ −1.36PSQ −1.18

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