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BZQ vs PSQ

ProShares UltraShort MSCI Brazil Capped

BZQCNYSE Arca

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.

BZQ0.95%PSQ0.95%

Avg volume · 30D

PSQ 1244.2×the volume

BZQ10.4KPSQ13M

10Y return · a year

PSQ +14.8pt

BZQ−32.8%PSQ−18.0%

BZQ vs PSQ Performance

Nov 2, 2021 – Nov 2, 2026

−84.3%BZQ−41.5%PSQ

Nov 2, 2021 to Nov 2, 2026. BZQ −84.3%. PSQ −41.5%. Use the arrow keys to read each point.−25%0%25%Nov 2021May 2024Nov 2026
Expense ratio
BZQ 0.95%
PSQ 0.95%
Fund size
BZQ $2M
PSQ $611M
1Y total return
BZQ −35.0%
PSQ −5.7%, better
Yield (12M)
BZQ 6.74%, better
PSQ 3.85%
Holdings
BZQ 1
PSQ 4
Avg volume (30D)
BZQ 10.4K sh
PSQ 13M sh, better
NAV per share
BZQ $21.30
PSQ $26.64
52W range

ETF.net Grade

BZQ: Cost 50, Risk 37, Mission not scored, Tradability 30, Holdings not scored, Durability 41. PSQ: Cost 50, Risk 60, Mission 98, Tradability 98, Holdings 55, Durability 72.
Pillar letters and Scores for BZQ, PSQ, with each pillar’s weight
PillarBZQPSQ
Cost30% weightC50C50
Mission25% weightNot scoredA98
Risk15% weightD37B60Higher
Tradability15% weightD30A98Higher
Holdings10% weightNot scoredB55
Durability5% weightC41A72Higher

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. BZQ 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 BZQ 32nd 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 31CJDSTDirexion Daily Junior Gold Miners Index Bear 2X ETFScore 41
  5. Rank 32CBZQProShares UltraShort MSCI Brazil CappedScore 40
  6. Rank 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40

Our read on each fund

ETF.net Research

BZQCProShares UltraShort MSCI Brazil Capped

PSQBProShares Short QQQ

In short

BZQ The only US ETF built to deliver twice the inverse of Brazil's large-cap index, and it has done that job since 2009. A one-day instrument, priced at 0.95% net of a waiver through September 30, 2027.

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

BZQ BZQ seeks daily results corresponding to two times the inverse performance of the MSCI Brazil 25/50 Index, before fees and expenses.

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

  • BZQ ProShares calls it the only -2x ETF designed to profit from declines in Brazilian stocks: one ticker instead of stacked single-name shorts or futures.proshares.com
  • 0.95% net of a waiver through September 30, 2027, near the category norm and level with ProShares' index shorts PSQ and DOG (each 0.95% net, waived to the same date).
  • Trading since June 2009, which covers several full Brazil boom-and-bust cycles. Old plumbing, well-worn mechanism.
  • The mandate is narrow and literal: -2x the daily move of the MSCI Brazil 25/50 Index, before fees and expenses. No manager calls, no hedging overlay.
  • 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

  • BZQ The objective resets daily. Hold past a day and compounding takes over, so longer-run results can drift well away from -2x, especially when Brazil whipsaws.proshares.com
  • Gross expenses run 2.71%; the 0.95% net depends on a waiver running through September 30, 2027.
  • Assets are small and trading is light for the category, so bid-ask spreads and order size matter more here than in a large index short.
  • 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 BZQ profile⁠

Full PSQ profile⁠

BZQ vs PSQ Holdings

How BZQ and PSQ differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%

Sector

No Sector split for BZQ.

Country, concentration and asset class

Country by domicile

No country split for BZQ.

Concentration

Weight in the 10 largest Holdings

  • BZQ100.0%
  • PSQ115.2%

Securities held

  • BZQ0
  • PSQ4

Asset class

BZQ
Equity
PSQ
Equity

Holdings

  • Only in BZQ0
  • In both0
  • Only in PSQ4

Only in BZQ

0 securities, 0.0% of BZQ by weight

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

BZQ and PSQ share no securities.

All 9 BZQ 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.

BZQ vs PSQ Cost

Same expense ratio

$17,869

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

  • BZQ 0.95%

    $17,869

  • PSQ 0.95%

    $17,869

$10,000
30 years

Cost over time

  • BZQ 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$20K051015202530BZQ $17,869PSQ $17,869

Year by year

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

Expense ratio

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

BZQ 6th cheapest of 53 funds

PSQ 6th cheapest of 53 funds

BZQ vs PSQ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BZQ 6.74%, better
PSQ 3.85%
Payout (12M)
BZQ $1.46
PSQ $1.04
Last payment
BZQ $0.30
PSQ $0.26
Ex-dividend
BZQ Sep 23, 2026
PSQ Sep 23, 2026
Paid on
BZQ Sep 29, 2026
PSQ Sep 29, 2026
Frequency
BZQ Quarterly
PSQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BZQQuarterly · 22 paymentsAll BZQ payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 26, 2018 $1.61; Mar 20, 2019 $1.65; Jun 25, 2019 $1.46; Sep 25, 2019 $1.81; Dec 24, 2019 $1.31; Mar 25, 2020 $0.30; Dec 22, 2022 $0.18; Mar 22, 2023 $0.39; Jun 21, 2023 $0.47; Sep 20, 2023 $0.45; Dec 20, 2023 $0.50; Mar 20, 2024 $0.30; Jun 26, 2024 $0.40; Sep 25, 2024 $0.85; Dec 23, 2024 $0.95; Mar 26, 2025 $0.40; Jun 25, 2025 $0.35; Sep 24, 2025 $0.49; Dec 24, 2025 $0.59; Mar 25, 2026 $0.25; Jun 24, 2026 $0.32; Sep 23, 2026 $0.30. Use the arrow keys to read each point.$0$22017202020232026YTD
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$22017202020232026YTD

BZQ vs PSQ Risk

Fall from peak · 5 years

  • BZQ
  • PSQ
Nov 2, 2021 to Nov 2, 2026. Worst fall: BZQ −90.7% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
BZQ 44.6%PSQ 16.8%, better
Return per unit of riskSharpe ratio, 3 years
BZQ −0.54, betterPSQ −1.33
Worst fallMax drawdown, 5 years
BZQ −90.7%PSQ −61.5%, better
Market sensitivityBeta, 5 years
BZQ −0.58PSQ −1.18

BZQ and PSQ in the news

All news⁠

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