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EEV vs PSQ

ProShares UltraShort MSCI Emerging Markets

EEVCNYSE Arca

ProShares Short QQQ

PSQBNYSE Arca

Overlap

Expense ratio

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

EEV0.95%PSQ0.95%

Avg volume · 30D

PSQ 429.0×the volume

EEV30.3KPSQ13M

10Y return · a year

PSQ +3.4pt

EEV−21.4%PSQ−18.0%

EEV vs PSQ Performance

Nov 2, 2021 – Nov 2, 2026

−57.0%EEV−41.5%PSQ

Nov 2, 2021 to Nov 2, 2026. EEV −57.0%. PSQ −41.5%. Use the arrow keys to read each point.−75%−25%0%25%50%75%Nov 2021May 2024Nov 2026
Expense ratio
EEV 0.95%
PSQ 0.95%
Fund size
EEV $3M
PSQ $611M
1Y total return
EEV −29.5%
PSQ −5.7%, better
Yield (12M)
EEV 6.29%, better
PSQ 3.85%
Holdings
EEV 2
PSQ 4
Avg volume (30D)
EEV 30.3K sh
PSQ 13M sh, better
NAV per share
EEV $12.64
PSQ $26.64
52W range

ETF.net Grade

EEV: Cost 50, Risk 35, Mission not scored, Tradability 49, Holdings 55, Durability 41. PSQ: Cost 50, Risk 60, Mission 98, Tradability 98, Holdings 55, Durability 72.
Pillar letters and Scores for EEV, PSQ, with each pillar’s weight
PillarEEVPSQ
Cost30% weightC50C50
Mission25% weightNot scoredA98
Risk15% weightD35B60Higher
Tradability15% weightC49A98Higher
Holdings10% weightB55B55
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. EEV 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 EEV 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 32CBZQProShares UltraShort MSCI Brazil CappedScore 40
  5. Rank 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40
  6. Rank 32CEFUProShares UltraShort MSCI EAFEScore 40

Our read on each fund

ETF.net Research

EEVCProShares UltraShort MSCI Emerging Markets

PSQBProShares Short QQQ

In short

EEV The only -2x play on the MSCI Emerging Markets Index in a single ticker, running since 2007. The target resets every day, which makes it a short-horizon instrument rather than a set-and-forget short.

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

EEV The fund seeks before-fee and expense results equal to negative two times the daily performance of the MSCI Emerging Markets Index.

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

  • EEV ProShares runs this as the only -2x ETF tied to the MSCI Emerging Markets Index, so one ticker delivers exposure that would otherwise take swaps or a margin short.proshares.com
  • 0.95% net of a waiver through September 30, 2027 sits near the category median and level with ProShares siblings PSQ and DOG (also 0.95% net of waivers through that date).
  • Listed in 2007, a long-tenured piece of the ProShares inverse lineup rather than a recent launch chasing a theme.proshares.com
  • Want half the kick? Sibling EUM tracks the same index at -1x, also 0.95% net of a waiver through September 30, 2027.proshares.com
  • 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

  • EEV The -2x target applies to one day at a time. Over longer stretches, daily compounding takes over and results can differ substantially from -2x the index move.sec.gov
  • That 0.95% rests on a waiver running through September 30, 2027. The gross expense ratio behind it is 2.75%.
  • Thinly traded with a small asset base, so spreads can widen. Limit orders and position sizing matter more here than in the headline inverse funds.
  • 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 EEV profile⁠

Full PSQ profile⁠

EEV vs 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.

EEV vs PSQ Cost

Same expense ratio

$17,869

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

  • EEV 0.95%

    $17,869

  • PSQ 0.95%

    $17,869

$10,000
30 years

Cost over time

  • EEV 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$20K051015202530EEV $17,869PSQ $17,869

Year by year

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

Expense ratio

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

EEV 6th cheapest of 53 funds

PSQ 6th cheapest of 53 funds

EEV vs PSQ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EEV 6.29%, better
PSQ 3.85%
Payout (12M)
EEV $0.79
PSQ $1.04
Last payment
EEV $0.19
PSQ $0.26
Ex-dividend
EEV Sep 23, 2026
PSQ Sep 23, 2026
Paid on
EEV Sep 29, 2026
PSQ Sep 29, 2026
Frequency
EEV Quarterly
PSQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EEVQuarterly · 10 paymentsAll EEV payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Mar 20, 2024 $0.28; Jun 26, 2024 $0.34; Dec 23, 2024 $0.49; Mar 26, 2025 $0.22; Jun 25, 2025 $0.26; Sep 24, 2025 $0.25; Dec 24, 2025 $0.27; Mar 25, 2026 $0.02; Jun 24, 2026 $0.31; Sep 23, 2026 $0.19. 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

EEV vs PSQ Risk

Fall from peak · 5 years

  • EEV
  • PSQ
Nov 2, 2021 to Nov 2, 2026. Worst fall: EEV −82.0% · Jun 2026. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
EEV 31.0%PSQ 16.8%, better
Return per unit of riskSharpe ratio, 3 years
EEV −1.31, betterPSQ −1.33
Worst fallMax drawdown, 5 years
EEV −82.0%PSQ −61.5%, better
Market sensitivityBeta, 5 years
EEV −1.43PSQ −1.18

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