MYY vs PSQ

MYYCProShares Short MidCap400

PSQBProShares Short QQQ

In short

MYY The only -1x ETF built on the S&P MidCap 400, trading since 2006. One ticker, one dose of inverse exposure to America's mid caps, and a target that resets at every close.

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

MYY MYY seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400.

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

• MYY Inverse funds pile into the S&P 500, Nasdaq and Dow. MYY is the only -1x ETF designed to rise when the S&P MidCap 400 falls on the day, so the mid-cap slice gets its own ticker.proshares.com
• 0.95% net of a waiver through September 30, 2027, near the typical inverse-fund fee and level with stablemates DOG and PSQ (each 0.95% net of waivers through September 30, 2027).
• Short exposure without a margin account or a borrow: you buy and sell it like any stock, and it has been doing this job since 2006, a long run for a daily-reset product.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

• MYY The target is one day's inverse move, reset at each close. Hold longer and compounding takes over, so multi-day results can differ from -1x the index's move over that stretch.
• That 0.95% leans on a fee waiver running through September 30, 2027. The gross expense ratio underneath is 2.95%.
• Small and thinly traded next to the headline inverse names, so spreads and limit orders matter more. Sibling MZZ targets -2x of the same index, with bigger daily swings.proshares.com

• 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 MYY profile⁠

Full PSQ profile⁠