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PSQ vs QID

ProShares Short QQQ

PSQBNYSE Arca

ProShares UltraShort QQQ

QIDBNYSE Arca

Overlap

Expense ratio

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

PSQ0.95%QID0.95%

Avg volume · 30D

QID 2.2×the volume

PSQ13MQID28.3M

10Y return · a year

PSQ +19.2pt

PSQ−18.0%QID−37.2%

PSQ vs QID Performance

Oct 29, 2021 – Oct 30, 2026

−42.7%PSQ−78.4%QID

Oct 29, 2021 to Oct 30, 2026. PSQ −42.7%. QID −78.4%. Use the arrow keys to read each point.−25%0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
PSQ 0.95%
QID 0.95%
Fund size
PSQ $611M
QID $311M
1Y total return
PSQ −7.0%, better
QID −19.2%
Yield (12M)
PSQ 3.90%
QID 5.55%, better
Holdings
PSQ 4
QID 8
Avg volume (30D)
PSQ 13M sh
QID 28.3M sh, better
NAV per share
PSQ $26.64
QID $15.09
52W range

ETF.net Grade

PSQ: Cost 50, Risk 59, Mission 98, Tradability 98, Holdings 55, Durability 72. QID: Cost 50, Risk 34, Mission 98, Tradability 90, Holdings 55, Durability 71.
Pillar letters and Scores for PSQ, QID, with each pillar’s weight
PillarPSQQID
Cost30% weightC50C50
Mission25% weightA98A98
Risk15% weightB59HigherD34
Tradability15% weightA98HigherA90
Holdings10% weightB55B55
Durability5% weightA72HigherA71

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. PSQ and QID 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 3rd and QID 11th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 10BDXDProShares UltraShort Dow30Score 58
  6. Rank 11BQIDProShares UltraShort QQQScore 57
  7. Rank 12BSEFProShares Short FinancialsScore 56

Our read on each fund

ETF.net Research

PSQBProShares Short QQQ

QIDBProShares UltraShort QQQ

In 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.

QID One of ProShares' original geared funds, live since 2006: QID aims for two times the inverse of the Nasdaq-100's daily move, resetting every night. Fee is 0.95% net of a waiver through September 30, 2027.

Stated mandate

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.

QID The fund seeks daily investment results, before fees and expenses, corresponding to two times the inverse performance of the Nasdaq-100 Index.

Why people hold it

  • 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.
  • QID Day in, day out it lands close to its stated two-times-inverse target, one of the tighter implementations in the leveraged and inverse group.
  • Very actively traded, which matters when the holding period is measured in hours rather than years.
  • Same 0.95% net (waived through September 30, 2027) as single-short sibling PSQ, whose 0.95% net is waived to that same date, for twice the daily gear.
  • Trading since July 2006, through two decades of market cycles, and priced near the typical fee for leveraged and inverse funds.

Worth knowing

  • 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.
  • QID The mandate is one day only. Over longer stretches returns compound and usually differ from twice the inverse of the index, and volatility can hurt badly.sec.gov
  • ProShares' own filings say shareholders should actively manage and monitor these funds, as frequently as daily.sec.gov
  • Leverage runs both directions: a Nasdaq-100 that rises on the day moves this fund down about twice as much, before fees.

Full PSQ profile⁠

Full QID profile⁠

PSQ vs QID 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.

PSQ vs QID Cost

Same expense ratio

$17,869

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

  • PSQ 0.95%

    $17,869

  • QID 0.95%

    $17,869

$10,000
30 years

Cost over time

  • PSQ 0.95%
  • QID 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PSQ $17,869QID $17,869

Year by year

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

Expense ratio

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

PSQ 6th cheapest of 53 funds

QID 6th cheapest of 53 funds

PSQ vs QID Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PSQ 3.90%
QID 5.55%, better
Payout (12M)
PSQ $1.04
QID $0.84
Last payment
PSQ $0.26
QID $0.17
Ex-dividend
PSQ Sep 23, 2026
QID Sep 23, 2026
Paid on
PSQ Sep 29, 2026
QID Sep 29, 2026
Frequency
PSQ Quarterly
QID Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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$52017202020232026YTD
QIDQuarterly · 26 paymentsAll QID payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.81; Mar 21, 2018 $1.76; Jun 20, 2018 $2.70; Sep 26, 2018 $3.76; Dec 26, 2018 $4.92; Mar 20, 2019 $2.38; Jun 25, 2019 $4.14; Sep 25, 2019 $3.30; Dec 24, 2019 $2.09; Mar 25, 2020 $1.31; Dec 22, 2022 $0.19; Mar 22, 2023 $0.42; Jun 21, 2023 $0.67; Sep 20, 2023 $0.88; Dec 20, 2023 $1.03; Mar 20, 2024 $0.79; Jun 26, 2024 $0.78; Sep 25, 2024 $0.53; Dec 23, 2024 $0.51; Mar 26, 2025 $0.37; Jun 25, 2025 $0.28; Sep 24, 2025 $0.25; Dec 24, 2025 $0.37; Mar 25, 2026 $0.15; Jun 24, 2026 $0.15; Sep 23, 2026 $0.17. Use the arrow keys to read each point.$0$52017202020232026YTD

PSQ vs QID Risk

Fall from peak · 5 years

  • PSQ
  • QID
Oct 29, 2021 to Oct 30, 2026. Worst fall: QID −89.3% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PSQ 16.8%, betterQID 32.9%
Return per unit of riskSharpe ratio, 3 years
PSQ −1.33, betterQID −1.37
Worst fallMax drawdown, 5 years
PSQ −61.5%, betterQID −89.3%
Market sensitivityBeta, 5 years
PSQ −1.18QID −2.33

PSQ and QID in the news

All news⁠

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