Skip to content
etf.net

PSQ vs QQQD

ProShares Short QQQ

PSQBNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

PSQ0.95%QQQD0.50%

Avg volume · 30D

PSQ 190.6×the volume

PSQ13MQQQD68.1K

PSQ vs QQQD Performance

Oct 31, 2025 – Oct 30, 2026

−7.0%PSQ−0.7%QQQD

Oct 31, 2025 to Oct 30, 2026. PSQ −7.0%. QQQD −0.7%. Use the arrow keys to read each point.10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
PSQ 0.95%
QQQD 0.50%, better
Fund size
PSQ $611M
QQQD $28M
1Y total return
PSQ −7.0%
QQQD −0.7%, better
Yield (12M)
PSQ 3.90%, better
QQQD 3.35%
Holdings
PSQ 4
QQQD 3
Avg volume (30D)
PSQ 13M sh, better
QQQD 68.1K sh
NAV per share
PSQ $26.64
QQQD $12.18
52W range

ETF.net Grade

PSQ: Cost 50, Risk 59, Mission 98, Tradability 98, Holdings 55, Durability 72. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for PSQ, QQQD, with each pillar’s weight
PillarPSQQQQD
Cost30% weightC50C50
Mission25% weightA98Not scored
Risk15% weightB59B67Higher
Tradability15% weightA98HigherC43
Holdings10% weightB55Not scored
Durability5% weightA72HigherD38

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 QQQD 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 QQQD 21st 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 21CEFZProShares Short MSCI EAFEScore 51
  6. Rank 21CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  7. Rank 23CZSLProShares UltraShort SilverScore 50

Our read on each fund

ETF.net Research

PSQBProShares Short QQQ

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

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.

QQQD Fading the Magnificent 7 without a leverage multiplier: QQQD aims for -100% of the Indxx Magnificent 7 Index's daily move, one-for-one, at 0.50% net of a waiver through September 1, 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.

QQQD The fund seeks daily investment results equal to 100% of the inverse performance of the Indxx Magnificent 7 Index, before fees and expenses.

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.
  • QQQD One-for-one inverse, not 2x or 3x. A 1% index gain is designed to show up as roughly a 1% fund loss that day, and the reverse on down days, with no leverage stacked on top.direxion.com
  • 0.50% net of a waiver through September 1, 2027, below the category median and below the 0.95% at PSQ and DOG (net of waivers through September 30, 2027).
  • Surgical target: the short exposure is to the Magnificent 7 basket itself, not a broad Nasdaq index where those seven names get diluted by dozens of others.direxion.com
  • Despite launching in 2024, it stands in the upper half of a crowded bear and inverse peer group.

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.
  • QQQD Exposure resets every day. Hold longer than a day and compounding means the result can drift from the simple inverse of the index's move over that stretch.direxion.com
  • Seven mega-caps drive everything. One earnings surprise or one AI headline can move the whole basket, with no other holdings to soften it.direxion.com
  • That 0.50% is a net figure. Gross expenses run 1.08%, so the cost picture shifts if the waiver is not extended past September 1, 2027.

Full PSQ profile⁠

Full QQQD profile⁠

PSQ vs QQQD 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 QQQD Cost

Overpaying PSQ vs QQQD

$7,890

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

  • PSQ 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • PSQ 0.95%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PSQ $17,869QQQD $9,979

Year by year

YearPSQQQQDOverpaying
10$1,678$900$778
20$6,322$3,460$2,862
30$17,869$9,979$7,890

Expense ratio

  • 0.95%PSQ
  • 0.50%QQQD, cheaper
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

QQQD cheapest of 53 funds

PSQ 6th cheapest of 53 funds

PSQ vs QQQD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PSQ 3.90%, better
QQQD 3.35%
Payout (12M)
PSQ $1.04
QQQD $0.41
Last payment
PSQ $0.26
QQQD $0.10
Ex-dividend
PSQ Sep 23, 2026
QQQD Sep 22, 2026
Paid on
PSQ Sep 29, 2026
QQQD Sep 29, 2026
Frequency
PSQ Quarterly
QQQD 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$12017202020232026YTD
QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Jun 25, 2024 $0.32; Sep 24, 2024 $0.41; Dec 23, 2024 $0.15; Mar 25, 2025 $0.13; Jun 24, 2025 $0.20; Sep 23, 2025 $0.08; Dec 23, 2025 $0.15; Mar 24, 2026 $0.08; Jun 23, 2026 $0.09; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$12017202020232026YTD

PSQ vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PSQ 16.8%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
PSQ −1.33QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
PSQ −61.5%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
PSQ −1.18QQQD −1.35

PSQ and QQQD in the news

All news⁠

Popular comparisons

  • PSQBvsDOGB

    ProShares Short QQQ · ProShares Short Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQDCvsDOGB

    Direxion Daily Magnificent 7 Bear 1X ETF · ProShares Short Dow30

    Expense ratio
    0.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSQBvsSVXYB

    ProShares Short QQQ · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQDCvsSVXYB

    Direxion Daily Magnificent 7 Bear 1X ETF · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSQBvsRWMB

    ProShares Short QQQ · ProShares Short Russell2000

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQDCvsRWMB

    Direxion Daily Magnificent 7 Bear 1X ETF · ProShares Short Russell2000

    Expense ratio
    0.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.