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PSQ vs SKRE

ProShares Short QQQ

PSQBNYSE Arca

Tuttle Capital Daily 2X Inverse Regional Banks ETF

SKREDNasdaq

Overlap

0.0%by weight

Expense ratio

SKRE −0.20pt a year

PSQ0.95%SKRE0.75%

Avg volume · 30D

PSQ 337.2×the volume

PSQ13MSKRE38.5K

PSQ vs SKRE Performance

Oct 31, 2025 – Oct 30, 2026

−7.0%PSQ−39.3%SKRE

Oct 31, 2025 to Oct 30, 2026. PSQ −7.0%. SKRE −39.3%. Use the arrow keys to read each point.−50%−30%−20%0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
PSQ 0.95%
SKRE 0.75%, better
Fund size
PSQ $611M
SKRE $5M
1Y total return
PSQ −7.0%, better
SKRE −39.3%
Yield (12M)
PSQ 3.90%, better
SKRE 0.35%
Holdings
PSQ 4
SKRE 2
Avg volume (30D)
PSQ 13M sh, better
SKRE 38.5K sh
NAV per share
PSQ $26.64
SKRE $6.48
52W range

ETF.net Grade

PSQ: Cost 50, Risk 59, Mission 98, Tradability 98, Holdings 55, Durability 72. SKRE: Cost 50, Risk 29, Mission 100, Tradability 29, Holdings not scored, Durability 25.
Pillar letters and Scores for PSQ, SKRE, with each pillar’s weight
PillarPSQSKRE
Cost30% weightC50C50
Mission25% weightA98A100Higher
Risk15% weightB59HigherD29
Tradability15% weightA98HigherD29
Holdings10% weightB55Not scored
Durability5% weightA72HigherD25

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 SKRE 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 SKRE 50th 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 50DSDDProShares UltraShort SmallCap600Score 38
  6. Rank 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  7. Rank 52DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 34

Our read on each fund

ETF.net Research

PSQBProShares Short QQQ

SKREDTuttle Capital Daily 2X Inverse Regional Banks 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.

SKRE Regional banks got their own wrecking ball. SKRE aims to deliver 2x the inverse of KRE's daily move in a single ticker, and it charges well under what the average leveraged bear fund asks.

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.

SKRE The Fund seeks to deliver daily inverse leveraged performance relative to the KRE ETF.

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.
  • SKRE One narrow job: 2x the inverse of the daily move in KRE, the regional-bank basket. No margin account, no borrow, no short-sale paperwork.
  • 0.75% a year, well below the typical leveraged bear fund and cheaper than category staples like PSQ and SVXY.
  • It has tracked its stated daily inverse target closely and sits in the upper half of the leveraged bear group. Trading since January 2024.

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.
  • SKRE Daily reset: the math starts fresh every session. Over longer stretches, compounding can pull results away from 2x KRE's move for the period.
  • A small fund that trades lightly next to the big inverse names, so spreads can widen. Limit orders earn their keep.
  • One sector, levered, inverse. Moves run large in both directions, and a rally in regional banks cuts the other way.

Full PSQ profile⁠

Full SKRE profile⁠

PSQ vs SKRE Holdings

How PSQ and SKRE differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%

Sector

No Sector split for SKRE.

Country, concentration and asset class

Country by domicile

No country split for SKRE.

Concentration

Weight in the 10 largest Holdings

  • PSQ115.2%
  • SKRE271.2%

Securities held

  • PSQ4
  • SKRE1

Asset class

PSQ
Equity
SKRE
Equity

Holdings

  • Only in PSQ4
  • In both0
  • Only in SKRE1

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%

Only in SKRE

1 security, 100% of SKRE by weight

  • Recv Skre Trs Kre Eq158.33%

Weight gaps

PSQ and SKRE share no securities.

All 17 PSQ holdings⁠All 5 SKRE 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 SKRE Cost

Overpaying PSQ vs SKRE

$3,387

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

  • PSQ 0.95%

    $17,869

  • SKRE 0.75%

    $14,482

$10,000
30 years

Cost over time

  • PSQ 0.95%
  • SKRE 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PSQ $17,869SKRE $14,482

Year by year

YearPSQSKREOverpaying
10$1,678$1,336$342
20$6,322$5,078$1,244
30$17,869$14,482$3,387

Expense ratio

  • 0.95%PSQ
  • 0.75%SKRE, cheaper
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

SKRE 3rd cheapest of 53 funds

PSQ 6th cheapest of 53 funds

PSQ vs SKRE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PSQ 3.90%, better
SKRE 0.35%
Payout (12M)
PSQ $1.04
SKRE $0.02
Last payment
PSQ $0.26
SKRE $0.02
Ex-dividend
PSQ Sep 23, 2026
SKRE Dec 24, 2025
Paid on
PSQ Sep 29, 2026
SKRE Dec 26, 2025
Frequency
PSQ Quarterly
SKRE Annual

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
SKREAnnual · 2 paymentsAll SKRE payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 24, 2024 $0.42; Dec 24, 2025 $0.02. Use the arrow keys to read each point.$0$12017202020232026YTD

PSQ vs SKRE 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%SKRE 41.0%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
PSQ −1.33SKRE −1.05since Feb 2024
Worst fallMax drawdown, 5 years
PSQ −61.5%SKRE −79.5%since Jan 2024
Market sensitivityBeta, 5 years
PSQ −1.18SKRE −1.59

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