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PSQ vs SVIX

ProShares Short QQQ

PSQBNYSE Arca

-1x Short VIX Futures ETF

SVIXCCboe

Overlap

Expense ratio

PSQ −0.52pt a year

PSQ0.95%SVIX1.47%

Avg volume · 30D

PSQ 5.4×the volume

PSQ14MSVIX2.6M

3Y return · a year

SVIX +8.4pt

PSQ−15.9%SVIX−7.5%

PSQ vs SVIX Performance

Nov 7, 2025 – Nov 9, 2026

−8.7%PSQ+19.4%SVIX

Nov 7, 2025 to Nov 9, 2026. PSQ −8.7%. SVIX +19.4%. Use the arrow keys to read each point.−20%40%60%Nov 2025May 2026Nov 2026
Expense ratio
PSQ 0.95%, better
SVIX 1.47%
Fund size
PSQ $688M
SVIX $176M
1Y total return
PSQ −8.7%
SVIX +19.4%, better
Yield (12M)
PSQ 3.85%
SVIX No data
Holdings
PSQ 4
SVIX 2
Avg volume (30D)
PSQ 14M sh, better
SVIX 2.6M sh
NAV per share
PSQ $27.93
SVIX $20.42
52W range

ETF.net Grade

PSQ: Cost 50, Risk 64, Mission 91, Tradability 98, Holdings 42, Durability 72. SVIX: Cost 50, Risk 47, Mission not scored, Tradability 60, Holdings not scored, Durability 55.
Pillar letters and Scores for PSQ, SVIX, with each pillar’s weight
PillarPSQSVIX
Cost30% weightC50C50
Mission25% weightA91Not scored
Risk15% weightB64HigherC47
Tradability15% weightA98HigherB60
Holdings10% weightC42Not scored
Durability5% weightA72HigherB55

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 SVIX 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 SVIX 18th 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 14BSRSProShares UltraShort Real EstateScore 53
  5. Rank 18CSVIX-1x Short VIX Futures ETFScore 52
  6. Rank 18CTWMProShares UltraShort Russell2000Score 52

Our read on each fund

ETF.net Research

PSQBProShares Short QQQ

SVIXC-1x Short VIX Futures 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.

SVIX The undiluted short-volatility trade. SVIX aims for the full inverse of a VIX futures index for one day at a time, the dose the market's older short-vol ETF gave up when it halved its target back in 2018.

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.

SVIX SVIX seeks daily investment results corresponding to the Short VIX Futures Index for one day only. Its exposure is obtained through VIX futures and related instruments, with daily inverse performance and compounding effects.

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.
  • SVIX Full-strength short vol: SVIX targets -1x the daily move of the Short VIX Futures Index, while the long-running alternative (SVXY) has targeted only -0.5x since 2018.proshares.com
  • No futures account needed. The VIX futures exposure sits inside a commodity pool that trades in an ordinary brokerage account, and the fund is actively traded.
  • Rules, not a trader's hunch: exposure tracks a named benchmark, the Short VIX Futures Index, and resets every day.

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.
  • SVIX At 1.47% a year, the fee sits above the typical leveraged and inverse fund in its group. Part of the price of the full -1x wrapper.
  • Built for one day only. Daily resets compound, so a stretch of days can land far from -1x the index over that same stretch.
  • Short vol leans on calm markets and takes the pain when VIX futures spike. In 2018, one such spike led ProShares to cut its short-vol ETF's target exposure in half.sec.govproshares.com

Full PSQ profile⁠

Full SVIX profile⁠

PSQ vs SVIX 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 SVIX Cost

Overpaying SVIX vs PSQ

$7,987

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

  • PSQ 0.95%

    $17,869

  • SVIX 1.47%

    $25,856

$10,000
30 years

Cost over time

  • PSQ 0.95%
  • SVIX 1.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SVIX $25,856PSQ $17,869

Year by year

YearPSQSVIXOverpaying
10$1,678$2,541$863
20$6,322$9,353$3,031
30$17,869$25,856$7,987

Expense ratio

  • 0.95%PSQ, cheaper
  • 1.47%SVIX
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

PSQ 6th cheapest of 53 funds

SVIX 53rd cheapest of 53 funds

PSQ vs SVIX Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
PSQ 3.85%
SVIX No data
Payout (12M)
PSQ $1.04
SVIX None
Last payment
PSQ $0.26
SVIX No data
Ex-dividend
PSQ Sep 23, 2026
SVIX No data
Paid on
PSQ Sep 29, 2026
SVIX No data
Frequency
PSQ Quarterly
SVIX No data

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
SVIXAll SVIX payments⁠

No distribution history available.

PSQ vs SVIX 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%, betterSVIX 55.4%
Return per unit of riskSharpe ratio, 3 years
PSQ −1.33SVIX 0.19, better
Worst fallMax drawdown, 5 years
PSQ −61.5%SVIX −79.3%since Mar 2022
Market sensitivityBeta, 5 years
PSQ −1.19SVIX 2.95

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