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PSQ vs SZK

ProShares Short QQQ

PSQBNYSE Arca

ProShares UltraShort Consumer Staples

SZKCNYSE Arca

Overlap

0.0%by weight

Expense ratio

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

PSQ0.95%SZK0.95%

Avg volume · 30D

PSQ 2710.6×the volume

PSQ13MSZK4.79K

10Y return · a year

SZK +0.5pt

PSQ−18.0%SZK−17.5%

PSQ vs SZK Performance

Oct 29, 2021 – Oct 30, 2026

−42.7%PSQ−11.1%SZK

Oct 29, 2021 to Oct 30, 2026. PSQ −42.7%. SZK −11.1%. Use the arrow keys to read each point.0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
PSQ 0.95%
SZK 0.95%
Fund size
PSQ $611M
SZK $1M
1Y total return
PSQ −7.0%, better
SZK −28.6%
Yield (12M)
PSQ 3.90%
SZK 6.68%, better
Holdings
PSQ 4
SZK 1
Avg volume (30D)
PSQ 13M sh, better
SZK 4.79K sh
NAV per share
PSQ $26.64
SZK $18.17
52W range

ETF.net Grade

PSQ: Cost 50, Risk 59, Mission 98, Tradability 98, Holdings 55, Durability 72. SZK: Cost 50, Risk 51, Mission not scored, Tradability 27, Holdings not scored, Durability 35.
Pillar letters and Scores for PSQ, SZK, with each pillar’s weight
PillarPSQSZK
Cost30% weightC50C50
Mission25% weightA98Not scored
Risk15% weightB59HigherC51
Tradability15% weightA98HigherD27
Holdings10% weightB55Not scored
Durability5% weightA72HigherD35

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 SZK 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 SZK 32nd 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 32CSMNProShares UltraShort MaterialsScore 40
  6. Rank 32CSZKProShares UltraShort Consumer StaplesScore 40
  7. Rank 32CYXIProShares Short FTSE China 50Score 40

Our read on each fund

ETF.net Research

PSQBProShares Short QQQ

SZKCProShares UltraShort Consumer Staples

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.

SZK The only -2x ETF pointed at a falling consumer staples sector, per ProShares, and it has held that slot since 2007. Soup, soap and razor blades, geared and flipped, reset every single day.

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.

SZK The fund seeks inverse exposure to the daily performance of the consumer staples sector, aiming to profit when that sector declines.

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.
  • SZK ProShares calls it the only -2x ETF designed to gain when the consumer staples sector falls on a given day. No crowd of copycats to compare it against.proshares.com
  • 0.95% net of a waiver through September 30, 2027, against 5.15% gross. Same net sticker as ProShares' big shorts DOG, PSQ and RWM, each 0.95% net of waivers to that same date.proshares.com
  • Trading since 2007, so the record spans the financial crisis and the 2020 crash. Inverse exposure arrives through one ticker in a brokerage account, no borrow to locate.proshares.com

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.
  • SZK The -2x target applies to a single day. Hold longer and compounding takes over: results can land well away from -2x the index move over that stretch, especially in choppy tape.proshares.com
  • A small, thinly traded fund. The spread you cross and the order type you use carry more weight here than in the heavily traded index shorts.
  • That 0.95% rests on a contractual waiver through September 30, 2027. Gross expenses run 5.15%, the math of a small fund spreading fixed costs over few assets.proshares.com

Full PSQ profile⁠

Full SZK profile⁠

PSQ vs SZK Holdings

How PSQ and SZK differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%

Sector

No Sector split for SZK.

Country, concentration and asset class

Country by domicile

No country split for SZK.

Concentration

Weight in the 10 largest Holdings

  • PSQ115.2%
  • SZK100.0%

Securities held

  • PSQ4
  • SZK0

Asset class

PSQ
Equity
SZK
Equity

Holdings

  • Only in PSQ4
  • In both0
  • Only in SZK0

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 SZK

0 securities, 0.0% of SZK by weight

Weight gaps

PSQ and SZK share no securities.

All 17 PSQ holdings⁠All 5 SZK 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 SZK 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

  • SZK 0.95%

    $17,869

$10,000
30 years

Cost over time

  • PSQ 0.95%
  • SZK 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 $17,869SZK $17,869

Year by year

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

Expense ratio

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

PSQ 6th cheapest of 53 funds

SZK 6th cheapest of 53 funds

PSQ vs SZK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PSQ 3.90%
SZK 6.68%, better
Payout (12M)
PSQ $1.04
SZK $1.21
Last payment
PSQ $0.26
SZK $0.83
Ex-dividend
PSQ Sep 23, 2026
SZK Sep 23, 2026
Paid on
PSQ Sep 29, 2026
SZK Sep 29, 2026
Frequency
PSQ Quarterly
SZK 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
SZKQuarterly · 23 paymentsAll SZK payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.12; Sep 26, 2018 $0.30; Dec 26, 2018 $0.31; Mar 20, 2019 $0.33; Jun 25, 2019 $0.43; Sep 25, 2019 $0.48; Dec 24, 2019 $0.22; Mar 25, 2020 $0.07; Mar 22, 2023 $0.05; Jun 21, 2023 $0.43; Sep 20, 2023 $0.39; Dec 20, 2023 $0.36; Mar 20, 2024 $0.33; Jun 26, 2024 $0.52; Sep 25, 2024 $0.25; Dec 23, 2024 $0.37; Mar 26, 2025 $0.19; Jun 25, 2025 $0.15; Sep 24, 2025 $0.20; Dec 24, 2025 $0.21; Mar 25, 2026 $0.05; Jun 24, 2026 $0.13; Sep 23, 2026 $0.83. Use the arrow keys to read each point.$0$12017202020232026YTD

PSQ vs SZK Risk

Fall from peak · 5 years

  • PSQ
  • SZK
Oct 29, 2021 to Oct 30, 2026. Worst fall: PSQ −61.5% · Oct 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PSQ 16.8%, betterSZK 25.9%
Return per unit of riskSharpe ratio, 3 years
PSQ −1.33SZK −0.70, better
Worst fallMax drawdown, 5 years
PSQ −61.5%SZK −43.0%, better
Market sensitivityBeta, 5 years
PSQ −1.18SZK −0.85

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