PSQ · ProShares Short QQQ
Issuer: ProShares
A U.S.-listed inverse ETF seeking -1x the DAILY performance of the Nasdaq-100 Index before fees and expenses. Its exposure resets each trading day, so compounding may cause longer-period returns to differ materially from the simple inverse of the index’s cumulative return. Primarily used for short-term bearish positioning or hedging; prolonged market rallies can cause persistent losses. As of November 2026, the gross expense ratio is 0.96%, reduced to 0.95% after a temporary waiver.
ETF · US ETF average
Long-term returns ★☆☆☆☆☆☆☆☆☆ Five-year cumulative total return near -42.6%.
Stability ★★☆☆☆☆☆☆☆☆ Five-year maximum price drawdown near 69.2%.
Costs ★★★☆☆☆☆☆☆☆ Gross expense ratio 0.96%; net 0.95% after waiver.
Upside potential ★★★★★★★☆☆☆ Best annual total return: +36.4% in 2022.
Liquidity ★★★★★★★★★☆ Average daily dollar turnover around $330 million.
Performance
1-month total return: 8%
1-year total return: -9%
5-year total return: -43%
Stability
1-month MDD: -6%
1-year MDD: -28%
5-year MDD: -69%