ProShares Short QQQ (PSQ) Performance
PSQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.4% since Dec 31, 2025
- 1 year
- −11.3% total return
- 5 years
- −11.4% a year
- 10 years
- −18.1% a year
- Since first price
- −16.3% a year since 2006
PSQ trailing returns vs SPY, QQQ, AGG
| Period | PSQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.7% | +5.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.0% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.8% | −8.6% | +7.8% | +8.4% | −1.5% |
| YTD | −11.4% | −13.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.3% | −14.6% | +14.4% | +15.9% | −1.1% |
| 3 years | −44.5%−17.8%/yr | −52.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −45.5%−11.4%/yr | −55.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −86.4%−18.1%/yr | −89.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −94.8%−17.8%/yr | −95.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | −97.1%−16.2%/yr | −98.0% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 21, 2006 | −97.3%−16.3%/yr | −98.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSQ vs SPY
From Jun 21, 2006: PSQ grew to $270, SPY to $88,014.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSQ returns by calendar year
2 of 19 full years positive. Best 2008 (+46.6%), worst 2020 (−41.2%). 2026 is year to date.
PSQ annual returns table
| Year | PSQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.4% | −26.0% | +12.3% | +15.1% | −1.0% |
| 2025 | −15.5% | −34.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −15.7% | −22.5% | +24.9% | +25.6% | +1.3% |
| 2023 | −32.0% | −33.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +36.4% | −19.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −24.8% | −28.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −41.2% | −50.1% | +18.3% | +48.6% | +7.5% |
| 2019 | −27.5% | −30.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.3% | −18.4% | −4.6% | −0.1% | +0.1% |
| 2017 | −24.8% | −25.5% | +21.7% | +32.7% | +3.6% |
| 2016 | −9.4% | −22.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −12.2% | −17.1% | +1.2% | +9.4% | +0.5% |
| 2014 | −18.5% | −23.2% | +13.5% | +19.2% | +6.0% |
| 2013 | −28.6% | −27.1% | +32.3% | +36.6% | −2.0% |
| 2012 | −18.3% | −21.5% | +16.0% | +18.1% | +3.8% |
| 2011 | −9.7% | −16.9% | +1.9% | +3.4% | +7.7% |
| 2010 | −20.6% | −26.2% | +15.1% | +19.9% | +6.4% |
| 2009 | −40.2% | −47.5% | +26.4% | +54.7% | +3.0% |
| 2008 | +46.6% | −19.4% | −36.8% | −41.7% | +7.9% |
| 2007 | −11.5% | −20.5% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSQ largest drawdowns
Now 98.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 20, 2008 | −98.3% | Oct 6, 2026 | not yet | 17.9 years | 17.9 years so far |
| Jul 21, 2006 | −29.5% | Oct 31, 2007 | Oct 2, 2008 | 1.3 years | 2.2 years |
| Oct 27, 2008 | −16.6% | Nov 4, 2008 | Nov 19, 2008 | 8 days | 23 days |
| Oct 10, 2008 | −11.8% | Oct 13, 2008 | Oct 15, 2008 | 3 days | 5 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSQ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | −18.9% | −13.1% | −18.4% | −16.6% |
| Volatility (annualized) | 16.2% | 20.2% | 18.2% | 17.7% |
| Sharpe ratio | -1.47 | -0.77 | -1.15 | -1.00 |
| Sortino ratio | -1.53 | -0.97 | -1.32 | -1.20 |
| Best month | +8.2% | +14.4% | +14.4% | +14.8% |
| Worst month | −13.4% | −13.4% | −14.5% | −14.5% |
| Best 12 months | −1.2% | +36.4% | +36.4% | +54.2% |
| Worst 12 months | −26.9% | −32.0% | −45.3% | −45.3% |
| Positive months | 31% | 37% | 32% | 35% |
| Beta vs S&P 500 | -1.16 | -1.18 | -1.06 | — |
| Correlation with S&P 500 | -0.89 | -0.92 | -0.89 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −45.3% | −18.0% | +54.2% | 12% |
| 3-year (a year) | 209 | −31.6% | −17.5% | −2.5% | 0% |
| 5-year (a year) | 185 | −25.6% | −17.9% | −10.3% | 0% |
| 10-year (a year) | 125 | −21.5% | −18.0% | −14.1% | 0% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PSQ performance overview
ProShares Short QQQ (PSQ) returned −11.3% over the past year and −18.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned −16.3% a year, turning $10,000 into about $270. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.3%, from Nov 20, 2008 to Oct 6, 2026; the fund has not yet regained that high. PSQ finished 2 of its 19 full calendar years with a gain; the best year was 2008 (+46.6%) and the worst 2020 (−41.2%). Volatility has been 17.7% a year.
Related: PSQ chart, PSQ dividends. See the PSQ overview for the latest quote and fund facts.
PSQ performance FAQ
What is the PSQ return over the past year?
PSQ returned −11.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 14.6%.
What is the average annual return of PSQ?
PSQ has returned −11.4% a year over 5 years, −18.1% a year over 10 years, −16.3% a year since June 21, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PSQ be worth?
$10,000 invested in PSQ at its first recorded close on June 21, 2006 would be worth about $270 on October 23, 2026 with distributions reinvested.
What was the worst year for PSQ?
The worst calendar year was 2020, with a total return of −41.2%. The best was 2008 at +46.6%.
What is the biggest drawdown of PSQ?
The largest peak-to-trough decline was −98.3% between November 20, 2008 and October 6, 2026. It has not yet recovered to that high; it is 98.1% below its peak.
How volatile is PSQ?
Over the past 3 years PSQ had an annualized volatility of 16.2% and a Sharpe ratio of -1.47 (excess return over 1–3 month T-bills per unit of risk).