{"url":"https://etfiq.com/compare/leverage/psq-vs-sqqq","section":"compare","title":"PSQ vs SQQQ: which held to its multiple? | ETFIQ","description":"PSQ sets out to return -1 times QQQ each day and SQQQ -3 times. Over the three months to Sep 30, 2026 they finished +0.8 pts and \u22121.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, PSQ or SQQQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, PSQ finished 0.8 points from what its multiple implies and SQQQ finished 1.5 points from its own, so PSQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are PSQ and SQQQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the Nasdaq-100, PSQ at -1 times and SQQQ at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, PSQ or SQQQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window PSQ\u2019s moved at 19% annualized and SQQQ\u2019s at 19%, so PSQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold PSQ or SQQQ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, PSQ or SQQQ?","acceptedAnswer":{"@type":"Answer","text":"PSQ charges 0.95% a year and SQQQ charges 0.94%, so SQQQ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"PSQ vs SQQQ","item":"https://etfiq.com/compare/leverage/psq-vs-sqqq"}]},{"@type":"WebPage","name":"PSQ vs SQQQ: which held to its multiple?","description":"PSQ sets out to return -1 times QQQ each day and SQQQ -3 times. Over the three months to Sep 30, 2026 they finished +0.8 pts and \u22121.5 pts away.","url":"https://etfiq.com/compare/leverage/psq-vs-sqqq","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, PSQ finished 1.7 points over and SQQQ 3.4 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PSQ and SQQQ","description":"PSQ sets out to return -1 times QQQ each day and SQQQ -3 times. Over the three months to Sep 30, 2026 they finished +0.8 pts and \u22121.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/psq-vs-sqqq","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6747,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / PSQ vs SQQQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n PSQ vs SQQQ: which held to its multiple?\n\n Over three months against its own daily promise, PSQ finished 1.7 points over and SQQQ 3.4 points over.\n Copy this for sharing \n \n ProShares Short QQQ and ProShares UltraPro Short QQQ.\n\n Download as PDF \n\n \u22121.3% PSQ returned, 3 months \n \u22127.9% SQQQ returned, 3 months \n +0.8 pts PSQ from its stated multiple \n \u22121.5 pts SQQQ from its stated multiple \n\n ETFIQ Decay Resistance Score: SQQQ scores higher\n Did it keep up with its own dail","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/psq-vs-sqqq","a":{"ticker":"PSQ","name":"ProShares Short QQQ","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PSQ returned \u22121.3% where its own daily promise gave \u22123.0%, 1.7 points over.","url":"https://etfiq.com/funds/psq","key_facts":[{"label":"What QQQ did","value":"+2.1%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u22123.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22121.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$594m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"SQQQ","name":"ProShares UltraPro Short QQQ","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SQQQ returned \u22127.9% where its own daily promise gave \u221211.3%, 3.4 points over.","url":"https://etfiq.com/funds/sqqq","key_facts":[{"label":"What QQQ did","value":"+2.1%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u221211.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22127.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+3.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$2.1bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.94%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/psq-vs-sqqq"}