# PSQ (ProShares Short QQQ)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: PSQ returned +1.2% where its own daily promise gave −0.5%, 1.7 points over.

## Key facts

- PSQ, what QQQ did: −0.8%, as of Sep 11, 2026.
- PSQ, what −1 times a day gives: −0.5%, as of Sep 11, 2026.
- PSQ, what the fund returned: +1.2%, as of Sep 11, 2026.
- PSQ, the fund itself added: +1.7 pts, as of Sep 11, 2026.
- PSQ, net assets: $658m (source, as filed for May 31, 2026).
- PSQ, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## PSQ over each window to Sep 11, 2026

| Window | Fund | QQQ | -1x the move | Difference | QQQ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.7% | −1.2% | +1.2% | +0.5 pts | 13% |
| 3 months | +1.2% | −0.8% | +0.8% | +0.4 pts | 22% |
| 6 months | −16.5% | +20.7% | −20.7% | +4.2 pts | 22% |
| 1 year | −16.3% | +23.0% | −23.0% | +6.6 pts | 20% |
| 3 years | −42.6% | +95.1% | −95.1% | +52.5 pts | 20% |
| Since launch | −96.3% | +1673.9% | not meaningful over this window | not meaningful over this window | 21% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of QQQ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | QQQ moved −0.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | QQQ | ETFIQ |
| Segment | broad index, us large cap | ETFIQ |
| Net assets | $658m | source, as filed for May 31, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 22% annualized | ETFIQ |

## Questions

### Did PSQ return -1 times QQQ?

Over the window to Sep 11, 2026, QQQ moved −0.8% and PSQ returned +1.2%. 1 times that move is +0.8%, so the fund came out 0.4 points ahead of it.

### Why does PSQ not return -1 times over a year?

Because it resets daily. PSQ aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, PSQ, data as of Sep 11, 2026. https://etfiq.com/funds/PSQ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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