PSQvsSPDNETF Comparison
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ProShares Short QQQ ETF (PSQ) and Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) belong to the same industry segment: Inverse Equity. PSQ is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.54% for SPDN. PSQ is down -13.91% year-to-date (YTD) with +$204M in YTD flows. SPDN performs better with -7.82% YTD performance, and +$121M in YTD flows. Run a side-by-side ETF comparison of PSQ and SPDN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PSQ vs SPDN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQ SPDN | +3.57%+1.44% | -2.47%-1.99% | -13.91%-7.82% | -13.66%-8.39% | -45.48%-35.30% | -46.92%-32.15% |
| Flows | PSQ SPDN | -$163M+$65M | -$13M+$72M | +$204M+$121M | +$195M+$197M | +$282M+$215M | +$645M+$316M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQ SPDN | +18.83%+10.97% | +19.81%+12.54% | +20.57%+14.91% | +23.19%+17.22% |
| Max drawdown | PSQ SPDN | -12.43%-6.04% | -26.61%-17.44% | -50.86%-39.28% | -61.86%-44.82% |
| Max drawdown duration | PSQ SPDN | 82d82d | 203d203d | 1089d1086d | 1464d1468d |
Trading data
PSQ | SPDN | |
Last sale 10/20/2026 at 5:49 PM | $25.58 | $8.43 |
| Previous close 10/19/2026 | $25.60 | $8.47 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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PSQ | SPDN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/20/2026 at 5:49 PM
Live
Closed
PSQ | SPDN | |
|---|---|---|
| Last price | $25.58 | $8.43 |
| 1D performance | -0.08% | -0.47% |
| AuM | $635.72 M | $287.49 M |
| E/R | 1% | 0.54% |
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Exposure
Exposure data will be available soon
Frequently asked questions about PSQ and SPDN
How have the PSQ and SPDN ETFs performed in 2026?
As of October 19, 2026, PSQ is down -13.91% year-to-date (YTD), while SPDN has lost -7.82%. That puts SPDN better performer ahead so far this year.
Which ETF is attracting more investor money: PSQ or SPDN?
Year-to-date, the PSQ ETF saw +$204M in flows, compared to +$121M for SPDN.
Which ETF is more volatile: PSQ or SPDN?
Over the past year, PSQ had a volatility of 19.81%, while SPDN experienced 12.54%.
Which ETF is bigger: PSQ or SPDN?
As of October 19, 2026, PSQ holds $635.72 M in assets under management (AUM), while SPDN manages $287.49 M.
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