PSQvsTZAETF Comparison
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ProShares Short QQQ ETF (PSQ) and Direxion Daily Small Cap Bear 3x Shares ETF - USD (TZA) belong to the same industry segment: Inverse Equity. PSQ is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.99% for TZA. PSQ is down -12.91% year-to-date (YTD) with +$210M in YTD flows. TZA performs worse with -29.3% YTD performance, and +$72M in YTD flows. Run a side-by-side ETF comparison of PSQ and TZA 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 TZA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQ TZA | -0.52%+15.97% | +0.16%+30.24% | -12.91%-29.30% | -14.28%-31.89% | -43.35%-82.53% | -46.68%-78.88% |
| Flows | PSQ TZA | -$130M-$36M | +$5M-$16M | +$210M+$72M | +$202M+$14M | +$183M+$316M | +$641M-$11M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQ TZA | +18.81%+41.69% | +19.79%+54.18% | +20.56%+63.22% | +23.18%+67.33% |
| Max drawdown | PSQ TZA | -12.43%-15.18% | -26.61%-60.82% | -50.86%-89.93% | -61.86%-92.08% |
| Max drawdown duration | PSQ TZA | 79d42d | 200d330d | 1086d1083d | 1461d1583d |
Trading data
PSQ | TZA | |
Last sale 10/19/2026 at 1:30 PM | $25.60 | $51.05 |
| Previous close 10/16/2026 | $25.91 | $51.51 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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PSQ | TZA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PSQ | TZA | |
|---|---|---|
| Last price | $25.60 | $51.05 |
| 1D performance | -1.20% | -0.89% |
| AuM | $649.58 M | $251.69 M |
| E/R | 1% | 0.99% |
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Exposure
Exposure data will be available soon
Frequently asked questions about PSQ and TZA
How have the PSQ and TZA ETFs performed in 2026?
As of October 16, 2026, PSQ is down -12.91% year-to-date (YTD), while TZA has lost -29.3%. That puts PSQ better performer ahead so far this year.
Which ETF is attracting more investor money: PSQ or TZA?
Year-to-date, the PSQ ETF saw +$210M in flows, compared to +$72M for TZA.
Which ETF is more volatile: PSQ or TZA?
Over the past year, PSQ had a volatility of 19.79%, while TZA experienced 54.18%.
Which ETF is bigger: PSQ or TZA?
As of October 16, 2026, PSQ holds $649.58 M in assets under management (AUM), while TZA manages $251.69 M.
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