SPDNvsPSQETF Comparison
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Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) and ProShares Short QQQ ETF (PSQ) belong to the same industry segment: Inverse Equity. SPDN is less expensive with a Total Expense Ratio (TER) of 0.54%, versus 1% for PSQ. SPDN is down -7.46% year-to-date (YTD) with +$120M in YTD flows. PSQ performs worse with -12.91% YTD performance, and +$210M in YTD flows. Run a side-by-side ETF comparison of SPDN and PSQ 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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SPDN vs PSQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPDN PSQ | -0.90%-0.52% | -0.35%+0.16% | -7.46%-12.91% | -9.41%-14.28% | -33.57%-43.35% | -32.39%-46.68% |
| Flows | SPDN PSQ | +$58M-$130M | +$65M+$5M | +$120M+$210M | +$195M+$202M | +$154M+$183M | +$318M+$641M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPDN PSQ | +11.08%+18.81% | +12.55%+19.79% | +14.92%+20.56% | +17.22%+23.18% |
| Max drawdown | SPDN PSQ | -6.04%-12.43% | -17.44%-26.61% | -39.28%-50.86% | -44.82%-61.86% |
| Max drawdown duration | SPDN PSQ | 79d79d | 200d200d | 1083d1086d | 1465d1461d |
Trading data
SPDN | PSQ | |
Last sale 10/16/2026 at 1:30 PM | $8.51 | $25.91 |
| Previous close 10/15/2026 | $8.41 | $25.26 |
| Consolidated volume 10/15/2026 | ||
| 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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SPDN | PSQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SPDN | PSQ | |
|---|---|---|
| Last price | $8.51 | $25.91 |
| 1D performance | +1.19% | +2.57% |
| AuM | $288.18 M | $649.58 M |
| E/R | 0.54% | 1% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPDN and PSQ
How have the SPDN and PSQ ETFs performed in 2026?
As of October 16, 2026, SPDN is down -7.46% year-to-date (YTD), while PSQ has lost -12.91%. That puts SPDN better performer ahead so far this year.
Which ETF is attracting more investor money: SPDN or PSQ?
Year-to-date, the SPDN ETF saw +$120M in flows, compared to +$210M for PSQ.
Which ETF is more volatile: SPDN or PSQ?
Over the past year, SPDN had a volatility of 12.55%, while PSQ experienced 19.79%.
Which ETF is bigger: SPDN or PSQ?
As of October 16, 2026, SPDN holds $288.18 M in assets under management (AUM), while PSQ manages $649.58 M.
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