SPXSvsPSQETF Comparison
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Direxion Daily S&P 500 Bear 3X Shares (SPXS) and ProShares Short QQQ ETF (PSQ) belong to the same industry segment: Inverse Equity. SPXS is more expensive with a Total Expense Ratio (TER) of 1.04%, versus 1% for PSQ. SPXS is down -29.97% year-to-date (YTD) with +$113M in YTD flows. PSQ performs better with -14.69% YTD performance, and +$166M in YTD flows. Run a side-by-side ETF comparison of SPXS 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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SPXS vs PSQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXS PSQ | -1.67%+1.85% | -10.67%-6.23% | -29.97%-14.69% | -28.11%-11.56% | -84.19%-47.65% | -85.05%-46.10% |
| Flows | SPXS PSQ | -$24M-$10M | +$10M-$142M | +$113M+$166M | +$32M+$161M | +$512M+$29M | +$989M+$673M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXS PSQ | +33.06%+18.93% | +37.59%+19.94% | +44.56%+20.55% | +50.81%+23.23% |
| Max drawdown | SPXS PSQ | -17.54%-12.43% | -46.32%-26.61% | -84.73%-50.09% | -90.82%-61.86% |
| Max drawdown duration | SPXS PSQ | 91d91d | 212d212d | 1094d1094d | 1595d1473d |
Trading data
SPXS | PSQ | |
Last sale 10/29/2026 at 4:36 PM | $24.36 | $25.74 |
| Previous close 10/28/2026 | $24.01 | $25.36 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 29, 2026
1-year trailing difference
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SPXS | PSQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/29/2026 at 4:36 PM
Live
Closed
SPXS | PSQ | |
|---|---|---|
| Last price | $24.36 | $25.74 |
| 1D performance | +1.46% | +1.50% |
| AuM | $314.53 M | $593.16 M |
| E/R | 1.04% | 1% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXS and PSQ
How have the SPXS and PSQ ETFs performed in 2026?
As of October 28, 2026, SPXS is down -29.97% year-to-date (YTD), while PSQ has lost -14.69%. That puts PSQ better performer ahead so far this year.
Which ETF is attracting more investor money: SPXS or PSQ?
Year-to-date, the SPXS ETF saw +$113M in flows, compared to +$166M for PSQ.
Which ETF is more volatile: SPXS or PSQ?
Over the past year, SPXS had a volatility of 37.59%, while PSQ experienced 19.94%.
Which ETF is bigger: SPXS or PSQ?
As of October 28, 2026, SPXS holds $314.53 M in assets under management (AUM), while PSQ manages $593.16 M.
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