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Beacon

PSQProShares Short QQQ

Take a bet20y track recordRanked #35 of 949 in this goal

Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100 Index.

By ProShares · Launched 2006

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$601M

#1,455 of 5,861 · large

Return (1Y)Goal

-15.2%

Track Record

20 years

#319 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$8,838-11.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETF
86.0%
United States of America
14.2%
United States of America
3.7%
Repurchase Agreement
1.7%
Repurchase Agreement
0.9%
Repurchase Agreement
0.9%
N/A
0.6%
Repurchase Agreement
0.5%
Repurchase Agreement
0.5%
Repurchase Agreement
0.4%

Asset allocation

Cash
131.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
19.4%Moderate

Year-on-year price swings

Max drawdown
-87.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.89Below average
Sortino (3Y)
-1.23Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100 Index.
Strategy
Invests in financial instruments to achieve inverse exposure to the Nasdaq-100 Index, which includes the largest Nasdaq-listed non-financial companies. The Fund rebalances daily to maintain its inverse exposure, aiming for daily investment results consistent with the Daily Target.
Inception date
June 19, 2006
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04