GVIP vs PSQ

Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and ProShares Short QQQ -1x Shares (PSQ, ETF).

5-Year PerformanceGVIP has outperformed PSQ, delivering a return of +12.1% compared to -12.4%

GVIP vs PSQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GVIP(ETF)	PSQ(ETF)
Net Assets	$599M	$601M
Expense Ratio	0.45%	0.95%
Max Drawdown	37.10%	98.65%
Sharpe Ratio	1.02	-1.20
5Y Beta	1.23	-1.25
P/E Ratio	62.12	N/A
Forward P/E	26.34	N/A
PEG Ratio	0.27	N/A
5Y Dividends CAGR	48.90%	N/A
5Y EPS CAGR	21.66%	N/A
P/S Ratio	4.51	N/A
P/B Ratio	7.19	N/A

Net Assets

GVIP

$599M

Winner

PSQ

$601M

Expense Ratio

Winner

GVIP

0.45%

PSQ

0.95%

Max Drawdown

Winner

GVIP

37.10%

PSQ

98.65%

Sharpe Ratio

Winner

GVIP

1.02

PSQ

-1.20

5Y Beta

GVIP

1.23

Winner

PSQ

-1.25

P/E Ratio

GVIP

62.12

PSQ

N/A

Forward P/E

GVIP

26.34

PSQ

N/A

PEG Ratio

GVIP

0.27

PSQ

N/A

5Y Dividends CAGR

GVIP

48.90%

PSQ

N/A

5Y EPS CAGR

GVIP

21.66%

PSQ

N/A

P/S Ratio

GVIP

4.51

PSQ

N/A

P/B Ratio

GVIP

7.19

PSQ

N/A

GVIP vs PSQ - Historical Returns

Returns include dividend reinvestment.

Period	GVIP	PSQ
1 month	-7.34%	+4.12%
3 months	+9.03%	-9.07%
6 months	+11.49%	-12.57%
1 year	+27.49%	-18.15%
5 years(CAGR)	+12.11%	-12.44%
10 years(CAGR)	+17.25%	-18.58%
Max(CAGR)	+17.25%	-16.53%

GVIP

-7.34%

Winner

PSQ

+4.12%

Winner

GVIP

+9.03%

PSQ

-9.07%

Winner

GVIP

+11.49%

PSQ

-12.57%

Winner

GVIP

+27.49%

PSQ

-18.15%

5Y(CAGR)

Winner

GVIP

+12.11%

PSQ

-12.44%

10Y(CAGR)

Winner

GVIP

+17.25%

PSQ

-18.58%

Max(CAGR)

Winner

GVIP

+17.25%

PSQ

-16.53%

GVIP vs PSQ - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	GVIP	PSQ
2026	+13.73%	-12.83%
2025	+24.18%	-15.73%
2024	+31.42%	-16.96%
2023	+40.11%	-32.52%
2022	-32.35%	+37.79%
2021	+13.57%	-25.87%
2020	+42.47%	-40.28%
2019	+29.65%	-27.28%
2018	-8.03%	-0.56%
2017	+24.67%	-24.11%
2016	+7.97%	-11.26%
2015	N/A	-12.46%
2014	N/A	-19.05%
2013	N/A	-26.35%
2012	N/A	-16.66%
2011	N/A	-8.36%
2010	N/A	-19.47%
2009	N/A	-37.79%
2008	N/A	+43.91%
2007	N/A	-11.62%
2006	N/A	-6.89%

GVIP vs PSQ Drawdown Comparison

The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.

The maximum drawdown for PSQ was -98.26%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current GVIP drawdown is -7.34%. The current PSQ drawdown is -98.17%.

Rank	GVIP	PSQ
#1	-37.09% Nov 16, 2021 - Feb 29, 2024	-98.26% Nov 20, 2008 - Jun 2, 2026
#2	-36.63% Feb 19, 2020 - Jul 20, 2020	-29.52% Jul 21, 2006 - Oct 2, 2008
#3	-23.29% Feb 14, 2025 - Jun 26, 2025	-16.58% Oct 27, 2008 - Nov 19, 2008
#4	-21.47% Sep 20, 2018 - Apr 10, 2019	-11.83% Oct 10, 2008 - Oct 15, 2008
#5	-13.67% Feb 2, 2026 - Apr 14, 2026	-8.47% Oct 15, 2008 - Oct 24, 2008
#6	-10.25% Jul 16, 2024 - Aug 19, 2024	-3.56% Jun 27, 2006 - Jul 10, 2006
#7	-10.02% Jun 22, 2026 - Jul 20, 2026	-1.64% Jul 14, 2006 - Jul 20, 2006
#8	-9.91% Apr 30, 2019 - Jul 26, 2019	-0.81% Jul 10, 2006 - Jul 12, 2006
#9	-9.66% Jan 26, 2018 - Mar 12, 2018	-0.32% Oct 7, 2008 - Oct 9, 2008
#10	-9.55% Jul 26, 2019 - Nov 18, 2019	-0.01% Jun 22, 2006 - Jun 27, 2006
#11	-9.08% Mar 12, 2018 - Jun 18, 2018	N/A
#12	-8.76% Sep 2, 2020 - Oct 13, 2020	N/A
#13	-7.59% Oct 13, 2020 - Nov 5, 2020	N/A
#14	-7.24% Oct 29, 2025 - Dec 10, 2025	N/A
#15	-7.10% Feb 16, 2021 - Apr 9, 2021	N/A

Correlation

Correlation between GVIP and PSQ is -0.82 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.82

-101

Dividend Comparison (2006 - 2026)

GVIP vs PSQ dividend yield comparison.

Year	GVIP	PSQ
2026	0.00%	1.47%
2025	0.34%	4.97%
2024	0.29%	7.15%
2023	0.77%	6.01%
2022	0.02%	0.35%
2020	0.12%	0.31%
2019	0.77%	1.75%
2018	0.44%	0.95%
2017	0.45%	0.02%
2016	0.08%	0.00%
2008	0.00%	6.68%
2007	0.00%	4.89%
2006	0.00%	1.56%