PSQ vs GVIP

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

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

PSQ vs GVIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

PSQ

$601M

GVIP

$599M

Expense Ratio

PSQ

0.95%

Winner

GVIP

0.45%

Max Drawdown

PSQ

98.65%

Winner

GVIP

37.10%

Sharpe Ratio

PSQ

-1.20

Winner

GVIP

1.02

5Y Beta

Winner

PSQ

-1.25

GVIP

1.23

P/E Ratio

PSQ

N/A

GVIP

62.12

Forward P/E

PSQ

N/A

GVIP

26.34

PEG Ratio

PSQ

N/A

GVIP

0.27

5Y Dividends CAGR

PSQ

N/A

GVIP

48.90%

5Y EPS CAGR

PSQ

N/A

GVIP

21.66%

P/S Ratio

PSQ

N/A

GVIP

4.51

P/B Ratio

PSQ

N/A

GVIP

7.19

PSQ vs GVIP - Historical Returns

Returns include dividend reinvestment.

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

Winner

PSQ

+4.12%

GVIP

-7.34%

PSQ

-9.07%

Winner

GVIP

+9.03%

PSQ

-12.57%

Winner

GVIP

+11.49%

PSQ

-18.15%

Winner

GVIP

+27.49%

5Y(CAGR)

PSQ

-12.44%

Winner

GVIP

+12.11%

10Y(CAGR)

PSQ

-18.58%

Winner

GVIP

+17.25%

Max(CAGR)

PSQ

-16.53%

Winner

GVIP

+17.25%

PSQ vs GVIP - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

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

PSQ vs GVIP Drawdown Comparison

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

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

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

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

Correlation

Correlation between PSQ and GVIP 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)

PSQ vs GVIP dividend yield comparison.

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