TAXF vs PSQ

Comparison between AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF (TAXF, ETF) and ProShares Short QQQ -1x Shares (PSQ, ETF).

5-Year PerformanceTAXF has outperformed PSQ, delivering a return of +1.1% compared to -15.1%

TAXF vs PSQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TAXF(ETF)	PSQ(ETF)
Net Assets	$660M	$658M
Expense Ratio	0.27%	0.95%
Max Drawdown	15.69%	98.65%
Sharpe Ratio	1.20	-1.84
5Y Beta	0.03	-1.24
5Y Dividends CAGR	11.45%	49.20%

Net Assets

Winner

TAXF

$660M

PSQ

$658M

Expense Ratio

Winner

TAXF

0.27%

PSQ

0.95%

Max Drawdown

Winner

TAXF

15.69%

PSQ

98.65%

Sharpe Ratio

Winner

TAXF

1.20

PSQ

-1.84

5Y Beta

TAXF

0.03

Winner

PSQ

-1.24

5Y Dividends CAGR

TAXF

11.45%

Winner

PSQ

49.20%

TAXF vs PSQ - Historical Returns

Returns include dividend reinvestment.

Period	TAXF	PSQ
1 month	+1.54%	-4.69%
3 months	+1.42%	-19.52%
6 months	+2.34%	-16.82%
1 year	+7.70%	-26.08%
5 years(CAGR)	+1.08%	-15.11%
10 years(CAGR)	N/A	-20.07%
Max(CAGR)	+2.90%	-17.59%

Winner

TAXF

+1.54%

PSQ

-4.69%

Winner

TAXF

+1.42%

PSQ

-19.52%

Winner

TAXF

+2.34%

PSQ

-16.82%

Winner

TAXF

+7.70%

PSQ

-26.08%

5Y(CAGR)

Winner

TAXF

+1.08%

PSQ

-15.11%

10Y(CAGR)

TAXF

N/A

PSQ

-20.07%

Max(CAGR)

Winner

TAXF

+2.90%

PSQ

-17.59%

TAXF vs PSQ - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	TAXF	PSQ
2026	+1.94%	-16.41%
2025	+3.92%	-15.73%
2024	+2.02%	-17.77%
2023	+6.98%	-35.34%
2022	-9.59%	+37.41%
2021	+2.77%	-25.87%
2020	+5.37%	-40.36%
2019	+8.75%	-28.17%
2018	+0.64%	-1.37%
2017	N/A	-24.12%
2016	N/A	-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	+35.24%
2007	N/A	-15.37%
2006	N/A	-8.26%

TAXF vs PSQ Drawdown Comparison

The maximum drawdown for TAXF was -13.94%, occurring on Oct 26, 2022. Recovery took 1041 trading sessions.

The maximum drawdown for PSQ was -98.47%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current TAXF drawdown is -0.23%. The current PSQ drawdown is -98.46%.

Rank	TAXF	PSQ
#1	-13.94% Jul 19, 2021 - Sep 10, 2025	-98.47% Nov 20, 2008 - Jun 2, 2026
#2	-13.39% Mar 9, 2020 - Nov 23, 2020	-32.90% Jul 21, 2006 - Oct 7, 2008
#3	-2.93% Feb 27, 2026 - Mar 24, 2026	-16.58% Oct 27, 2008 - Nov 19, 2008
#4	-2.03% Feb 12, 2021 - May 25, 2021	-11.83% Oct 10, 2008 - Oct 15, 2008
#5	-1.58% Sep 4, 2019 - Dec 27, 2019	-8.47% Oct 15, 2008 - Oct 24, 2008
#6	-0.97% Sep 12, 2018 - Dec 4, 2018	-3.56% Jun 27, 2006 - Jul 10, 2006
#7	-0.55% Jun 10, 2021 - Jul 7, 2021	-1.64% Jul 14, 2006 - Jul 20, 2006
#8	-0.47% Jan 15, 2026 - Jan 30, 2026	-0.81% Jul 10, 2006 - Jul 12, 2006
#9	-0.43% Nov 11, 2025 - Nov 26, 2025	-0.32% Oct 7, 2008 - Oct 9, 2008
#10	-0.41% Nov 26, 2025 - Dec 23, 2025	-0.01% Jun 22, 2006 - Jun 27, 2006
#11	-0.32% Aug 15, 2019 - Aug 28, 2019	N/A
#12	-0.32% Sep 18, 2025 - Oct 1, 2025	N/A
#13	-0.30% Oct 24, 2025 - Nov 11, 2025	N/A
#14	-0.28% Jan 7, 2019 - Jan 14, 2019	N/A
#15	-0.27% Jan 31, 2020 - Feb 14, 2020	N/A

Correlation

Correlation between TAXF and PSQ is -0.78 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.78

-101

Dividend Comparison (2006 - 2026)

TAXF vs PSQ dividend yield comparison.

Year	TAXF	PSQ
2026	1.60%	0.61%
2025	3.68%	4.97%
2024	3.38%	5.99%
2023	2.93%	1.20%
2022	2.05%	0.07%
2021	1.58%	0.00%
2020	2.13%	0.06%
2019	2.64%	0.35%
2018	0.69%	0.19%
2017	0.00%	0.00%
2008	0.00%	0.33%
2007	0.00%	0.24%
2006	0.00%	0.08%