This ETF offers inverse exposure to an index comprised of the 100 largest nonfinancial securities on the NASDAQ, making it a potentially attractive option for investors looking to bet against this sector of the U.S. economy. It’s important to note that PSQ is designed to deliver inverse results over a single trading session, with exposure resetting on a monthly basis. Investors considering this ETF should understand how that nuance impacts the risk/return profile, and realize the potential for “return erosion” in volatile markets. PSQ should definitely not be found in a long-term, buy-and-hold portfolio, but may be a useful tool for more active investors looking to either hedge existing exposure or bet on a decline in the top nonfinancial NASDAQ securities. Investors also have the option of simply selling short a traditional NASDAQ fund, though that strategy will generally involve greater potential losses than utilizing an inverse ETF.
| Segment | Inverse Equity: U.S. - Large Cap |
| Category | Size and Style |
| Focus | Large Cap |
| Niche | Broad-based |
| Strategy | Exchange-specific |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| PSQ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 8 | 3 | 6 |
| % of Assets in Top 10 | 100.00% | 94.71% | 109.38% |
| % of Assets in Top 15 | 100.00% | 93.90% | 105.14% |
| % of Assets in Top 50 | 100.00% | 93.06% | 100.00% |
| PSQ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 0.00% | N/A |
| Mid (>2.7B) | N/A | -0.03% | N/A |
| Small (>600M) | N/A | 0.00% | N/A |
| Micro (<600M) | N/A | 0.00% | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| PSQ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.76 | $ 0.41 | $ 0.41 |
| Dividend Date | 2024-06-26 | N/A | N/A |
| Annual Dividend Rate | $ 1.63 | $ 0.82 | $ 1.09 |
| Annual Dividend Yield | 3.85% | 5.09% | 5.87% |
View charts featuring PSQ price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 35.75 M 1 Month Net Flows: 163.31 M 3 Month Net Flows: 154.65 M 6 Month Net Flows: 167.94 M 1 Year Net Flows: -104.95 M 3 Year Net Flows: 476.42 M 5 Year Net Flows: 908.3 M 10 Year Net Flows: 1.64 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 51.66 MThe adjacent table gives investors an individual Realtime Rating for PSQ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Inverse Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
PSQ does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| PSQ |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -2.40% | -6.36% | -4.96% |
| 3 Month Return | -0.44% | -5.50% | -5.31% |
| YTD Return | -3.14% | -16.69% | -12.58% |
| 1 Year Return | -9.84% | -23.59% | -23.30% |
| 3 Year Return | -5.37% | -14.07% | -14.47% |
| 5 Year Return | -18.87% | -24.16% | -25.92% |
The following charts reflect the geographic spread of PSQ's underlying holdings.
The following charts reflect the allocation of PSQ's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 200.32% |
| 20 Day Volatility | 22.22% |
| 50 Day Volatility | 23.47% |
| 200 Day Volatility | 19.68% |
| Beta | -1.05 |
| Standard Deviation | 2.90% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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