PSQ vs TZA
ProShares Short QQQ compared with Direxion Daily Small Cap Bear 3X Shares on yield, payout growth, payment schedule, cost and risk.
PSQ
ProShares Short QQQ
TTM yield · Quarterly
TZA
Direxion Daily Small Cap Bear 3X Shares
TTM yield · Quarterly
Quick take
- TZA yields more today: 3.81% vs 3.55% (forward).
- PSQ has grown its payout faster: -7.4%/yr vs -34.6%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year PSQ delivered the higher total return: -18.2% vs -53.8% (price change plus payouts).
- PSQ is cheaper to own: 0.95% vs 0.99% expense ratio.
- PSQ has the steadier distribution: consistency 55/100 vs 33/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PSQ | TZA |
|---|---|---|
| Share price | $25.77 | $39.90 |
| TTM yield | 4.44% | 4.89% |
| Forward yield | 3.55% | 3.81% |
| Annual payout per share | $0.916 | $1.52 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 23, 2026 (est.) | Sep 22, 2026 (est.) |
| Expense ratio | 0.95% | 0.99% |
| 1-year payout growth | -46.1% | -62.9% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 55/100 | 33/100 |
| 1-year total return | -18.2% | -53.8% |
| 1-year price return | -21.7% | -55.9% |
| Size (market cap / AUM) | 635.6M | 235.1M |
| Years paying | 19.7 | 8.5 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| PSQ | TZA | |
|---|---|---|
| Shares | 388.0 | 250.6 |
| Income per year | $355 | $381 |
| Income per month (avg) | $30 | $32 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| PSQ Sep 23, 2026 | Oct 7, 2026 | $0.229 | Est. |
| PSQ Dec 23, 2026 | Jan 6, 2027 | $0.229 | Est. |
| PSQ Mar 24, 2027 | Apr 7, 2027 | $0.229 | Est. |
| TZA Sep 22, 2026 | Oct 6, 2026 | $0.38 | Est. |
| TZA Dec 22, 2026 | Jan 5, 2027 | $0.38 | Est. |
| TZA Mar 23, 2027 | Apr 6, 2027 | $0.38 | Est. |
Annual payouts per share
PSQTZA
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, PSQ or TZA?
TZA currently has the higher trailing yield: PSQ yields 4.44% and TZA yields 4.89%. Yield changes daily with price, so check the live figures above.
How often do PSQ and TZA pay?
PSQ pays every quarter and TZA pays every quarter. PSQ's next ex-date is Sep 23, 2026 and TZA's is Sep 22, 2026.
Which has grown its dividend faster, PSQ or TZA?
PSQ has grown its payout faster: -7.4%/yr vs -34.6%/yr over the last 3 years.
Is PSQ or TZA better for income?
It depends on what you are optimising for. PSQ and TZA differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.