SQQQ vs TSMZ
ProShares UltraPro Short QQQ compared with Direxion Daily TSM Bear 1X Shares on yield, payout growth, payment schedule, cost and risk.
SQQQ
ProShares UltraPro Short QQQ
TTM yield · Quarterly
TSMZ
Direxion Daily TSM Bear 1X Shares
TTM yield · Quarterly
Quick take
- SQQQ yields more today: 5.19% vs 3.76% (forward).
- Both pay every quarter.
- Over the last year TSMZ delivered the higher total return: -42.0% vs -47.8% (price change plus payouts).
- SQQQ is cheaper to own: 0.94% vs 1.01% expense ratio.
- TSMZ has the steadier distribution: consistency 52/100 vs 26/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SQQQ | TSMZ |
|---|---|---|
| Share price | $36.48 | $7.55 |
| TTM yield | 8.92% | 4.18% |
| Forward yield | 5.19% | 3.76% |
| Annual payout per share | $1.892 | $0.284 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 23, 2026 (est.) | Dec 22, 2026 (est.) |
| Expense ratio | 0.94% | 1.01% |
| 1-year payout growth | -63.8% | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 26/100 | 52/100 |
| 1-year total return | -47.8% | -42.0% |
| 1-year price return | -52.1% | -44.3% |
| Size (market cap / AUM) | 2.1B | 2.5M |
| Years paying | 10.6 | 1.8 |
| 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
| SQQQ | TSMZ | |
|---|---|---|
| Shares | 274.1 | 1,324.0 |
| Income per year | $519 | $376 |
| Income per month (avg) | $43 | $31 |
At forward yields, before taxes. Model SQQQ · Model TSMZ
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SQQQ Dec 23, 2026 | Dec 29, 2026 | $0.473 | Est. |
| SQQQ Mar 24, 2027 | Mar 30, 2027 | $0.473 | Est. |
| SQQQ Jun 23, 2027 | Jun 29, 2027 | $0.473 | Est. |
| TSMZ Dec 22, 2026 | Dec 29, 2026 | $0.071 | Est. |
| TSMZ Mar 23, 2027 | Mar 30, 2027 | $0.071 | Est. |
| TSMZ Jun 22, 2027 | Jun 29, 2027 | $0.071 | Est. |
Annual payouts per share
SQQQTSMZ
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, SQQQ or TSMZ?
SQQQ currently has the higher trailing yield: SQQQ yields 8.92% and TSMZ yields 4.18%. Yield changes daily with price, so check the live figures above.
How often do SQQQ and TSMZ pay?
SQQQ pays every quarter and TSMZ pays every quarter. SQQQ's next ex-date is Dec 23, 2026 and TSMZ's is Dec 22, 2026.
Is SQQQ or TSMZ better for income?
It depends on what you are optimising for. SQQQ and TSMZ 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.