ProShares UltraPro Short QQQ (SQQQ) Alternatives
ProShares UltraPro Short QQQ (SQQQ) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SQQQ. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to SQQQ
SQQQ charges 0.95% annually. Among ETFs in the Leveraged Equities category, these options have the lowest expense ratios among SQQQ alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | Sep 14, 2021 | SQQQ vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | May 28, 2014 | SQQQ vs SPUU | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | Dec 12, 2024 | SQQQ vs NVDG | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | Jan 24, 2025 | SQQQ vs AMDG | |
| Leverage Shares 2X Long HOOD Daily ETF | 0.75% | Mar 20, 2025 | SQQQ vs HOOG |
Best Risk-Adjusted Alternatives to SQQQ
Among ETFs in the Leveraged Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Direxion Daily South Korea Bull 3X Shares | 98 | Apr 10, 2013 | SQQQ vs KORU | |
| Direxion Daily MU Bull 2X Shares | 98 | Oct 9, 2024 | SQQQ vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | Nov 11, 2024 | SQQQ vs MULL | |
| Direxion Daily GOOGL Bull 2X Shares | 96 | Sep 6, 2022 | SQQQ vs GGLL | |
| Direxion Daily TSM Bull 2X Shares | 96 | Oct 3, 2024 | SQQQ vs TSMX |
Top Performing SQQQ Alternatives (YTD)
SQQQ alternatives from the Leveraged Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 168.34% | Apr 9, 2019 | SQQQ vs NRGU | |
| MicroSectors Energy 3X Leveraged ETN | 141.86% | Feb 16, 2023 | SQQQ vs WTIU | |
| Leverage Shares 2X Long TER Daily ETF | 102.79% | Nov 17, 2025 | SQQQ vs TERG | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 102.61% | Apr 1, 2020 | SQQQ vs GUSH | |
| ProShares Ultra Oil & Gas | 85.56% | Jan 30, 2007 | SQQQ vs DIG |
Lowest Volatility Alternatives to SQQQ
SQQQ alternatives from the Leveraged Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 14.33% | Apr 1, 2021 | SQQQ vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 16.31% | Apr 1, 2021 | SQQQ vs QTAP | |
| Roundhill BRKB WeeklyPay ETF | 17.95% | Jun 17, 2025 | SQQQ vs BRKW | |
| Innovator US Equity Accelerated ETF | 17.99% | Apr 1, 2021 | SQQQ vs XDSQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 18.18% | Jul 1, 2021 | SQQQ vs XTJL |
Lowest Drawdown Alternatives to SQQQ
SQQQ alternatives from the Leveraged Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -11.83% | Apr 1, 2021 | SQQQ vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -12.04% | Apr 1, 2021 | SQQQ vs QTAP | |
| Innovator US Equity Accelerated ETF | -12.18% | Apr 1, 2021 | SQQQ vs XDSQ | |
| Innovator Growth Accelerated ETF - Quarterly | -12.64% | Apr 1, 2021 | SQQQ vs XDQQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -13.81% | Jul 1, 2021 | SQQQ vs XTJL |
Other ETFs from ProShares
Most popular ProShares ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50 | -20.81% | Feb 9, 2010 | SQQQ vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency, Actively Managed | 5 | -23.25% | Oct 19, 2021 | SQQQ vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities, Leveraged | 57 | -13.35% | Jun 21, 2006 | SQQQ vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 45 | -16.03% | Jun 23, 2009 | SQQQ vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 51 | -10.23% | Jun 19, 2006 | SQQQ vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 27 | 2.36% | Oct 9, 2013 | SQQQ vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | -8.58% | Jan 30, 2007 | SQQQ vs USD | |
| ProShares Ultra VIX Short-Term Futures ETF | Leveraged, Volatility | 5 | 45.56% | Oct 3, 2011 | SQQQ vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -47.12% | Apr 1, 2024 | SQQQ vs BITU | |
| ProShares Ultra Bloomberg Natural Gas | Leveraged Commodities, Leveraged | 2 | -29.61% | Oct 4, 2011 | SQQQ vs BOIL |
Often Compared With SQQQ
What investors most often compare with SQQQ, based on PortfoliosLab usage data.
Compare SQQQ with Any Fund or Stock
Compare SQQQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.