PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

ProShares UltraPro Short QQQ (SQQQ) Sharpe Ratio: -1.19

ETF · Currency in USD · Last updated Jun 14, 2026

ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. The fund is designed for short-term tactical exposure and is not intended as a long-term buy-and-hold investment.

SQQQ's Sharpe Ratio of -1.19 indicates that for each unit of volatility, it generates -1.19 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SQQQ Sharpe Ratio Rank

SQQQ Sharpe Ratio Rank: 0.50
Concerning

SQQQ ranks above 0.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

SQQQ Sharpe Ratio Market Positioning

The chart shows SQQQ's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.80 or lower
  • Yellow zone (middle 50%): 0.80 to 2.14
  • Green zone (top 25%): 2.14 or higher
  • Top 1%: 7.46+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares ProShares UltraPro Short QQQ's Sharpe Ratio with other ETFs in the Leveraged Equities, Inverse Equities, Nasdaq-100 category across multiple time periods, showing how SQQQ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares28.62
MULLGraniteShares 2x Long MU Daily ETF26.58
INTWGraniteShares 2x Long INTC Daily ETF12.76
SOXLDirexion Daily Semiconductor Bull 3X ETF8.99
KORUDirexion Daily South Korea Bull 3X Shares8.14
AMDLGraniteShares 2x Long AMD Daily ETF7.55
AMUUDirexion Daily AMD Bull 2X Shares7.55
AMDGLeverage Shares 2X Long AMD Daily ETF7.47
DLLLGraniteShares 2x Long DELL Daily ETF5.45
MVLLGraniteShares 2x Long MRVL Daily ETF5.35
SQQQProShares UltraPro Short QQQ-1.19

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SQQQ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SQQQ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does SQQQ fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio