^NDXT vs. SQQQ
Compare and contrast key facts about NASDAQ 100 Technology Sector Index (^NDXT) and ProShares UltraPro Short QQQ (SQQQ).
SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDXT or SQQQ.
Correlation
The correlation between ^NDXT and SQQQ is -0.89. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
^NDXT vs. SQQQ - Performance Comparison
Key characteristics
^NDXT:
-0.37
SQQQ:
-0.36
^NDXT:
-0.34
SQQQ:
-0.05
^NDXT:
0.96
SQQQ:
0.99
^NDXT:
-0.41
SQQQ:
-0.27
^NDXT:
-1.35
SQQQ:
-0.68
^NDXT:
8.85%
SQQQ:
39.24%
^NDXT:
32.00%
SQQQ:
73.91%
^NDXT:
-59.34%
SQQQ:
-100.00%
^NDXT:
-23.55%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, ^NDXT achieves a -14.20% return, which is significantly lower than SQQQ's 25.90% return. Over the past 10 years, ^NDXT has outperformed SQQQ with an annualized return of 13.85%, while SQQQ has yielded a comparatively lower -50.13% annualized return.
^NDXT
-14.20%
-11.43%
-16.50%
-7.24%
12.71%
13.85%
SQQQ
25.90%
7.70%
12.97%
-34.77%
-52.32%
-50.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^NDXT vs. SQQQ — Risk-Adjusted Performance Rank
^NDXT
SQQQ
^NDXT vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Technology Sector Index (^NDXT) and ProShares UltraPro Short QQQ (SQQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^NDXT vs. SQQQ - Drawdown Comparison
The maximum ^NDXT drawdown since its inception was -59.34%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^NDXT and SQQQ. For additional features, visit the drawdowns tool.
Volatility
^NDXT vs. SQQQ - Volatility Comparison
The current volatility for NASDAQ 100 Technology Sector Index (^NDXT) is 20.23%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 54.28%. This indicates that ^NDXT experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.