^NDXT vs. SQQQ
^NDXT (NASDAQ 100 Technology Sector Index) is an index, while SQQQ (ProShares UltraPro Short QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Over the past 10 years, ^NDXT returned 22.41%/yr vs -55.90%/yr for SQQQ. At a correlation of -0.91, they often move in opposite directions.
Performance
^NDXT vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ^NDXT achieves a 43.19% return, which is significantly higher than SQQQ's -44.43% return. Over the past 10 years, ^NDXT has outperformed SQQQ with an annualized return of 22.41%, while SQQQ has yielded a comparatively lower -55.90% annualized return.
^NDXT
- 1D
- -1.05%
- 1M
- 18.55%
- YTD
- 43.19%
- 6M
- 39.37%
- 1Y
- 64.91%
- 3Y*
- 32.53%
- 5Y*
- 17.30%
- 10Y*
- 22.41%
SQQQ
- 1D
- 1.53%
- 1M
- -22.29%
- YTD
- -44.43%
- 6M
- -42.11%
- 1Y
- -64.38%
- 3Y*
- -55.94%
- 5Y*
- -49.01%
- 10Y*
- -55.90%
^NDXT vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^NDXT NASDAQ 100 Technology Sector Index | 43.19% | 22.46% | 7.13% | 66.70% | -39.93% | 26.98% | 38.17% | 47.28% | -5.49% | 36.68% |
SQQQ ProShares UltraPro Short QQQ | -44.43% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between ^NDXT and SQQQ is -0.90, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | -0.91 |
The correlation between ^NDXT and SQQQ has been stable across timeframes, ranging from -0.93 to -0.90 - a consistent structural relationship.
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Return for Risk
^NDXT vs. SQQQ — Risk / Return Rank
^NDXT
SQQQ
^NDXT vs. SQQQ - Risk-Adjusted Trends 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.
| ^NDXT | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.14 | ||
| Sortino ratioReturn per unit of downside risk | +6.05 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.73 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | -0.98 | +5.03 |
| Martin ratioReturn relative to average drawdown | 13.10 | -1.79 | +14.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^NDXT | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | -1.35 | +4.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | -0.74 | +1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | -0.85 | +1.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | -0.88 | +1.45 |
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.
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Drawdown Indicators
| ^NDXT | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.34% | -100.00% | +40.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.08% | -65.95% | +49.87% |
Max Drawdown (3Y)Largest decline over 3 years | -29.28% | -92.38% | +63.10% |
Max Drawdown (5Y)Largest decline over 5 years | -45.71% | -97.23% | +51.52% |
Max Drawdown (10Y)Largest decline over 10 years | -45.71% | -99.98% | +54.27% |
Current DrawdownCurrent decline from peak | -1.05% | -100.00% | +98.95% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -92.40% | +82.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 35.96% | -30.99% |
Volatility
^NDXT vs. SQQQ - Volatility Comparison
The current volatility for NASDAQ 100 Technology Sector Index (^NDXT) is 7.58%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 13.81%. 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.
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Volatility by Period
| ^NDXT | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 13.81% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 36.46% | -17.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.42% | 47.79% | -24.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.61% | 66.61% | -37.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 66.10% | -38.23% |
Frequently Asked Questions
^NDXT and SQQQ have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (13.81%) compared to ^NDXT (7.58%). In terms of maximum drawdown, ^NDXT dropped -59.34% vs SQQQ's -100.00%.
^NDXT currently has the higher Sharpe Ratio (2.79 vs -1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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