^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 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^NDXT vs. SQQQ - Performance Comparison
Key characteristics
^NDXT:
0.00
SQQQ:
-0.57
^NDXT:
0.21
SQQQ:
-0.47
^NDXT:
1.03
SQQQ:
0.94
^NDXT:
-0.01
SQQQ:
-0.42
^NDXT:
-0.04
SQQQ:
-1.32
^NDXT:
9.72%
SQQQ:
31.75%
^NDXT:
32.48%
SQQQ:
74.64%
^NDXT:
-59.34%
SQQQ:
-100.00%
^NDXT:
-12.59%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, ^NDXT achieves a -1.90% return, which is significantly higher than SQQQ's -6.42% return. Over the past 10 years, ^NDXT has outperformed SQQQ with an annualized return of 15.53%, while SQQQ has yielded a comparatively lower -51.63% annualized return.
^NDXT
-1.90%
23.61%
-8.02%
0.15%
13.52%
15.53%
SQQQ
-6.42%
-45.78%
-5.54%
-42.04%
-52.20%
-51.63%
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 17.16%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 48.63%. 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.