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^NDXT vs. SQQQ
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: -0.9

Performance

^NDXT vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Technology Sector Index (^NDXT) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%NovemberDecember2025FebruaryMarchApril
716.49%
-100.00%
^NDXT
SQQQ

Key characteristics

Sharpe Ratio

^NDXT:

-0.37

SQQQ:

-0.36

Sortino Ratio

^NDXT:

-0.34

SQQQ:

-0.05

Omega Ratio

^NDXT:

0.96

SQQQ:

0.99

Calmar Ratio

^NDXT:

-0.41

SQQQ:

-0.27

Martin Ratio

^NDXT:

-1.35

SQQQ:

-0.68

Ulcer Index

^NDXT:

8.85%

SQQQ:

39.24%

Daily Std Dev

^NDXT:

32.00%

SQQQ:

73.91%

Max Drawdown

^NDXT:

-59.34%

SQQQ:

-100.00%

Current Drawdown

^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

YTD

-14.20%

1M

-11.43%

6M

-16.50%

1Y

-7.24%

5Y*

12.71%

10Y*

13.85%

SQQQ

YTD

25.90%

1M

7.70%

6M

12.97%

1Y

-34.77%

5Y*

-52.32%

10Y*

-50.13%

*Annualized

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^NDXT
The Risk-Adjusted Performance Rank of ^NDXT is 1313
Overall Rank
The Sharpe Ratio Rank of ^NDXT is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of ^NDXT is 1818
Sortino Ratio Rank
The Omega Ratio Rank of ^NDXT is 1818
Omega Ratio Rank
The Calmar Ratio Rank of ^NDXT is 77
Calmar Ratio Rank
The Martin Ratio Rank of ^NDXT is 88
Martin Ratio Rank

SQQQ
The Risk-Adjusted Performance Rank of SQQQ is 1515
Overall Rank
The Sharpe Ratio Rank of SQQQ is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of SQQQ is 1919
Sortino Ratio Rank
The Omega Ratio Rank of SQQQ is 1919
Omega Ratio Rank
The Calmar Ratio Rank of SQQQ is 1010
Calmar Ratio Rank
The Martin Ratio Rank of SQQQ is 1414
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^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.


Sharpe ratio
The chart of Sharpe ratio for ^NDXT, currently valued at -0.37, compared to the broader market-0.500.000.501.001.50
^NDXT: -0.37
SQQQ: -0.36
The chart of Sortino ratio for ^NDXT, currently valued at -0.34, compared to the broader market-1.00-0.500.000.501.001.502.00
^NDXT: -0.34
SQQQ: -0.05
The chart of Omega ratio for ^NDXT, currently valued at 0.96, compared to the broader market0.901.001.101.20
^NDXT: 0.96
SQQQ: 0.99
The chart of Calmar ratio for ^NDXT, currently valued at -0.41, compared to the broader market-0.500.000.501.00
^NDXT: -0.41
SQQQ: -0.27
The chart of Martin ratio for ^NDXT, currently valued at -1.35, compared to the broader market0.002.004.006.00
^NDXT: -1.35
SQQQ: -0.68

The current ^NDXT Sharpe Ratio is -0.37, which is comparable to the SQQQ Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of ^NDXT and SQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
-0.37
-0.36
^NDXT
SQQQ

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-23.55%
-100.00%
^NDXT
SQQQ

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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
20.23%
54.28%
^NDXT
SQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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