^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 23.05%/yr vs -56.54%/yr for SQQQ. At a correlation of -0.91, they often move in opposite directions.
Performance
^NDXT vs. SQQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ^NDXT achieves a 40.30% return, which is significantly higher than SQQQ's -40.98% return. Over the past 10 years, ^NDXT has outperformed SQQQ with an annualized return of 23.05%, while SQQQ has yielded a comparatively lower -56.54% annualized return.
^NDXT
- 1D
- 1.70%
- 1M
- 2.79%
- YTD
- 40.30%
- 6M
- 37.42%
- 1Y
- 53.65%
- 3Y*
- 31.58%
- 5Y*
- 15.71%
- 10Y*
- 23.05%
SQQQ
- 1D
- -2.42%
- 1M
- 2.09%
- YTD
- -40.98%
- 6M
- -38.01%
- 1Y
- -59.41%
- 3Y*
- -54.63%
- 5Y*
- -47.03%
- 10Y*
- -56.54%
^NDXT vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^NDXT NASDAQ 100 Technology Sector Index | 40.30% | 22.46% | 7.13% | 66.70% | -39.93% | 26.98% | 38.17% | 47.28% | -5.49% | 36.68% |
SQQQ ProShares UltraPro Short QQQ | -40.98% | -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 -0.91, 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 | -0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
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 11, 2010 | -0.91 |
The correlation between ^NDXT and SQQQ has been stable across timeframes, ranging from -0.93 to -0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^NDXT | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.79 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | -0.96 | +4.31 |
| Martin ratioReturn relative to average drawdown | 10.49 | -1.84 | +12.34 |
Loading charts...
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.
Loading charts...
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% | -62.23% | +46.15% |
Max Drawdown (3Y)Largest decline over 3 years | -29.28% | -92.51% | +63.23% |
Max Drawdown (5Y)Largest decline over 5 years | -45.71% | -97.27% | +51.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.71% | -99.98% | +54.27% |
Current DrawdownCurrent decline from peak | -3.80% | -100.00% | +96.20% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -92.73% | +82.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 33.76% | -28.63% |
Volatility
^NDXT vs. SQQQ - Volatility Comparison
The current volatility for NASDAQ 100 Technology Sector Index (^NDXT) is 14.32%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.22%. 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.
Loading charts...
Volatility by Period
| ^NDXT | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 26.22% | -11.90% |
Volatility (6M)Calculated over the trailing 6-month period | 22.25% | 43.25% | -21.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 53.47% | -26.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.17% | 67.54% | -37.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.11% | 66.45% | -38.34% |
Frequently Asked Questions
^NDXT and SQQQ have a correlation of -0.91, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (26.22%) compared to ^NDXT (14.32%). In terms of maximum drawdown, ^NDXT dropped -59.34% vs SQQQ's -100.00%.
^NDXT currently has the higher Sharpe Ratio (2.03 vs -1.11), 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.
Find the right allocation for ^NDXT and SQQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer