ABCL vs. QLD

Last updated Jun 4, 2026

ABCL (AbCellera Biologics Inc.) is a stock, while QLD (ProShares Ultra QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Over the past 5 years, ABCL returned -26.11%/yr vs 25.75%/yr for QLD. At a 0.35 correlation, their price movements are largely independent.

Performance

ABCL vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AbCellera Biologics Inc. (ABCL) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABCL achieves a 67.25% return, which is significantly higher than QLD's 42.06% return.

ABCL

• 1D: -6.69%
• 1M: 24.62%
• YTD: 67.25%
• 6M: 63.90%
• 1Y: 147.62%
• 3Y*: -5.56%
• 5Y*: -26.11%
• 10Y*: —

QLD

• 1D: -0.53%
• 1M: 21.54%
• YTD: 42.06%
• 6M: 37.45%
• 1Y: 85.49%
• 3Y*: 50.15%
• 5Y*: 25.75%
• 10Y*: 36.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABCL vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ABCL AbCellera Biologics Inc.	67.25%	16.72%	-48.69%	-43.63%	-29.16%	-64.46%	-31.68%
QLD ProShares Ultra QQQ	42.06%	30.36%	42.82%	117.72%	-60.52%	54.67%	8.18%

Correlation

The correlation between ABCL and QLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020	0.35

Return for Risk

ABCL vs. QLD — Risk / Return Rank

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

ABCL

ABCL Risk / Return Rank: 81
ABCL Sharpe Ratio Rank: 87
ABCL Sortino Ratio Rank: 84
ABCL Omega Ratio Rank: 79
ABCL Calmar Ratio Rank: 80
ABCL Martin Ratio Rank: 74

QLD

QLD Risk / Return Rank: 69
QLD Sharpe Ratio Rank: 81
QLD Sortino Ratio Rank: 67
QLD Omega Ratio Rank: 67
QLD Calmar Ratio Rank: 67
QLD Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABCL vs. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AbCellera Biologics Inc. (ABCL) and ProShares Ultra QQQ (QLD). 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.

	ABCL	QLD	Difference
Sharpe ratio Return per unit of total volatility	1.88	2.70	-0.83
Sortino ratio Return per unit of downside risk	2.61	3.16	-0.55
Omega ratio Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio Return relative to maximum drawdown	2.70	3.42	-0.72
Martin ratio Return relative to average drawdown	4.94	11.92	-6.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABCL vs. QLD - Sharpe Ratio Comparison

The current ABCL Sharpe Ratio is 1.88, which is lower than the QLD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of ABCL and QLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABCL	QLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.70	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.58	-0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	0.60	-1.09

Drawdowns

ABCL vs. QLD - Drawdown Comparison

The maximum ABCL drawdown since its inception was -96.72%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for ABCL and QLD.

Drawdown Indicators

	ABCL	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-96.72%	-83.13%	-13.59%
Max Drawdown (1Y) Largest decline over 1 year	-54.94%	-25.13%	-29.81%
Max Drawdown (3Y) Largest decline over 3 years	-75.72%	-42.29%	-33.43%
Max Drawdown (5Y) Largest decline over 5 years	-92.64%	-63.68%	-28.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-90.29%	-0.53%	-89.76%
Average Drawdown Average peak-to-trough decline	-83.59%	-18.17%	-65.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.01%	7.20%	+22.81%

Volatility

ABCL vs. QLD - Volatility Comparison

AbCellera Biologics Inc. (ABCL) has a higher volatility of 28.65% compared to ProShares Ultra QQQ (QLD) at 8.90%. This indicates that ABCL's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABCL	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.65%	8.90%	+19.75%
Volatility (6M) Calculated over the trailing 6-month period	52.34%	24.08%	+28.26%
Volatility (1Y) Calculated over the trailing 1-year period	79.56%	31.85%	+47.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.48%	44.74%	+21.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.07%	44.56%	+25.51%

Dividends

ABCL vs. QLD - Dividend Comparison

ABCL has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABCL AbCellera Biologics Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLD ProShares Ultra QQQ	0.12%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%

Frequently Asked Questions

Can I hold both ABCL and QLD in my portfolio?

ABCL and QLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABCL or QLD?

ABCL has higher volatility (28.65%) compared to QLD (8.90%). In terms of maximum drawdown, ABCL dropped -96.72% vs QLD's -83.13%.

Which has better risk-adjusted returns?

QLD currently has the higher Sharpe Ratio (2.70 vs 1.88), 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.