BLSH vs. TQQQ

Last updated Aug 1, 2026

BLSH (Bullish) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Their 0.41 correlation means their historical movements had little consistent relationship.

Performance

BLSH vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bullish (BLSH) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLSH achieves a -42.46% return, which is significantly lower than TQQQ's 23.06% return.

BLSH

• 1D: -3.54%
• 1M: -14.78%
• 6M: -27.85%
• YTD: -42.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TQQQ

• 1D: 2.09%
• 1M: -11.90%
• 6M: 20.14%
• YTD: 23.06%
• 1Y: 56.87%
• 3Y*: 43.81%
• 5Y*: 15.36%
• 10Y*: 39.46%
• ALL TIME*: 42.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLSH Bullish	$39.57M	$33.92M	$47.68M
TQQQ ProShares UltraPro QQQ	$4.37B	$4.57B	$5.33B

BLSH vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
BLSH Bullish	-42.46%	-57.92%
TQQQ ProShares UltraPro QQQ	23.06%	11.60%

Correlation

The correlation between BLSH and TQQQ is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.41

Return for Risk

BLSH vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLSH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TQQQ

TQQQ Risk / Return Rank: 36
TQQQ Sharpe Ratio Rank: 34
TQQQ Sortino Ratio Rank: 37
TQQQ Omega Ratio Rank: 36
TQQQ Calmar Ratio Rank: 37
TQQQ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLSH vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bullish (BLSH) and ProShares UltraPro QQQ (TQQQ). 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.

	BLSH	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.83	—
Sortino ratio: Return per unit of downside risk	—	1.38	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.29	—
Martin ratio: Return relative to average drawdown	—	3.60	—

Drawdowns

BLSH vs. TQQQ - Drawdown Comparison

The maximum BLSH drawdown since its inception was -75.79%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BLSH and TQQQ.

Drawdown Indicators

	BLSH	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-75.79%	-81.66%	+5.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-75.79%	-25.74%	-50.05%
Average Drawdown Average peak-to-trough decline	-54.16%	-18.49%	-35.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.24%	—

Volatility

Volatility by Period

	BLSH	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.92%	57.62%	+25.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.92%	68.04%	+14.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.92%	66.57%	+16.35%

Dividends

BLSH vs. TQQQ - Dividend Comparison

BLSH has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLSH Bullish	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.58%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both BLSH and TQQQ in my portfolio?

BLSH and TQQQ 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.