BZQ vs. SQQQ
Compare and contrast key facts about ProShares UltraShort MSCI Brazil Capped (BZQ) and ProShares UltraPro Short QQQ (SQQQ).
BZQ and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BZQ is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil 25-50 (-200%). It was launched on Jun 16, 2009. 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. Both BZQ and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BZQ vs. SQQQ - Performance Comparison
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BZQ vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -35.24% | -57.90% | 98.84% | -49.11% | -44.20% | 6.45% | -52.88% | -48.20% | -21.52% | -49.73% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Returns By Period
In the year-to-date period, BZQ achieves a -35.24% return, which is significantly lower than SQQQ's 13.99% return. Over the past 10 years, BZQ has outperformed SQQQ with an annualized return of -38.77%, while SQQQ has yielded a comparatively lower -52.71% annualized return.
BZQ
- 1D
- -0.31%
- 1M
- -2.23%
- YTD
- -35.24%
- 6M
- -44.95%
- 1Y
- -62.63%
- 3Y*
- -34.64%
- 5Y*
- -32.43%
- 10Y*
- -38.77%
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
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BZQ vs. SQQQ - Expense Ratio Comparison
Both BZQ and SQQQ have an expense ratio of 0.95%.
Return for Risk
BZQ vs. SQQQ — Risk / Return Rank
BZQ
SQQQ
BZQ vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) 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.
| BZQ | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.22 | -0.84 | -0.39 |
Sortino ratioReturn per unit of downside risk | -2.25 | -1.14 | -1.11 |
Omega ratioGain probability vs. loss probability | 0.75 | 0.84 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.76 | -0.14 |
Martin ratioReturn relative to average drawdown | -1.36 | -0.87 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BZQ | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | -0.84 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.59 | -0.64 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | -0.80 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | -0.85 | +0.38 |
Correlation
The correlation between BZQ and SQQQ is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BZQ vs. SQQQ - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 8.52%, more than SQQQ's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 8.52% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
BZQ vs. SQQQ - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.79%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BZQ and SQQQ.
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Drawdown Indicators
| BZQ | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.79% | -100.00% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -70.23% | -75.23% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -86.86% | -95.36% | +8.50% |
Max Drawdown (10Y)Largest decline over 10 years | -99.37% | -99.96% | +0.59% |
Current DrawdownCurrent decline from peak | -99.79% | -100.00% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -84.38% | -92.32% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.46% | 65.40% | -18.94% |
Volatility
BZQ vs. SQQQ - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 22.43% compared to ProShares UltraPro Short QQQ (SQQQ) at 19.98%. This indicates that BZQ's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BZQ | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.43% | 19.98% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 39.07% | 38.23% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.39% | 67.38% | -15.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.41% | 66.65% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.40% | 65.97% | +1.43% |