CLIX vs. QLD
CLIX (ProShares Long Online/Short Stores ETF) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index, while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past 5 years, CLIX returned -4.13%/yr vs 17.45%/yr for QLD. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CLIX charges 0.65%/yr vs 0.95%/yr for QLD.
Performance
CLIX vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, CLIX achieves a -0.57% return, which is significantly lower than QLD's 18.94% return.
CLIX
- 1D
- 4.48%
- 1M
- 6.07%
- 6M
- 1.59%
- YTD
- -0.57%
- 1Y
- 12.03%
- 3Y*
- 16.69%
- 5Y*
- -4.13%
- 10Y*
- —
- ALL TIME*
- 4.99%
QLD
- 1D
- 1.20%
- 1M
- -7.66%
- 6M
- 16.78%
- YTD
- 18.94%
- 1Y
- 42.18%
- 3Y*
- 35.01%
- 5Y*
- 17.45%
- 10Y*
- 32.56%
- ALL TIME*
- 24.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.27K | $42.87K | $29.25K | |
| $408.78M | $399.91M | $439.78M |
CLIX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -0.57% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | 6.34% | -2.43% |
QLD ProShares Ultra QQQ | 18.94% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 4.22% |
Correlation
The correlation between CLIX and QLD is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.65 |
The correlation between CLIX and QLD has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.
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Return for Risk
CLIX vs. QLD — Risk / Return Rank
CLIX
QLD
CLIX vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) 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.
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.
| CLIX | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.46 | -1.06 |
| Martin ratioReturn relative to average drawdown | 0.95 | 4.32 | -3.37 |
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Drawdowns
CLIX vs. QLD - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for CLIX and QLD.
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Drawdown Indicators
| CLIX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -83.13% | +9.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | -25.13% | +5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -42.29% | +21.11% |
Max Drawdown (5Y)Largest decline over 5 years | -63.54% | -63.68% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -41.26% | -16.72% | -24.54% |
Average DrawdownAverage peak-to-trough decline | -34.86% | -18.11% | -16.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 8.47% | -0.32% |
Volatility
CLIX vs. QLD - Volatility Comparison
The current volatility for ProShares Long Online/Short Stores ETF (CLIX) is 6.82%, while ProShares Ultra QQQ (QLD) has a volatility of 13.69%. This indicates that CLIX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 13.69% | -6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 31.99% | -14.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 38.62% | -16.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 45.76% | -18.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 44.97% | -19.08% |
CLIX vs. QLD - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is lower than QLD's 0.95% expense ratio.
Dividends
CLIX vs. QLD - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.53%, more than QLD's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.53% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.14% | 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
CLIX and QLD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLD has higher volatility (13.69%) compared to CLIX (6.82%). In terms of maximum drawdown, CLIX dropped -73.21% vs QLD's -83.13%.
On 5-year performance, QLD leads with 17.45% vs -4.13% for CLIX. On fees, CLIX is cheaper at 0.65% per year. On volatility, CLIX has been the lower-risk option at 6.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QLD has performed better with a 17.45% return vs -4.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLIX is cheaper with a 0.65% expense ratio, compared with 0.95% for QLD.
CLIX has the higher dividend yield at 0.53%, compared with 0.14% for QLD.
CLIX is categorized as Long-Short, while QLD is Leveraged Equities. CLIX tracks ProShares Long Online/Short Stores Index, while QLD tracks NASDAQ-100 Index (200%). Their fees differ too: 0.65% for CLIX and 0.95% for QLD.
QLD currently has the higher Sharpe Ratio (0.95 vs 0.35), 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.
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