CRCA vs. IQQQ
CRCA (ProShares Ultra CRCL) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - CRCA is a Leveraged Equities fund actively managed by ProShares, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. CRCA is actively managed, while IQQQ is passively managed. Their 0.43 correlation means their historical movements had little consistent relationship. CRCA charges 0.95%/yr vs 0.55%/yr for IQQQ.
Performance
CRCA vs. IQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, CRCA achieves a -70.23% return, which is significantly lower than IQQQ's 10.08% return.
CRCA
- 1D
- -5.20%
- 1M
- -12.09%
- 6M
- -51.11%
- YTD
- -70.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IQQQ
- 1D
- 0.73%
- 1M
- -3.19%
- 6M
- 8.63%
- YTD
- 10.08%
- 1Y
- 21.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.28M | $18.49M | $44.45M | |
| $2.00M | $2.37M | $2.93M |
CRCA vs. IQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -70.23% | -84.67% |
IQQQ ProShares Nasdaq-100 High Income ETF | 10.08% | 8.81% |
Correlation
The correlation between CRCA and IQQQ is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025 | 0.43 |
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Return for Risk
CRCA vs. IQQQ — Risk / Return Rank
CRCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IQQQ
CRCA vs. IQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.
| CRCA | IQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.76 | — |
| Martin ratioReturn relative to average drawdown | — | 5.26 | — |
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Drawdowns
CRCA vs. IQQQ - Drawdown Comparison
The maximum CRCA drawdown since its inception was -95.61%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for CRCA and IQQQ.
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Drawdown Indicators
| CRCA | IQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.61% | -20.41% | -75.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.25% | — |
Current DrawdownCurrent decline from peak | -95.44% | -7.56% | -87.88% |
Average DrawdownAverage peak-to-trough decline | -74.24% | -3.71% | -70.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.77% | — |
Volatility
CRCA vs. IQQQ - Volatility Comparison
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Volatility by Period
| CRCA | IQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 193.78% | 18.47% | +175.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.78% | 19.30% | +174.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 193.78% | 19.30% | +174.48% |
CRCA vs. IQQQ - Expense Ratio Comparison
CRCA has a 0.95% expense ratio, which is higher than IQQQ's 0.55% expense ratio.
Dividends
CRCA vs. IQQQ - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 7.40%, more than IQQQ's 5.42% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CRCA ProShares Ultra CRCL | 7.40% | 1.06% | 0.00% |
IQQQ ProShares Nasdaq-100 High Income ETF | 5.37% | 10.34% | 7.27% |
Frequently Asked Questions
CRCA and IQQQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQQ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQQ is cheaper with a 0.55% expense ratio, compared with 0.95% for CRCA.
CRCA has the higher dividend yield at 7.40%, compared with 5.37% for IQQQ.
CRCA is categorized as Leveraged Equities, while IQQQ is Nasdaq-100. Their fees differ too: 0.95% for CRCA and 0.55% for IQQQ.
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