CRCA vs. TQQQ
CRCA (ProShares Ultra CRCL) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares. CRCA is actively managed, while TQQQ is passively managed. Their 0.44 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
CRCA vs. TQQQ - 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 TQQQ's 23.06% return.
CRCA
- 1D
- -5.20%
- 1M
- -12.09%
- 6M
- -51.11%
- YTD
- -70.23%
- 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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.28M | $18.49M | $44.45M | |
| $4.37B | $4.57B | $5.33B |
CRCA vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -70.23% | -84.67% |
TQQQ ProShares UltraPro QQQ | 23.06% | 18.98% |
Correlation
The correlation between CRCA and TQQQ is 0.44, 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 | 0.44 |
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Return for Risk
CRCA vs. TQQQ — Risk / Return Rank
CRCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TQQQ
CRCA vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) 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.
| CRCA | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.29 | — |
| Martin ratioReturn relative to average drawdown | — | 3.60 | — |
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Drawdowns
CRCA vs. TQQQ - Drawdown Comparison
The maximum CRCA drawdown since its inception was -95.61%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CRCA and TQQQ.
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Drawdown Indicators
| CRCA | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.61% | -81.66% | -13.95% |
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 DrawdownCurrent decline from peak | -95.44% | -25.74% | -69.70% |
Average DrawdownAverage peak-to-trough decline | -74.24% | -18.49% | -55.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.24% | — |
Volatility
CRCA vs. TQQQ - Volatility Comparison
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Volatility by Period
| CRCA | 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 | 193.78% | 57.62% | +136.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.78% | 68.04% | +125.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 193.78% | 66.57% | +127.21% |
CRCA vs. TQQQ - Expense Ratio Comparison
Both CRCA and TQQQ have an expense ratio of 0.95%.
Dividends
CRCA vs. TQQQ - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 7.40%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRCA ProShares Ultra CRCL | 7.40% | 1.06% | 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
CRCA and TQQQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CRCA and TQQQ have the same expense ratio: 0.95% per year.
CRCA has the higher dividend yield at 7.40%, compared with 0.58% for TQQQ.
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