CTEX vs. IQQQ

Last updated Jul 14, 2026

CTEX (ProShares S&P Kensho Cleantech ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - CTEX is a Alternative Energy Equities fund tracking the S&P Kensho Cleantech Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, CTEX returned 62.54% vs 25.95% for IQQQ. A 0.57 correlation means they provide meaningful diversification when combined. CTEX charges 0.58%/yr vs 0.55%/yr for IQQQ.

Performance

CTEX vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Kensho Cleantech ETF (CTEX) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTEX achieves a 4.74% return, which is significantly lower than IQQQ's 13.67% return.

CTEX

• 1D: -3.75%
• 1M: -13.57%
• 6M: -4.37%
• YTD: 4.74%
• 1Y: 62.54%
• 3Y*: 3.77%
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: -1.84%
• 1M: -1.65%
• 6M: 11.37%
• YTD: 13.67%
• 1Y: 25.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTEX vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CTEX ProShares S&P Kensho Cleantech ETF	4.74%	67.74%	-1.76%
IQQQ ProShares Nasdaq-100 High Income ETF	13.67%	17.11%	14.82%

Correlation

The correlation between CTEX and IQQQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.57

The correlation between CTEX and IQQQ has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

Return for Risk

CTEX vs. IQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTEX

CTEX Risk / Return Rank: 50
CTEX Sharpe Ratio Rank: 51
CTEX Sortino Ratio Rank: 48
CTEX Omega Ratio Rank: 46
CTEX Calmar Ratio Rank: 56
CTEX Martin Ratio Rank: 48

IQQQ

IQQQ Risk / Return Rank: 54
IQQQ Sharpe Ratio Rank: 55
IQQQ Sortino Ratio Rank: 50
IQQQ Omega Ratio Rank: 51
IQQQ Calmar Ratio Rank: 59
IQQQ Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTEX vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Cleantech ETF (CTEX) 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.

	CTEX	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.48	-0.09
Sortino ratio: Return per unit of downside risk	1.91	1.99	-0.08
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	2.23	2.34	-0.11
Martin ratio: Return relative to average drawdown	6.37	7.74	-1.36

CTEX vs. IQQQ - Sharpe Ratio Comparison

The current CTEX Sharpe Ratio is 1.39, which is comparable to the IQQQ Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of CTEX and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTEX vs. IQQQ - Drawdown Comparison

The maximum CTEX drawdown since its inception was -70.31%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for CTEX and IQQQ.

Drawdown Indicators

	CTEX	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-70.31%	-20.41%	-49.90%
Max Drawdown (1Y) Largest decline over 1 year	-28.22%	-11.13%	-17.09%
Max Drawdown (3Y) Largest decline over 3 years	-56.83%	—	—
Current Drawdown Current decline from peak	-28.22%	-4.54%	-23.68%
Average Drawdown Average peak-to-trough decline	-41.39%	-3.63%	-37.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.84%	3.36%	+6.48%

Volatility

CTEX vs. IQQQ - Volatility Comparison

ProShares S&P Kensho Cleantech ETF (CTEX) has a higher volatility of 15.69% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 7.78%. This indicates that CTEX's price experiences larger fluctuations and is considered to be riskier than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEX	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	7.78%	+7.91%
Volatility (6M) Calculated over the trailing 6-month period	33.66%	14.34%	+19.32%
Volatility (1Y) Calculated over the trailing 1-year period	45.21%	17.62%	+27.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.69%	19.16%	+24.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.69%	19.16%	+24.53%

CTEX vs. IQQQ - Expense Ratio Comparison

CTEX has a 0.58% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

CTEX vs. IQQQ - Dividend Comparison

CTEX's dividend yield for the trailing twelve months is around 2.00%, less than IQQQ's 5.25% yield.

Position	TTM	2025	2024	2023
CTEX ProShares S&P Kensho Cleantech ETF	2.00%	2.17%	0.57%	0.12%
IQQQ ProShares Nasdaq-100 High Income ETF	5.25%	10.34%	7.27%	0.00%

Frequently Asked Questions

Can I hold both CTEX and IQQQ in my portfolio?

CTEX and IQQQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTEX or IQQQ?

CTEX has higher volatility (15.69%) compared to IQQQ (7.78%). In terms of maximum drawdown, CTEX dropped -70.31% vs IQQQ's -20.41%.

Which ETF is better, CTEX or IQQQ?

On 1-year performance, CTEX leads with 62.54% vs 25.95% for IQQQ. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 7.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEX or IQQQ?

Over the 1-year period, CTEX has performed better with a 62.54% return vs 25.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEX or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.58% for CTEX.

Which ETF pays a higher dividend yield, CTEX or IQQQ?

IQQQ has the higher dividend yield at 5.25%, compared with 2.00% for CTEX.

What is the main difference between CTEX and IQQQ?

CTEX is categorized as Alternative Energy Equities, while IQQQ is Nasdaq-100. CTEX tracks S&P Kensho Cleantech Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.58% for CTEX and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.48 vs 1.39), 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.