DINO vs. TQQQ

Last updated Jun 4, 2026

DINO (HF Sinclair Corp) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, DINO returned 14.27%/yr vs 45.33%/yr for TQQQ. At a 0.30 correlation, their price movements are largely independent.

Performance

DINO vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HF Sinclair Corp (DINO) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DINO having a 61.88% return and TQQQ slightly higher at 64.46%. Over the past 10 years, DINO has underperformed TQQQ with an annualized return of 14.27%, while TQQQ has yielded a comparatively higher 45.33% annualized return.

DINO

• 1D: 0.16%
• 1M: 2.87%
• YTD: 61.88%
• 6M: 44.23%
• 1Y: 106.75%
• 3Y*: 24.21%
• 5Y*: 19.35%
• 10Y*: 14.27%

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

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

DINO vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DINO HF Sinclair Corp	61.88%	38.14%	-34.36%	11.04%	61.94%	27.97%	-46.47%	1.94%	1.99%	63.28%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between DINO and TQQQ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.30

The correlation between DINO and TQQQ shifts across timeframes, from -0.01 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DINO vs. TQQQ — Risk / Return Rank

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

DINO

DINO Risk / Return Rank: 92
DINO Sharpe Ratio Rank: 94
DINO Sortino Ratio Rank: 91
DINO Omega Ratio Rank: 90
DINO Calmar Ratio Rank: 93
DINO Martin Ratio Rank: 93

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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.

DINO vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HF Sinclair Corp (DINO) 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.

	DINO	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.92	+0.05
Sortino ratio: Return per unit of downside risk	3.41	3.09	+0.32
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	6.11	3.75	+2.36
Martin ratio: Return relative to average drawdown	16.12	12.27	+3.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DINO vs. TQQQ - Sharpe Ratio Comparison

The current DINO Sharpe Ratio is 2.97, which is comparable to the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of DINO and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DINO	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	2.92	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.43	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.69	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.74	-0.36

Drawdowns

DINO vs. TQQQ - Drawdown Comparison

The maximum DINO drawdown since its inception was -85.99%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DINO and TQQQ.

Drawdown Indicators

	DINO	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-85.99%	-81.66%	-4.33%
Max Drawdown (1Y) Largest decline over 1 year	-17.57%	-36.97%	+19.40%
Max Drawdown (3Y) Largest decline over 3 years	-57.35%	-58.04%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-57.35%	-81.66%	+24.31%
Max Drawdown (10Y) Largest decline over 10 years	-77.35%	-81.66%	+4.31%
Current Drawdown Current decline from peak	-0.87%	-0.76%	-0.11%
Average Drawdown Average peak-to-trough decline	-28.04%	-18.52%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.65%	11.28%	-4.63%

Volatility

DINO vs. TQQQ - Volatility Comparison

The current volatility for HF Sinclair Corp (DINO) is 10.75%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that DINO experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DINO	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.75%	13.29%	-2.54%
Volatility (6M) Calculated over the trailing 6-month period	29.35%	36.04%	-6.69%
Volatility (1Y) Calculated over the trailing 1-year period	36.30%	47.60%	-11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.70%	66.53%	-27.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.23%	65.96%	-21.73%

Dividends

DINO vs. TQQQ - Dividend Comparison

DINO's dividend yield for the trailing twelve months is around 2.73%, more than TQQQ's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DINO HF Sinclair Corp	2.73%	4.34%	5.71%	3.24%	2.31%	1.07%	5.42%	2.64%	2.58%	2.58%	4.03%	3.28%
TQQQ ProShares UltraPro QQQ	0.36%	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

Can I hold both DINO and TQQQ in my portfolio?

DINO and TQQQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DINO or TQQQ?

TQQQ has higher volatility (13.29%) compared to DINO (10.75%). In terms of maximum drawdown, DINO dropped -85.99% vs TQQQ's -81.66%.

Which has better risk-adjusted returns?

DINO currently has the higher Sharpe Ratio (2.97 vs 2.92), 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.