EMTY vs. IQQQ
EMTY (ProShares Decline of the Retail Store ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, EMTY returned 0.79% vs 24.13% for IQQQ. At a correlation of -0.37, they often move in opposite directions. EMTY charges 0.66%/yr vs 0.55%/yr for IQQQ.
Performance
EMTY vs. IQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EMTY achieves a -1.42% return, which is significantly lower than IQQQ's 12.64% return.
EMTY
- 1D
- -2.53%
- 1M
- 0.43%
- 6M
- 6.62%
- YTD
- -1.42%
- 1Y
- 0.79%
- 3Y*
- -3.76%
- 5Y*
- -3.31%
- 10Y*
- —
IQQQ
- 1D
- -1.64%
- 1M
- -3.09%
- 6M
- 11.42%
- YTD
- 12.64%
- 1Y
- 24.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTY vs. IQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | -1.42% | -1.76% | -0.09% |
IQQQ ProShares Nasdaq-100 High Income ETF | 12.64% | 17.11% | 14.82% |
Correlation
The correlation between EMTY and IQQQ is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | -0.37 |
The correlation between EMTY and IQQQ shifts across timeframes, from -0.37 (all time) to -0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMTY vs. IQQQ — Risk / Return Rank
EMTY
IQQQ
EMTY vs. IQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) 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.
| EMTY | IQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.24 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.18 | -2.12 |
| Martin ratioReturn relative to average drawdown | 0.12 | 7.13 | -7.00 |
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Drawdowns
EMTY vs. IQQQ - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for EMTY and IQQQ.
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Drawdown Indicators
| EMTY | IQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -20.41% | -57.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -11.13% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | — | — |
Current DrawdownCurrent decline from peak | -75.40% | -5.41% | -69.99% |
Average DrawdownAverage peak-to-trough decline | -54.54% | -3.63% | -50.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 3.39% | +3.09% |
Volatility
EMTY vs. IQQQ - Volatility Comparison
The current volatility for ProShares Decline of the Retail Store ETF (EMTY) is 6.25%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 7.12%. This indicates that EMTY experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTY | IQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 7.12% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 14.46% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 17.70% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 19.16% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 19.16% | +6.44% |
EMTY vs. IQQQ - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is higher than IQQQ's 0.55% expense ratio.
Dividends
EMTY vs. IQQQ - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.30%, less than IQQQ's 5.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.30% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
IQQQ ProShares Nasdaq-100 High Income ETF | 5.30% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMTY and IQQQ have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQQQ has higher volatility (7.12%) compared to EMTY (6.25%). In terms of maximum drawdown, EMTY dropped -77.62% vs IQQQ's -20.41%.
On 1-year performance, IQQQ leads with 24.13% vs 0.79% for EMTY. On fees, IQQQ is cheaper at 0.55% per year. On volatility, EMTY has been the lower-risk option at 6.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IQQQ has performed better with a 24.13% return vs 0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQQQ is cheaper with a 0.55% expense ratio, compared with 0.66% for EMTY.
IQQQ has the higher dividend yield at 5.30%, compared with 3.30% for EMTY.
EMTY is categorized as Inverse Equities, while IQQQ is Nasdaq-100. EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.66% for EMTY and 0.55% for IQQQ.
IQQQ currently has the higher Sharpe Ratio (1.37 vs 0.04), 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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