EMTY vs. SQQQ
EMTY (ProShares Decline of the Retail Store ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 5 years, EMTY returned -2.87%/yr vs -49.17%/yr for SQQQ. At a 0.47 correlation, their price movements are largely independent. EMTY charges 0.66%/yr vs 0.95%/yr for SQQQ.
Performance
EMTY vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EMTY achieves a 1.09% return, which is significantly higher than SQQQ's -45.27% return.
EMTY
- 1D
- -0.32%
- 1M
- 1.81%
- YTD
- 1.09%
- 6M
- 3.80%
- 1Y
- 1.60%
- 3Y*
- -4.69%
- 5Y*
- -2.87%
- 10Y*
- —
SQQQ
- 1D
- 0.76%
- 1M
- -26.37%
- YTD
- -45.27%
- 6M
- -42.79%
- 1Y
- -65.16%
- 3Y*
- -56.19%
- 5Y*
- -49.17%
- 10Y*
- -56.01%
EMTY vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 1.09% | -1.76% | -4.13% | 0.27% | 4.32% | -37.39% | -31.92% | -8.65% | 11.16% | -14.16% |
SQQQ ProShares UltraPro Short QQQ | -45.27% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -3.14% |
Correlation
The correlation between EMTY and SQQQ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2017 | 0.47 |
The correlation between EMTY and SQQQ shifts across timeframes, from 0.29 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMTY vs. SQQQ — Risk / Return Rank
EMTY
SQQQ
EMTY vs. SQQQ - 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 UltraPro Short QQQ (SQQQ). 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.
| EMTY | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.72 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.99 | +1.10 |
| Martin ratioReturn relative to average drawdown | 0.20 | -1.82 | +2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMTY | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -1.37 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.74 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.88 | +0.45 |
Drawdowns
EMTY vs. SQQQ - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EMTY and SQQQ.
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Drawdown Indicators
| EMTY | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -100.00% | +22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -65.95% | +51.95% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -92.38% | +61.55% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -97.23% | +66.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -74.77% | -100.00% | +25.23% |
Average DrawdownAverage peak-to-trough decline | -54.01% | -92.40% | +38.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 35.73% | -27.62% |
Volatility
EMTY vs. SQQQ - Volatility Comparison
The current volatility for ProShares Decline of the Retail Store ETF (EMTY) is 6.00%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 13.75%. This indicates that EMTY experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTY | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 13.75% | -7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 36.45% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 47.79% | -30.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 66.64% | -44.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.67% | 66.11% | -40.44% |
EMTY vs. SQQQ - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Dividends
EMTY vs. SQQQ - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.45%, less than SQQQ's 12.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.45% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
SQQQ ProShares UltraPro Short QQQ | 12.48% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
EMTY and SQQQ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (13.75%) compared to EMTY (6.00%). In terms of maximum drawdown, EMTY dropped -77.62% vs SQQQ's -100.00%.
On 5-year performance, EMTY leads with -2.87% vs -49.17% for SQQQ. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMTY has performed better with a -2.87% return vs -49.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMTY is cheaper with a 0.66% expense ratio, compared with 0.95% for SQQQ.
SQQQ has the higher dividend yield at 12.48%, compared with 3.45% for EMTY.
EMTY is categorized as Inverse Equities, while SQQQ is Leveraged Equities. EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while SQQQ tracks NASDAQ-100 Index (-300%). Their fees differ too: 0.66% for EMTY and 0.95% for SQQQ.
EMTY currently has the higher Sharpe Ratio (0.09 vs -1.37), 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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