ETHD vs. SQQQ
Compare and contrast key facts about ProShares UltraShort Ether ETF (ETHD) and ProShares UltraPro Short QQQ (SQQQ).
ETHD and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHD is an actively managed fund by ProShares. It was launched on Jun 7, 2024. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Performance
ETHD vs. SQQQ - Performance Comparison
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ETHD vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 24.55% | -72.49% | -42.57% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -28.62% |
Returns By Period
In the year-to-date period, ETHD achieves a 24.55% return, which is significantly higher than SQQQ's 13.99% return.
ETHD
- 1D
- -3.95%
- 1M
- -18.40%
- YTD
- 24.55%
- 6M
- 83.22%
- 1Y
- -84.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
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ETHD vs. SQQQ - Expense Ratio Comparison
ETHD has a 1.01% expense ratio, which is higher than SQQQ's 0.95% expense ratio.
Return for Risk
ETHD vs. SQQQ — Risk / Return Rank
ETHD
SQQQ
ETHD vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) 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.
| ETHD | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.56 | -0.84 | +0.27 |
Sortino ratioReturn per unit of downside risk | -0.61 | -1.14 | +0.53 |
Omega ratioGain probability vs. loss probability | 0.93 | 0.84 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.76 | -0.14 |
Martin ratioReturn relative to average drawdown | -1.01 | -0.87 | -0.14 |
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
| ETHD | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | -0.84 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | -0.85 | +0.44 |
Correlation
The correlation between ETHD and SQQQ is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ETHD vs. SQQQ - Dividend Comparison
ETHD's dividend yield for the trailing twelve months is around 85.90%, more than SQQQ's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 85.90% | 156.62% | 19.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
ETHD vs. SQQQ - Drawdown Comparison
The maximum ETHD drawdown since its inception was -95.59%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ETHD and SQQQ.
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Drawdown Indicators
| ETHD | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.59% | -100.00% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -95.50% | -75.23% | -20.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.96% | — |
Current DrawdownCurrent decline from peak | -90.27% | -100.00% | +9.73% |
Average DrawdownAverage peak-to-trough decline | -63.63% | -92.32% | +28.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 84.73% | 65.40% | +19.33% |
Volatility
ETHD vs. SQQQ - Volatility Comparison
ProShares UltraShort Ether ETF (ETHD) has a higher volatility of 40.47% compared to ProShares UltraPro Short QQQ (SQQQ) at 19.98%. This indicates that ETHD's price experiences larger fluctuations and is considered to be riskier 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
| ETHD | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.47% | 19.98% | +20.49% |
Volatility (6M)Calculated over the trailing 6-month period | 106.90% | 38.23% | +68.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 150.88% | 67.38% | +83.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.74% | 66.65% | +80.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.74% | 65.97% | +80.77% |