EUDV vs. IQQQ

Last updated Jul 14, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - EUDV is a Europe Equities fund tracking the MSCI Europe Dividend Masters Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, EUDV returned 0.50% vs 25.95% for IQQQ. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.

Performance

EUDV vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Europe Dividend Growers ETF (EUDV) 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, EUDV achieves a 2.26% return, which is significantly lower than IQQQ's 13.67% return.

EUDV

• 1D: -0.34%
• 1M: -0.77%
• 6M: -0.32%
• YTD: 2.26%
• 1Y: 0.50%
• 3Y*: 6.80%
• 5Y*: 1.71%
• 10Y*: 5.35%

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)

EUDV vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUDV ProShares MSCI Europe Dividend Growers ETF	2.26%	14.05%	-1.41%
IQQQ ProShares Nasdaq-100 High Income ETF	13.67%	17.11%	14.82%

Correlation

The correlation between EUDV and IQQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.49

Return for Risk

EUDV vs. IQQQ — Risk / Return Rank

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

EUDV

EUDV Risk / Return Rank: 10
EUDV Sharpe Ratio Rank: 10
EUDV Sortino Ratio Rank: 9
EUDV Omega Ratio Rank: 9
EUDV Calmar Ratio Rank: 10
EUDV Martin Ratio Rank: 10

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.

EUDV vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) 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.

	EUDV	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.04	1.48	-1.45
Sortino ratio: Return per unit of downside risk	0.15	1.99	-1.84
Omega ratio: Gain probability vs. loss probability	1.02	1.26	-0.24
Calmar ratio: Return relative to maximum drawdown	0.05	2.34	-2.30
Martin ratio: Return relative to average drawdown	0.13	7.74	-7.61

EUDV vs. IQQQ - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is 0.04, which is lower than the IQQQ Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of EUDV 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

EUDV vs. IQQQ - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for EUDV and IQQQ.

Drawdown Indicators

	EUDV	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-20.41%	-17.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-11.13%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	—	—
Current Drawdown Current decline from peak	-3.68%	-4.54%	+0.86%
Average Drawdown Average peak-to-trough decline	-8.56%	-3.63%	-4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.36%	+0.57%

Volatility

EUDV vs. IQQQ - Volatility Comparison

The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.32%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 7.78%. This indicates that EUDV 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.

Volatility by Period

	EUDV	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	7.78%	-4.46%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	14.34%	-2.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	17.62%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	19.16%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	19.16%	-2.25%

EUDV vs. IQQQ - Expense Ratio Comparison

Both EUDV and IQQQ have an expense ratio of 0.55%.

Dividends

EUDV vs. IQQQ - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 2.11%, less than IQQQ's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	2.11%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
IQQQ ProShares Nasdaq-100 High Income ETF	5.25%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUDV and IQQQ in my portfolio?

EUDV and IQQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUDV or IQQQ?

IQQQ has higher volatility (7.78%) compared to EUDV (3.32%). In terms of maximum drawdown, EUDV dropped -37.51% vs IQQQ's -20.41%.

Which ETF is better, EUDV or IQQQ?

On 1-year performance, IQQQ leads with 25.95% vs 0.50% for EUDV. Both ETFs have the same 0.55% expense ratio. On volatility, EUDV has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or IQQQ?

Over the 1-year period, IQQQ has performed better with a 25.95% return vs 0.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDV or IQQQ?

EUDV and IQQQ have the same expense ratio: 0.55% per year.

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

IQQQ has the higher dividend yield at 5.25%, compared with 2.11% for EUDV.

What is the main difference between EUDV and IQQQ?

EUDV is categorized as Europe Equities, while IQQQ is Nasdaq-100. EUDV tracks MSCI Europe Dividend Masters Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.48 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.