HYDR vs. TQQQ

Last updated Aug 2, 2026

HYDR (Global X Hydrogen ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - HYDR is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen Index - Benchmark TR Net, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, HYDR returned -18.53%/yr vs 15.36%/yr for TQQQ. Their 0.58 correlation means they have sometimes moved together and sometimes differently. HYDR charges 0.50%/yr vs 0.95%/yr for TQQQ.

Performance

HYDR vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Hydrogen ETF (HYDR) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYDR achieves a 28.48% return, which is significantly higher than TQQQ's 23.06% return.

HYDR

• 1D: 0.65%
• 1M: -19.71%
• 6M: 8.17%
• YTD: 28.48%
• 1Y: 82.55%
• 3Y*: -6.24%
• 5Y*: -18.53%
• 10Y*: —
• ALL TIME*: -18.84%

TQQQ

• 1D: 2.09%
• 1M: -11.90%
• 6M: 20.14%
• YTD: 23.06%
• 1Y: 56.87%
• 3Y*: 43.81%
• 5Y*: 15.36%
• 10Y*: 39.46%
• ALL TIME*: 42.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYDR Global X Hydrogen ETF	$2.92M	$2.57M	$5.93M
TQQQ ProShares UltraPro QQQ	$4.37B	$4.57B	$5.33B

HYDR vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	28.48%	43.73%	-33.08%	-36.49%	-47.24%	-15.79%
TQQQ ProShares UltraPro QQQ	23.06%	34.35%	58.27%	198.04%	-79.09%	27.26%

Correlation

The correlation between HYDR and TQQQ is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.58

The correlation between HYDR and TQQQ shifts across timeframes, from 0.53 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.

HYDR vs. TQQQ - Sectors Allocation Comparison

Sectors	HYDR	TQQQ
Industrials	85.8%	2.8%
Consumer Cyclical	5.4%	12.3%
Basic Materials	4.6%	1.1%
Technology	4.1%	53.8%
Energy	1.2%	0.6%
Utilities	1.2%	1.4%
Communication Services	-	15.8%
Consumer Defensive	-	7.7%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%

Return for Risk

HYDR vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HYDR

HYDR Risk / Return Rank: 47
HYDR Sharpe Ratio Rank: 51
HYDR Sortino Ratio Rank: 57
HYDR Omega Ratio Rank: 49
HYDR Calmar Ratio Rank: 41
HYDR Martin Ratio Rank: 38

TQQQ

TQQQ Risk / Return Rank: 36
TQQQ Sharpe Ratio Rank: 34
TQQQ Sortino Ratio Rank: 37
TQQQ Omega Ratio Rank: 36
TQQQ Calmar Ratio Rank: 37
TQQQ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HYDR vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) 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.

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.

	HYDR	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.24	0.83	+0.42
Sortino ratio: Return per unit of downside risk	1.96	1.38	+0.58
Omega ratio: Gain probability vs. loss probability	1.22	1.17	+0.05
Calmar ratio: Return relative to maximum drawdown	1.46	1.29	+0.17
Martin ratio: Return relative to average drawdown	3.93	3.60	+0.34

HYDR vs. TQQQ - Sharpe Ratio Comparison

The current HYDR Sharpe Ratio is 1.24, which is higher than the TQQQ Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of HYDR 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.

Drawdowns

HYDR vs. TQQQ - Drawdown Comparison

The maximum HYDR drawdown since its inception was -89.28%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HYDR and TQQQ.

Drawdown Indicators

	HYDR	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	-81.66%	-7.62%
Max Drawdown (1Y) Largest decline over 1 year	-49.90%	-36.97%	-12.93%
Max Drawdown (3Y) Largest decline over 3 years	-68.02%	-58.04%	-9.98%
Max Drawdown (5Y) Largest decline over 5 years	-89.28%	-81.66%	-7.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-70.50%	-25.74%	-44.76%
Average Drawdown Average peak-to-trough decline	-64.19%	-18.49%	-45.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.45%	13.24%	+5.21%

Volatility

HYDR vs. TQQQ - Volatility Comparison

The current volatility for Global X Hydrogen ETF (HYDR) is 19.14%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. This indicates that HYDR 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

	HYDR	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.14%	20.41%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	43.18%	47.79%	-4.61%
Volatility (1Y) Calculated over the trailing 1-year period	58.47%	57.62%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.15%	68.04%	-19.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.04%	66.57%	-18.53%

HYDR vs. TQQQ - Expense Ratio Comparison

HYDR has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

HYDR vs. TQQQ - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 3.25%, more than TQQQ's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYDR Global X Hydrogen ETF	3.25%	3.82%	0.40%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.58%	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 HYDR and TQQQ in my portfolio?

HYDR and TQQQ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYDR or TQQQ?

TQQQ has higher volatility (20.41%) compared to HYDR (19.14%). In terms of maximum drawdown, HYDR dropped -89.28% vs TQQQ's -81.66%.

Which ETF is better, HYDR or TQQQ?

On 5-year performance, TQQQ leads with 15.36% vs -18.53% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, HYDR has been the lower-risk option at 19.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYDR or TQQQ?

Over the 5-year period, TQQQ has performed better with a 15.36% return vs -18.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYDR or TQQQ?

HYDR is cheaper with a 0.50% expense ratio, compared with 0.95% for TQQQ.

Which ETF pays a higher dividend yield, HYDR or TQQQ?

HYDR has the higher dividend yield at 3.25%, compared with 0.58% for TQQQ.

What is the main difference between HYDR and TQQQ?

HYDR is categorized as Alternative Energy Equities, while TQQQ is Leveraged Equities. HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for HYDR and 0.95% for TQQQ.

Which has better risk-adjusted returns?

HYDR currently has the higher Sharpe Ratio (1.24 vs 0.83), 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.