KRYP vs. SQQQ

Last updated Jun 30, 2026

KRYP (ProShares CoinDesk 20 Crypto ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - KRYP is a Cryptocurrency fund tracking the CoinDesk 20 Index, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. At a correlation of -0.65, they often move in opposite directions.

Performance

KRYP vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares CoinDesk 20 Crypto ETF (KRYP) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRYP

• 1D: 1.58%
• 1M: -17.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SQQQ

• 1D: -7.63%
• 1M: 1.81%
• YTD: -42.94%
• 6M: -41.05%
• 1Y: -59.27%
• 3Y*: -53.68%
• 5Y*: -46.93%
• 10Y*: -55.94%

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

KRYP vs. SQQQ - Yearly Performance Comparison

	2026 (YTD)
KRYP ProShares CoinDesk 20 Crypto ETF	-28.15%
SQQQ ProShares UltraPro Short QQQ	-42.49%

Correlation

The correlation between KRYP and SQQQ is -0.65, 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 (All Time) Calculated using the full available price history since Feb 4, 2026	-0.65

Return for Risk

KRYP vs. SQQQ — Risk / Return Rank

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

KRYP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SQQQ

SQQQ Risk / Return Rank: 1
SQQQ Sharpe Ratio Rank: 1
SQQQ Sortino Ratio Rank: 1
SQQQ Omega Ratio Rank: 1
SQQQ Calmar Ratio Rank: 1
SQQQ Martin Ratio Rank: 0

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.

KRYP vs. SQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares CoinDesk 20 Crypto ETF (KRYP) 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.

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.

	KRYP	SQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.10	—
Sortino ratio: Return per unit of downside risk	—	-1.92	—
Omega ratio: Gain probability vs. loss probability	—	0.79	—
Calmar ratio: Return relative to maximum drawdown	—	-0.96	—
Martin ratio: Return relative to average drawdown	—	-1.83	—

Drawdowns

KRYP vs. SQQQ - Drawdown Comparison

The maximum KRYP drawdown since its inception was -30.90%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for KRYP and SQQQ.

Drawdown Indicators

	KRYP	SQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-30.90%	-100.00%	+69.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-92.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.97%	—
Current Drawdown Current decline from peak	-28.15%	-100.00%	+71.85%
Average Drawdown Average peak-to-trough decline	-11.52%	-92.74%	+81.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	32.45%	—

Volatility

Volatility by Period

	KRYP	SQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	44.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.05%	54.25%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.05%	67.64%	-17.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.05%	66.46%	-16.41%

Dividends

KRYP vs. SQQQ - Dividend Comparison

KRYP's dividend yield for the trailing twelve months is around 0.08%, less than SQQQ's 10.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KRYP ProShares CoinDesk 20 Crypto ETF	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SQQQ ProShares UltraPro Short QQQ	10.47%	9.36%	10.23%	8.01%	0.28%	0.00%	2.15%	2.92%	1.47%	0.14%

Frequently Asked Questions

Can I hold both KRYP and SQQQ in my portfolio?

KRYP and SQQQ have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, KRYP or SQQQ?

SQQQ has the higher dividend yield at 10.47%, compared with 0.08% for KRYP.

What is the main difference between KRYP and SQQQ?

KRYP is categorized as Cryptocurrency, while SQQQ is Leveraged Equities. KRYP tracks CoinDesk 20 Index, while SQQQ tracks NASDAQ-100 Index (-300%).