KRYP vs. SQQQ

Last updated Jul 21, 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 -0.57, 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: 1.77%
• 1M: 2.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SQQQ

• 1D: -0.26%
• 1M: 17.99%
• 6M: -34.34%
• YTD: -36.18%
• 1Y: -51.42%
• 3Y*: -51.15%
• 5Y*: -45.04%
• 10Y*: -54.75%
• ALL TIME*: -52.82%

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

KRYP vs. SQQQ - Yearly Performance Comparison

	2026 (YTD)
KRYP ProShares CoinDesk 20 Crypto ETF	-23.81%
SQQQ ProShares UltraPro Short QQQ	-35.68%

Correlation

The correlation between KRYP and SQQQ is -0.57, 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	-0.57

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: 2
SQQQ Sharpe Ratio Rank: 2
SQQQ Sortino Ratio Rank: 2
SQQQ Omega Ratio Rank: 2
SQQQ Calmar Ratio Rank: 2
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	—	-0.92	—
Sortino ratio: Return per unit of downside risk	—	-1.42	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.84	—
Martin ratio: Return relative to average drawdown	—	-1.53	—

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	—	-61.03%	—
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	-23.81%	-100.00%	+76.19%
Average Drawdown Average peak-to-trough decline	-13.23%	-92.76%	+79.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.69%	—

Volatility

Volatility by Period

	KRYP	SQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	48.99%	56.15%	-7.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.99%	67.92%	-18.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.99%	66.60%	-17.61%

Dividends

KRYP vs. SQQQ - Dividend Comparison

KRYP's dividend yield for the trailing twelve months is around 0.09%, less than SQQQ's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KRYP ProShares CoinDesk 20 Crypto ETF	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SQQQ ProShares UltraPro Short QQQ	9.36%	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 -0.57, 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 9.36%, compared with 0.09% 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%).