MYY vs. QLD
MYY (ProShares Short S&P Mid Cap400) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - MYY is a Inverse Equities fund tracking the S&P Mid Cap 400 (-100%), while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past 10 years, MYY returned -11.12%/yr vs 36.10%/yr for QLD. At a correlation of -0.76, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
MYY vs. QLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MYY achieves a -11.13% return, which is significantly lower than QLD's 42.06% return. Over the past 10 years, MYY has underperformed QLD with an annualized return of -11.12%, while QLD has yielded a comparatively higher 36.10% annualized return.
MYY
- 1D
- 0.02%
- 1M
- -3.52%
- YTD
- -11.13%
- 6M
- -11.03%
- 1Y
- -16.67%
- 3Y*
- -9.90%
- 5Y*
- -5.92%
- 10Y*
- -11.12%
QLD
- 1D
- -0.53%
- 1M
- 21.54%
- YTD
- 42.06%
- 6M
- 37.45%
- 1Y
- 85.49%
- 3Y*
- 50.15%
- 5Y*
- 25.75%
- 10Y*
- 36.10%
MYY vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -11.13% | -4.05% | -7.08% | -9.46% | 10.23% | -23.04% | -25.94% | -19.98% | 12.79% | -14.63% |
QLD ProShares Ultra QQQ | 42.06% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between MYY and QLD is -0.63, 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 (1Y) Calculated over the trailing 1-year period | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | -0.76 |
The correlation between MYY and QLD shifts across timeframes, from -0.76 (all time) to -0.63 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MYY vs. QLD — Risk / Return Rank
MYY
QLD
MYY vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) and ProShares Ultra QQQ (QLD). 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.
| MYY | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.08 | 2.70 | -3.78 |
Sortino ratioReturn per unit of downside risk | -1.45 | 3.16 | -4.61 |
Omega ratioGain probability vs. loss probability | 0.83 | 1.41 | -0.58 |
Calmar ratioReturn relative to maximum drawdown | -0.95 | 3.42 | -4.37 |
Martin ratioReturn relative to average drawdown | -1.75 | 11.92 | -13.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MYY | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 2.70 | -3.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.58 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.52 | 0.81 | -1.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.53 | 0.60 | -1.12 |
Drawdowns
MYY vs. QLD - Drawdown Comparison
The maximum MYY drawdown since its inception was -95.08%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for MYY and QLD.
Loading charts...
Drawdown Indicators
| MYY | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.08% | -83.13% | -11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -25.13% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -33.48% | -42.29% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -36.20% | -63.68% | +27.48% |
Max Drawdown (10Y)Largest decline over 10 years | -71.22% | -63.68% | -7.54% |
Current DrawdownCurrent decline from peak | -95.07% | -0.53% | -94.54% |
Average DrawdownAverage peak-to-trough decline | -72.15% | -18.17% | -53.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.56% | 7.20% | +2.36% |
Volatility
MYY vs. QLD - Volatility Comparison
The current volatility for ProShares Short S&P Mid Cap400 (MYY) is 4.41%, while ProShares Ultra QQQ (QLD) has a volatility of 8.90%. This indicates that MYY experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MYY | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 8.90% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 24.08% | -12.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 31.85% | -16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 44.74% | -25.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 44.56% | -23.31% |
MYY vs. QLD - Expense Ratio Comparison
Both MYY and QLD have an expense ratio of 0.95%.
Dividends
MYY vs. QLD - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 4.45%, more than QLD's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | 4.45% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.12% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Frequently Asked Questions
MYY and QLD have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLD has higher volatility (8.90%) compared to MYY (4.41%). In terms of maximum drawdown, MYY dropped -95.08% vs QLD's -83.13%.
On 10-year performance, QLD leads with 36.10% vs -11.12% for MYY. Both ETFs have the same 0.95% expense ratio. On volatility, MYY has been the lower-risk option at 4.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QLD has performed better with a 36.10% return vs -11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYY and QLD have the same expense ratio: 0.95% per year.
MYY has the higher dividend yield at 4.45%, compared with 0.12% for QLD.
MYY is categorized as Inverse Equities, while QLD is Leveraged Equities. MYY tracks S&P Mid Cap 400 (-100%), while QLD tracks NASDAQ-100 Index (200%).
QLD currently has the higher Sharpe Ratio (2.70 vs -1.08), 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.
Find the right allocation for MYY and QLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer