MYY vs. YQQQ
MYY (ProShares Short S&P Mid Cap400) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - MYY is a Inverse Equities fund tracking the S&P Mid Cap 400 (-100%), while YQQQ is a Derivative Income fund actively managed by YieldMax. MYY is passively managed, while YQQQ is actively managed. Over the past year, MYY returned -16.67% vs -14.25% for YQQQ. A 0.63 correlation means they provide meaningful diversification when combined. MYY charges 0.95%/yr vs 0.99%/yr for YQQQ.
Performance
MYY vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MYY achieves a -11.13% return, which is significantly lower than YQQQ's -8.94% 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%
YQQQ
- 1D
- 0.06%
- 1M
- -7.64%
- YTD
- -8.94%
- 6M
- -6.62%
- 1Y
- -14.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MYY vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -11.13% | -4.05% | -2.14% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -8.94% | -9.97% | -4.06% |
Correlation
The correlation between MYY and YQQQ is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | 0.63 |
The correlation between MYY and YQQQ has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
MYY vs. YQQQ — Risk / Return Rank
MYY
YQQQ
MYY vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.69 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.75 | -1.68 | -0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MYY | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | -1.14 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.53 | -0.77 | +0.25 |
Drawdowns
MYY vs. YQQQ - Drawdown Comparison
The maximum MYY drawdown since its inception was -95.08%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for MYY and YQQQ.
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Drawdown Indicators
| MYY | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.08% | -28.21% | -66.87% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -20.82% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -33.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.22% | — | — |
Current DrawdownCurrent decline from peak | -95.07% | -28.17% | -66.90% |
Average DrawdownAverage peak-to-trough decline | -72.15% | -14.22% | -57.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.56% | 8.52% | +1.04% |
Volatility
MYY vs. YQQQ - Volatility Comparison
ProShares Short S&P Mid Cap400 (MYY) has a higher volatility of 4.41% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 3.90%. This indicates that MYY's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYY | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.90% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 9.87% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 12.51% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 16.26% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 16.26% | +4.99% |
MYY vs. YQQQ - Expense Ratio Comparison
MYY has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Dividends
MYY vs. YQQQ - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 4.45%, less than YQQQ's 31.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 31.75% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MYY and YQQQ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYY has higher volatility (4.41%) compared to YQQQ (3.90%). In terms of maximum drawdown, MYY dropped -95.08% vs YQQQ's -28.21%.
On 1-year performance, YQQQ leads with -14.25% vs -16.67% for MYY. On fees, MYY is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YQQQ has performed better with a -14.25% return vs -16.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYY is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.
YQQQ has the higher dividend yield at 31.75%, compared with 4.45% for MYY.
MYY is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for MYY and 0.99% for YQQQ.
MYY currently has the higher Sharpe Ratio (-1.08 vs -1.14), 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.
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