NEGG vs. SQQQ

Last updated Jun 26, 2026

NEGG (Newegg Commerce, Inc.) is a stock, while SQQQ (ProShares UltraPro Short QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Over the past 10 years, NEGG returned -24.00%/yr vs -56.54%/yr for SQQQ. At a correlation of -0.18, they often move in opposite directions.

Performance

NEGG vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newegg Commerce, Inc. (NEGG) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEGG achieves a -67.40% return, which is significantly lower than SQQQ's -40.98% return. Over the past 10 years, NEGG has outperformed SQQQ with an annualized return of -24.00%, while SQQQ has yielded a comparatively lower -56.54% annualized return.

NEGG

• 1D: -2.22%
• 1M: -15.13%
• YTD: -67.40%
• 6M: -69.76%
• 1Y: 35.32%
• 3Y*: -8.78%
• 5Y*: -39.70%
• 10Y*: -24.00%

SQQQ

• 1D: -2.42%
• 1M: 2.09%
• YTD: -40.98%
• 6M: -38.01%
• 1Y: -59.41%
• 3Y*: -54.63%
• 5Y*: -47.03%
• 10Y*: -56.54%

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

NEGG vs. SQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEGG Newegg Commerce, Inc.	-67.40%	540.26%	-68.54%	-3.82%	-87.37%	149.88%	52.57%	-70.00%	-35.23%	16.67%
SQQQ ProShares UltraPro Short QQQ	-40.98%	-53.05%	-49.79%	-73.61%	82.40%	-60.87%	-86.40%	-65.92%	-20.83%	-58.67%

Correlation

The correlation between NEGG and SQQQ is -0.29, 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	-0.29
Correlation (3Y) Calculated over the trailing 3-year period	-0.29
Correlation (5Y) Calculated over the trailing 5-year period	-0.37
Correlation (10Y) Calculated over the trailing 10-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Apr 22, 2010	-0.18

The correlation between NEGG and SQQQ shifts across timeframes, from -0.37 (5 years) to -0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NEGG vs. SQQQ — Risk / Return Rank

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

NEGG

NEGG Risk / Return Rank: 60
NEGG Sharpe Ratio Rank: 51
NEGG Sortino Ratio Rank: 75
NEGG Omega Ratio Rank: 71
NEGG Calmar Ratio Rank: 53
NEGG Martin Ratio Rank: 50

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.

NEGG vs. SQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Newegg Commerce, Inc. (NEGG) 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.

	NEGG	SQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.20	-1.11	+1.31
Sortino ratio: Return per unit of downside risk	1.85	-1.98	+3.82
Omega ratio: Gain probability vs. loss probability	1.21	0.79	+0.42
Calmar ratio: Return relative to maximum drawdown	0.41	-0.96	+1.36
Martin ratio: Return relative to average drawdown	0.59	-1.84	+2.43

NEGG vs. SQQQ - Sharpe Ratio Comparison

The current NEGG Sharpe Ratio is 0.20, which is higher than the SQQQ Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of NEGG and SQQQ, 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

NEGG vs. SQQQ - Drawdown Comparison

The maximum NEGG drawdown since its inception was -99.83%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NEGG and SQQQ.

Drawdown Indicators

	NEGG	SQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-100.00%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-87.27%	-62.23%	-25.04%
Max Drawdown (3Y) Largest decline over 3 years	-90.28%	-92.51%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-99.74%	-97.27%	-2.47%
Max Drawdown (10Y) Largest decline over 10 years	-99.74%	-99.98%	+0.24%
Current Drawdown Current decline from peak	-99.18%	-100.00%	+0.82%
Average Drawdown Average peak-to-trough decline	-85.56%	-92.73%	+7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.05%	33.76%	+26.29%

Volatility

NEGG vs. SQQQ - Volatility Comparison

The current volatility for Newegg Commerce, Inc. (NEGG) is 21.26%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.22%. This indicates that NEGG experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEGG	SQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.26%	26.22%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	63.56%	43.25%	+20.31%
Volatility (1Y) Calculated over the trailing 1-year period	180.16%	53.47%	+126.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.54%	67.54%	+85.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.27%	66.45%	+78.82%

Dividends

NEGG vs. SQQQ - Dividend Comparison

NEGG has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 10.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEGG Newegg Commerce, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SQQQ ProShares UltraPro Short QQQ	10.12%	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 NEGG and SQQQ in my portfolio?

NEGG and SQQQ have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEGG or SQQQ?

SQQQ has higher volatility (26.22%) compared to NEGG (21.26%). In terms of maximum drawdown, NEGG dropped -99.83% vs SQQQ's -100.00%.

Which has better risk-adjusted returns?

NEGG currently has the higher Sharpe Ratio (0.20 vs -1.11), 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.