NVDB vs. IQQQ

Last updated Aug 2, 2026

NVDB (ProShares Ultra NVDA) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - NVDB is a Leveraged Equities fund tracking the NVIDIA Corporation, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. NVDB charges 0.95%/yr vs 0.55%/yr for IQQQ.

Performance

NVDB vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra NVDA (NVDB) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDB achieves a -1.03% return, which is significantly lower than IQQQ's 10.08% return.

NVDB

• 1D: 5.52%
• 1M: 3.80%
• 6M: -4.26%
• YTD: -1.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IQQQ

• 1D: 0.73%
• 1M: -3.19%
• 6M: 8.63%
• YTD: 10.08%
• 1Y: 21.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQQ ProShares Nasdaq-100 High Income ETF	$2.00M	$2.37M	$2.93M
NVDB ProShares Ultra NVDA	$471.67K	$569.36K	$937.39K

NVDB vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
NVDB ProShares Ultra NVDA	-1.03%	1.98%
IQQQ ProShares Nasdaq-100 High Income ETF	10.08%	6.10%

Correlation

The correlation between NVDB and IQQQ is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.66

Return for Risk

NVDB vs. IQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDB

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

IQQQ

IQQQ Risk / Return Rank: 44
IQQQ Sharpe Ratio Rank: 43
IQQQ Sortino Ratio Rank: 41
IQQQ Omega Ratio Rank: 40
IQQQ Calmar Ratio Rank: 50
IQQQ Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDB vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

	NVDB	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.07	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.76	—
Martin ratio: Return relative to average drawdown	—	5.26	—

Drawdowns

NVDB vs. IQQQ - Drawdown Comparison

The maximum NVDB drawdown since its inception was -42.89%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for NVDB and IQQQ.

Drawdown Indicators

	NVDB	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.89%	-20.41%	-22.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.25%	—
Current Drawdown Current decline from peak	-31.90%	-7.56%	-24.34%
Average Drawdown Average peak-to-trough decline	-20.44%	-3.71%	-16.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.77%	—

Volatility

Volatility by Period

	NVDB	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.23%	18.47%	+55.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.23%	19.30%	+54.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.23%	19.30%	+54.93%

NVDB vs. IQQQ - Expense Ratio Comparison

NVDB has a 0.95% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

NVDB vs. IQQQ - Dividend Comparison

NVDB's dividend yield for the trailing twelve months is around 1.63%, less than IQQQ's 5.42% yield.

Position	TTM	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	5.37%	10.34%	7.27%
NVDB ProShares Ultra NVDA	1.63%	0.55%	0.00%

Frequently Asked Questions

Can I hold both NVDB and IQQQ in my portfolio?

NVDB and IQQQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDB or IQQQ?

On fees, IQQQ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDB or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.95% for NVDB.

Which ETF pays a higher dividend yield, NVDB or IQQQ?

IQQQ has the higher dividend yield at 5.37%, compared with 1.63% for NVDB.

What is the main difference between NVDB and IQQQ?

NVDB is categorized as Leveraged Equities, while IQQQ is Nasdaq-100. NVDB tracks NVIDIA Corporation, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.95% for NVDB and 0.55% for IQQQ.