NVDB vs. SQQQ
NVDB (ProShares Ultra NVDA) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - NVDB tracks the NVIDIA Corporation while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. At a correlation of -0.64, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
NVDB vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a 8.52% return, which is significantly higher than SQQQ's -36.44% return.
NVDB
- 1D
- -11.96%
- 1M
- -4.46%
- YTD
- 8.52%
- 6M
- 12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- 14.38%
- 1M
- -5.26%
- YTD
- -36.44%
- 6M
- -33.01%
- 1Y
- -60.16%
- 3Y*
- -53.94%
- 5Y*
- -47.62%
- 10Y*
- -55.33%
NVDB vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | 8.52% | 2.15% |
SQQQ ProShares UltraPro Short QQQ | -36.44% | -16.51% |
Correlation
The correlation between NVDB and SQQQ is -0.64, 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 Sep 11, 2025 | -0.64 |
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Return for Risk
NVDB vs. SQQQ — Risk / Return Rank
NVDB
SQQQ
NVDB vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NVDB | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.21 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.87 | +1.07 |
Drawdowns
NVDB vs. SQQQ - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NVDB and SQQQ.
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Drawdown Indicators
| NVDB | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -100.00% | +57.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -65.71% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -25.33% | -100.00% | +74.67% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -92.40% | +73.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 36.16% | — |
Volatility
NVDB vs. SQQQ - Volatility Comparison
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Volatility by Period
| NVDB | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.10% | 50.01% | +24.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.10% | 66.90% | +7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.10% | 66.26% | +7.84% |
NVDB vs. SQQQ - Expense Ratio Comparison
Both NVDB and SQQQ have an expense ratio of 0.95%.
Dividends
NVDB vs. SQQQ - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.00%, less than SQQQ's 10.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NVDB ProShares Ultra NVDA | 1.00% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 10.74% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
NVDB and SQQQ have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NVDB and SQQQ have the same expense ratio: 0.95% per year.
SQQQ has the higher dividend yield at 10.74%, compared with 1.00% for NVDB.
NVDB tracks NVIDIA Corporation, while SQQQ tracks NASDAQ-100 Index (-300%).
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