NVDB vs. TQQQ
NVDB (ProShares Ultra NVDA) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares - NVDB tracks the NVIDIA Corporation while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.
Performance
NVDB vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a -1.03% return, which is significantly lower than TQQQ's 23.06% return.
NVDB
- 1D
- 5.52%
- 1M
- 3.80%
- 6M
- -4.26%
- YTD
- -1.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TQQQ
- 1D
- 2.09%
- 1M
- -11.90%
- 6M
- 20.14%
- YTD
- 23.06%
- 1Y
- 56.87%
- 3Y*
- 43.81%
- 5Y*
- 15.36%
- 10Y*
- 39.46%
- ALL TIME*
- 42.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.67K | $569.36K | $937.39K | |
| $4.37B | $4.57B | $5.33B |
NVDB vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | -1.03% | 1.98% |
TQQQ ProShares UltraPro QQQ | 23.06% | 12.58% |
Correlation
The correlation between NVDB and TQQQ 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 |
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Return for Risk
NVDB vs. TQQQ — Risk / Return Rank
NVDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TQQQ
NVDB vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.29 | — |
| Martin ratioReturn relative to average drawdown | — | 3.60 | — |
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Drawdowns
NVDB vs. TQQQ - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NVDB and TQQQ.
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Drawdown Indicators
| NVDB | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -81.66% | +38.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -31.90% | -25.74% | -6.16% |
Average DrawdownAverage peak-to-trough decline | -20.44% | -18.49% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.24% | — |
Volatility
NVDB vs. TQQQ - Volatility Comparison
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Volatility by Period
| NVDB | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.23% | 57.62% | +16.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.23% | 68.04% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.23% | 66.57% | +7.66% |
NVDB vs. TQQQ - Expense Ratio Comparison
Both NVDB and TQQQ have an expense ratio of 0.95%.
Dividends
NVDB vs. TQQQ - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.63%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDB ProShares Ultra NVDA | 1.63% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.58% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
NVDB and TQQQ 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.
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 TQQQ have the same expense ratio: 0.95% per year.
NVDB has the higher dividend yield at 1.63%, compared with 0.58% for TQQQ.
NVDB tracks NVIDIA Corporation, while TQQQ tracks NASDAQ-100 Index (300%).
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