NVDB vs. TQQQ

Last updated Jun 6, 2026

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. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

NVDB vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra NVDA (NVDB) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDB achieves a 8.52% return, which is significantly lower than TQQQ's 38.79% return.

NVDB

• 1D: -11.96%
• 1M: -4.46%
• YTD: 8.52%
• 6M: 12.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -14.28%
• 1M: 2.07%
• YTD: 38.79%
• 6M: 30.51%
• 1Y: 103.91%
• 3Y*: 60.11%
• 5Y*: 24.09%
• 10Y*: 42.84%

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

NVDB vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
NVDB ProShares Ultra NVDA	8.52%	2.15%
TQQQ ProShares UltraPro QQQ	38.79%	12.46%

Correlation

The correlation between NVDB and TQQQ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.64

Return for Risk

NVDB vs. TQQQ — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 56
TQQQ Sharpe Ratio Rank: 64
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 54
TQQQ Calmar Ratio Rank: 58
TQQQ Martin Ratio Rank: 54

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.

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.

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

Sharpe Ratios by Period

	NVDB	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.71	-0.51

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.

Drawdown Indicators

	NVDB	TQQQ	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-25.33%	-16.25%	-9.08%
Average Drawdown Average peak-to-trough decline	-18.84%	-18.52%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.33%	—

Volatility

Volatility by Period

	NVDB	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	74.10%	49.81%	+24.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.10%	66.79%	+7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.10%	66.11%	+7.99%

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 1.00%, more than TQQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDB ProShares Ultra NVDA	1.00%	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	0.43%	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

Can I hold both NVDB and TQQQ in my portfolio?

NVDB and TQQQ 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.

Which ETF is better, NVDB or TQQQ?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDB or TQQQ?

NVDB and TQQQ have the same expense ratio: 0.95% per year.

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

NVDB has the higher dividend yield at 1.00%, compared with 0.43% for TQQQ.

What is the main difference between NVDB and TQQQ?

NVDB tracks NVIDIA Corporation, while TQQQ tracks NASDAQ-100 Index (300%).