OILU vs. SQQQ
Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and ProShares UltraPro Short QQQ (SQQQ).
OILU and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILU or SQQQ.
Key characteristics
| OILU | SQQQ | |
|---|---|---|
| YTD Return | 4.18% | -49.51% |
| 1Y Return | -0.95% | -57.46% |
| 3Y Return (Ann) | 15.91% | -39.03% |
| Sharpe Ratio | -0.03 | -1.11 |
| Sortino Ratio | 0.34 | -1.94 |
| Omega Ratio | 1.04 | 0.79 |
| Calmar Ratio | -0.02 | -0.58 |
| Martin Ratio | -0.06 | -1.50 |
| Ulcer Index | 24.04% | 38.32% |
| Daily Std Dev | 54.67% | 51.63% |
| Max Drawdown | -67.43% | -100.00% |
| Current Drawdown | -57.18% | -100.00% |
Correlation
The correlation between OILU and SQQQ is -0.22. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
OILU vs. SQQQ - Performance Comparison
In the year-to-date period, OILU achieves a 4.18% return, which is significantly higher than SQQQ's -49.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OILU vs. SQQQ - Expense Ratio Comparison
Both OILU and SQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
OILU vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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.
Dividends
OILU vs. SQQQ - Dividend Comparison
OILU has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 9.75%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 9.75% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
OILU vs. SQQQ - Drawdown Comparison
The maximum OILU drawdown since its inception was -67.43%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for OILU and SQQQ. For additional features, visit the drawdowns tool.
Volatility
OILU vs. SQQQ - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and ProShares UltraPro Short QQQ (SQQQ) have volatilities of 15.69% and 14.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.