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. 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.
Performance
OILU vs. SQQQ - Performance Comparison
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OILU vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 112.51% | -16.50% | -21.65% | -32.50% | 151.08% | -17.87% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -49.79% | -73.61% | 82.40% | -5.86% |
Returns By Period
In the year-to-date period, OILU achieves a 112.51% return, which is significantly higher than SQQQ's 13.99% return.
OILU
- 1D
- -10.60%
- 1M
- 12.27%
- YTD
- 112.51%
- 6M
- 100.08%
- 1Y
- 45.27%
- 3Y*
- 7.13%
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
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OILU vs. SQQQ - Expense Ratio Comparison
Both OILU and SQQQ have an expense ratio of 0.95%.
Return for Risk
OILU vs. SQQQ — Risk / Return Rank
OILU
SQQQ
OILU vs. SQQQ - Risk-Adjusted Trends 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.
| OILU | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | -0.84 | +1.43 |
Sortino ratioReturn per unit of downside risk | 1.19 | -1.14 | +2.33 |
Omega ratioGain probability vs. loss probability | 1.17 | 0.84 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.76 | +1.67 |
Martin ratioReturn relative to average drawdown | 1.54 | -0.87 | +2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OILU | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | -0.84 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.85 | +1.05 |
Correlation
The correlation between OILU and SQQQ is -0.20. 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.
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 5.99%.
| TTM | 2025 | 2024 | 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% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
OILU vs. SQQQ - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, 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.
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Drawdown Indicators
| OILU | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -100.00% | +19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -52.04% | -75.23% | +23.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.96% | — |
Current DrawdownCurrent decline from peak | -42.85% | -100.00% | +57.15% |
Average DrawdownAverage peak-to-trough decline | -50.72% | -92.32% | +41.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.74% | 65.40% | -34.66% |
Volatility
OILU vs. SQQQ - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and ProShares UltraPro Short QQQ (SQQQ) have volatilities of 19.90% and 19.98%, 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.
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Volatility by Period
| OILU | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.90% | 19.98% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 43.84% | 38.23% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.03% | 67.38% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.31% | 66.65% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.31% | 65.97% | +15.34% |