PLTA vs. IQQQ

Last updated Jun 30, 2026

PLTA (ProShares Ultra PLTR) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - PLTA is a Leveraged Equities fund actively managed by ProShares, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. PLTA is actively managed, while IQQQ is passively managed. At a 0.48 correlation, their price movements are largely independent.

Performance

PLTA vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra PLTR (PLTA) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTA achieves a -66.27% return, which is significantly lower than IQQQ's 15.32% return.

PLTA

• 1D: 5.08%
• 1M: -47.59%
• YTD: -66.27%
• 6M: -68.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: 2.08%
• 1M: -2.09%
• YTD: 15.32%
• 6M: 14.11%
• 1Y: 29.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTA vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
PLTA ProShares Ultra PLTR	-66.27%	4.92%
IQQQ ProShares Nasdaq-100 High Income ETF	15.32%	6.10%

Correlation

The correlation between PLTA and IQQQ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.48

Return for Risk

PLTA vs. IQQQ — Risk / Return Rank

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

PLTA

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

IQQQ

IQQQ Risk / Return Rank: 58
IQQQ Sharpe Ratio Rank: 60
IQQQ Sortino Ratio Rank: 54
IQQQ Omega Ratio Rank: 55
IQQQ Calmar Ratio Rank: 62
IQQQ Martin Ratio Rank: 58

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.

PLTA vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra PLTR (PLTA) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

	PLTA	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.26	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.63	—
Martin ratio: Return relative to average drawdown	—	8.90	—

Drawdowns

PLTA vs. IQQQ - Drawdown Comparison

The maximum PLTA drawdown since its inception was -80.03%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for PLTA and IQQQ.

Drawdown Indicators

	PLTA	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-80.03%	-20.41%	-59.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.13%	—
Current Drawdown Current decline from peak	-76.86%	-3.16%	-73.70%
Average Drawdown Average peak-to-trough decline	-42.07%	-3.63%	-38.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.29%	—

Volatility

Volatility by Period

	PLTA	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	105.70%	17.15%	+88.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.70%	19.08%	+86.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.70%	19.08%	+86.62%

Dividends

PLTA vs. IQQQ - Dividend Comparison

PLTA's dividend yield for the trailing twelve months is around 4.34%, less than IQQQ's 4.55% yield.

Position	TTM	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	4.55%	10.34%	7.27%
PLTA ProShares Ultra PLTR	4.34%	0.75%	0.00%

Frequently Asked Questions

Can I hold both PLTA and IQQQ in my portfolio?

PLTA and IQQQ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, PLTA or IQQQ?

IQQQ has the higher dividend yield at 4.55%, compared with 4.34% for PLTA.

What is the main difference between PLTA and IQQQ?

PLTA is categorized as Leveraged Equities, while IQQQ is Nasdaq-100.