QID vs. GQQQ
QID (ProShares UltraShort QQQ) and GQQQ (Astoria US Quality Growth Kings ETF) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while GQQQ is a Quality Factor fund actively managed by Astoria. QID is passively managed, while GQQQ is actively managed. Over the past year, QID returned -35.07% vs 28.41% for GQQQ. Their -0.97 correlation means they have often moved in opposite directions in the past. QID charges 0.95%/yr vs 0.35%/yr for GQQQ.
Performance
QID vs. GQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -21.02% return, which is significantly lower than GQQQ's 16.19% return.
QID
- 1D
- -1.22%
- 1M
- 6.86%
- 6M
- -19.38%
- YTD
- -21.02%
- 1Y
- -35.07%
- 3Y*
- -33.07%
- 5Y*
- -27.97%
- 10Y*
- -37.32%
- ALL TIME*
- -34.54%
GQQQ
- 1D
- 0.73%
- 1M
- -1.32%
- 6M
- 13.08%
- YTD
- 16.19%
- 1Y
- 28.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $400.11K | $656.11K | $581.68K | |
| $255.66M | $222.38M | $304.58M |
QID vs. GQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QID ProShares UltraShort QQQ | -21.02% | -34.97% | -8.16% |
GQQQ Astoria US Quality Growth Kings ETF | 16.19% | 17.37% | 1.52% |
Correlation
The correlation between QID and GQQQ is -0.98, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024 | -0.97 |
The correlation between QID and GQQQ has been stable across timeframes, ranging from -0.98 to -0.97 - a consistent structural relationship.
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Return for Risk
QID vs. GQQQ — Risk / Return Rank
QID
GQQQ
QID vs. GQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Astoria US Quality Growth Kings ETF (GQQQ). 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.
| QID | GQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.25 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.40 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.34 | 9.16 | -10.50 |
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Drawdowns
QID vs. GQQQ - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than GQQQ's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for QID and GQQQ.
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Drawdown Indicators
| QID | GQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -22.36% | -77.63% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -11.02% | -33.63% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -4.80% | -95.19% |
Average DrawdownAverage peak-to-trough decline | -87.09% | -3.14% | -83.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 2.88% | +21.32% |
Volatility
QID vs. GQQQ - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 13.93% compared to Astoria US Quality Growth Kings ETF (GQQQ) at 5.96%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than GQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QID | GQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 5.96% | +7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 15.28% | +16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 18.34% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 20.73% | +25.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 20.73% | +24.23% |
QID vs. GQQQ - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than GQQQ's 0.35% expense ratio.
Dividends
QID vs. GQQQ - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.46%, more than GQQQ's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GQQQ Astoria US Quality Growth Kings ETF | 0.47% | 0.46% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QID ProShares UltraShort QQQ | 7.46% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
Frequently Asked Questions
QID and GQQQ have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (13.93%) compared to GQQQ (5.96%). In terms of maximum drawdown, QID dropped -99.99% vs GQQQ's -22.36%.
On 1-year performance, GQQQ leads with 28.41% vs -35.07% for QID. On fees, GQQQ is cheaper at 0.35% per year. On volatility, GQQQ has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GQQQ has performed better with a 28.41% return vs -35.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQQQ is cheaper with a 0.35% expense ratio, compared with 0.95% for QID.
QID has the higher dividend yield at 7.46%, compared with 0.47% for GQQQ.
QID is categorized as Leveraged Equities, while GQQQ is Quality Factor. They also come from different issuers: ProShares and Astoria. Their fees differ too: 0.95% for QID and 0.35% for GQQQ.
GQQQ currently has the higher Sharpe Ratio (1.44 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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