QID vs. MQQQ

Last updated Jun 23, 2026

QID (ProShares UltraShort QQQ) and MQQQ (Tradr 2X Long Triple Q Monthly ETF) are both Leveraged Equities funds - QID tracks the NASDAQ-100 Index (-200%) while MQQQ tracks the NASDAQ-100 Index (200%). Both are passively managed. Over the past year, QID returned -49.05% vs 77.32% for MQQQ. At a correlation of -1.00, they often move in opposite directions. QID charges 0.95%/yr vs 1.30%/yr for MQQQ.

Performance

QID vs. MQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QID achieves a -31.93% return, which is significantly lower than MQQQ's 35.80% return.

QID

• 1D: 0.22%
• 1M: -6.88%
• YTD: -31.93%
• 6M: -30.64%
• 1Y: -49.05%
• 3Y*: -38.43%
• 5Y*: -31.45%
• 10Y*: -39.47%

MQQQ

• 1D: -0.84%
• 1M: 4.59%
• YTD: 35.80%
• 6M: 33.56%
• 1Y: 77.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QID vs. MQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QID ProShares UltraShort QQQ	-31.93%	-34.97%	-12.67%
MQQQ Tradr 2X Long Triple Q Monthly ETF	35.80%	31.67%	16.76%

Correlation

The correlation between QID and MQQQ is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-1.00
Correlation (All Time) Calculated using the full available price history since Sep 3, 2024	-1.00

The correlation between QID and MQQQ has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

Return for Risk

QID vs. MQQQ — Risk / Return Rank

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

QID

QID Risk / Return Rank: 0
QID Sharpe Ratio Rank: 0
QID Sortino Ratio Rank: 0
QID Omega Ratio Rank: 0
QID Calmar Ratio Rank: 0
QID Martin Ratio Rank: 0

MQQQ

MQQQ Risk / Return Rank: 63
MQQQ Sharpe Ratio Rank: 70
MQQQ Sortino Ratio Rank: 58
MQQQ Omega Ratio Rank: 59
MQQQ Calmar Ratio Rank: 64
MQQQ Martin Ratio Rank: 61

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.

QID vs. MQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). 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	MQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.40	2.20	-3.60
Sortino ratio: Return per unit of downside risk	-2.37	2.67	-5.04
Omega ratio: Gain probability vs. loss probability	0.75	1.35	-0.61
Calmar ratio: Return relative to maximum drawdown	-1.01	3.08	-4.09
Martin ratio: Return relative to average drawdown	-1.94	10.80	-12.74

QID vs. MQQQ - Sharpe Ratio Comparison

The current QID Sharpe Ratio is -1.40, which is lower than the MQQQ Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of QID and MQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QID vs. MQQQ - Drawdown Comparison

The maximum QID drawdown since its inception was -99.99%, which is greater than MQQQ's maximum drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for QID and MQQQ.

Drawdown Indicators

	QID	MQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-42.16%	-57.83%
Max Drawdown (1Y) Largest decline over 1 year	-48.52%	-25.23%	-23.29%
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	-99.37%	—	—
Current Drawdown Current decline from peak	-99.99%	-2.53%	-97.46%
Average Drawdown Average peak-to-trough decline	-87.02%	-7.16%	-79.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.66%	7.18%	+19.48%

Volatility

QID vs. MQQQ - Volatility Comparison

ProShares UltraShort QQQ (QID) and Tradr 2X Long Triple Q Monthly ETF (MQQQ) have volatilities of 16.52% and 16.43%, 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.

Volatility by Period

	QID	MQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	16.43%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	28.23%	28.35%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	35.23%	35.42%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.26%	44.19%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.81%	44.19%	+0.62%

QID vs. MQQQ - Expense Ratio Comparison

QID has a 0.95% expense ratio, which is lower than MQQQ's 1.30% expense ratio.

Dividends

QID vs. MQQQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 7.63%, more than MQQQ's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.48%	2.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QID ProShares UltraShort QQQ	7.63%	6.25%	7.99%	5.63%	0.15%	0.00%	0.92%	2.54%	1.38%	0.08%

Frequently Asked Questions

Can I hold both QID and MQQQ in my portfolio?

QID and MQQQ have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QID or MQQQ?

QID has higher volatility (16.52%) compared to MQQQ (16.43%). In terms of maximum drawdown, QID dropped -99.99% vs MQQQ's -42.16%.

Which ETF is better, QID or MQQQ?

On 1-year performance, MQQQ leads with 77.32% vs -49.05% for QID. On fees, QID is cheaper at 0.95% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QID or MQQQ?

Over the 1-year period, MQQQ has performed better with a 77.32% return vs -49.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QID or MQQQ?

QID is cheaper with a 0.95% expense ratio, compared with 1.30% for MQQQ.

Which ETF pays a higher dividend yield, QID or MQQQ?

QID has the higher dividend yield at 7.63%, compared with 1.48% for MQQQ.

What is the main difference between QID and MQQQ?

QID tracks NASDAQ-100 Index (-200%), while MQQQ tracks NASDAQ-100 Index (200%). They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for QID and 1.30% for MQQQ.

Which has better risk-adjusted returns?

MQQQ currently has the higher Sharpe Ratio (2.20 vs -1.40), 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.