QID vs. MSFT
QID (ProShares UltraShort QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, QID returned -37.32%/yr vs 24.97%/yr for MSFT. Their -0.74 correlation means they have often moved in opposite directions in the past.
Performance
QID vs. MSFT - 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 MSFT's -3.48% return. Over the past 10 years, QID has underperformed MSFT with an annualized return of -37.32%, while MSFT has yielded a comparatively higher 24.97% annualized 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%
MSFT
- 1D
- 3.02%
- 1M
- 19.01%
- 6M
- 8.48%
- YTD
- -3.48%
- 1Y
- -10.62%
- 3Y*
- 12.25%
- 5Y*
- 11.19%
- 10Y*
- 24.97%
- ALL TIME*
- 25.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.39B | $14.79B | $16.23B | |
| $255.66M | $222.38M | $304.58M |
QID vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | -21.02% | -34.97% | -34.06% | -57.19% | 66.30% | -44.93% | -69.71% | -49.57% | -9.90% | -44.00% |
MSFT Microsoft Corporation | -3.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between QID and MSFT is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | -0.74 |
Over the past year, the inverse relationship between QID and MSFT has weakened: their correlation has moved from -0.74 to -0.38, meaning they move in opposite directions less often than they have historically.
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Return for Risk
QID vs. MSFT — Risk / Return Rank
QID
MSFT
QID vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.95 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.35 | -0.37 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.63 | -0.71 |
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Drawdowns
QID vs. MSFT - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for QID and MSFT.
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Drawdown Indicators
| QID | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -69.38% | -30.61% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -34.50% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | -34.50% | -45.00% |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | -37.15% | -51.57% |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | -37.15% | -62.06% |
Current DrawdownCurrent decline from peak | -99.99% | -13.73% | -86.26% |
Average DrawdownAverage peak-to-trough decline | -87.09% | -21.80% | -65.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 19.35% | +4.85% |
Volatility
QID vs. MSFT - Volatility Comparison
The current volatility for ProShares UltraShort QQQ (QID) is 13.93%, while Microsoft Corporation (MSFT) has a volatility of 15.97%. This indicates that QID experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QID | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 15.97% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 26.41% | +5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 31.93% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 28.00% | +17.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 27.62% | +17.34% |
Dividends
QID vs. MSFT - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.46%, more than MSFT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.77% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
QID ProShares UltraShort QQQ | 7.46% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% | 0.00% | 0.00% |
Frequently Asked Questions
QID and MSFT have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (15.97%) compared to QID (13.93%). In terms of maximum drawdown, QID dropped -99.99% vs MSFT's -69.38%.
MSFT currently has the higher Sharpe Ratio (-0.39 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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