QID vs. NQ=F

Last updated Jul 12, 2026

QID (ProShares UltraShort QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while NQ=F (E-Mini Nasdaq 100 Futures) is an asset. At a correlation of -0.88, they often move in opposite directions.

Performance

QID vs. NQ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and E-Mini Nasdaq 100 Futures (NQ=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QID

• 1D: -0.64%
• 1M: -0.57%
• 6M: -25.87%
• YTD: -28.70%
• 1Y: -41.01%
• 3Y*: -36.90%
• 5Y*: -29.74%
• 10Y*: -38.34%

NQ=F

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QID vs. NQ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QID ProShares UltraShort QQQ	-28.70%	-34.97%	-34.06%	-57.19%	66.30%	-44.93%	-69.71%	-49.57%	-9.90%	-44.00%
NQ=F E-Mini Nasdaq 100 Futures	0.00%	0.00%	0.00%	24.43%	-32.46%	26.66%	47.22%	38.20%	-1.18%	31.76%

Correlation

The correlation between QID and NQ=F is -0.88, 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 (5Y) Calculated over the trailing 5-year period	-0.63
Correlation (10Y) Calculated over the trailing 10-year period	-0.78
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006	-0.88

The correlation between QID and NQ=F shifts across timeframes, from -0.88 (all time) to -0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

QID vs. NQ=F — Risk / Return Rank

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

QID

QID Risk / Return Rank: 1
QID Sharpe Ratio Rank: 1
QID Sortino Ratio Rank: 1
QID Omega Ratio Rank: 1
QID Calmar Ratio Rank: 1
QID Martin Ratio Rank: 0

NQ=F

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

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. NQ=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and E-Mini Nasdaq 100 Futures (NQ=F). 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	NQ=F	Difference
Sharpe ratio: Return per unit of total volatility	-1.10	—	—
Sortino ratio: Return per unit of downside risk	-1.72	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-0.91	—	—
Martin ratio: Return relative to average drawdown	-1.81	—	—

Drawdowns

Drawdown Indicators

	QID	NQ=F	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-44.65%	—	—
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	-99.25%	—	—
Current Drawdown Current decline from peak	-99.99%	—	—
Average Drawdown Average peak-to-trough decline	-87.05%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	22.54%	—	—

Volatility

Volatility by Period

	QID	NQ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.81%	—	—

Frequently Asked Questions

Can I hold both QID and NQ=F in my portfolio?

QID and NQ=F have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.