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QID vs. ONEQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QID and ONEQ is -0.89. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.9

Performance

QID vs. ONEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%NovemberDecember2025FebruaryMarchApril
-99.96%
893.35%
QID
ONEQ

Key characteristics

Sharpe Ratio

QID:

-0.50

ONEQ:

0.46

Sortino Ratio

QID:

-0.45

ONEQ:

0.81

Omega Ratio

QID:

0.94

ONEQ:

1.11

Calmar Ratio

QID:

-0.25

ONEQ:

0.49

Martin Ratio

QID:

-1.02

ONEQ:

1.71

Ulcer Index

QID:

24.81%

ONEQ:

6.86%

Daily Std Dev

QID:

50.25%

ONEQ:

25.75%

Max Drawdown

QID:

-99.97%

ONEQ:

-55.09%

Current Drawdown

QID:

-99.97%

ONEQ:

-14.90%

Returns By Period

In the year-to-date period, QID achieves a 9.73% return, which is significantly higher than ONEQ's -11.13% return. Over the past 10 years, QID has underperformed ONEQ with an annualized return of -34.13%, while ONEQ has yielded a comparatively higher 14.14% annualized return.


QID

YTD

9.73%

1M

3.05%

6M

2.10%

1Y

-22.53%

5Y*

-35.27%

10Y*

-34.13%

ONEQ

YTD

-11.13%

1M

-6.14%

6M

-6.56%

1Y

9.70%

5Y*

15.92%

10Y*

14.14%

*Annualized

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QID vs. ONEQ - Expense Ratio Comparison

QID has a 0.95% expense ratio, which is higher than ONEQ's 0.21% expense ratio.


Expense ratio chart for QID: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QID: 0.95%
Expense ratio chart for ONEQ: current value is 0.21%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ONEQ: 0.21%

Risk-Adjusted Performance

QID vs. ONEQ — Risk-Adjusted Performance Rank

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

QID
The Risk-Adjusted Performance Rank of QID is 77
Overall Rank
The Sharpe Ratio Rank of QID is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of QID is 77
Sortino Ratio Rank
The Omega Ratio Rank of QID is 66
Omega Ratio Rank
The Calmar Ratio Rank of QID is 88
Calmar Ratio Rank
The Martin Ratio Rank of QID is 66
Martin Ratio Rank

ONEQ
The Risk-Adjusted Performance Rank of ONEQ is 5959
Overall Rank
The Sharpe Ratio Rank of ONEQ is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of ONEQ is 5959
Sortino Ratio Rank
The Omega Ratio Rank of ONEQ is 5959
Omega Ratio Rank
The Calmar Ratio Rank of ONEQ is 6363
Calmar Ratio Rank
The Martin Ratio Rank of ONEQ is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QID vs. ONEQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.


The chart of Sharpe ratio for QID, currently valued at -0.50, compared to the broader market-1.000.001.002.003.004.00
QID: -0.50
ONEQ: 0.46
The chart of Sortino ratio for QID, currently valued at -0.45, compared to the broader market-2.000.002.004.006.008.00
QID: -0.45
ONEQ: 0.81
The chart of Omega ratio for QID, currently valued at 0.94, compared to the broader market0.501.001.502.002.50
QID: 0.94
ONEQ: 1.11
The chart of Calmar ratio for QID, currently valued at -0.25, compared to the broader market0.002.004.006.008.0010.0012.00
QID: -0.25
ONEQ: 0.49
The chart of Martin ratio for QID, currently valued at -1.02, compared to the broader market0.0020.0040.0060.00
QID: -1.02
ONEQ: 1.71

The current QID Sharpe Ratio is -0.50, which is lower than the ONEQ Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of QID and ONEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.50
0.46
QID
ONEQ

Dividends

QID vs. ONEQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 6.18%, more than ONEQ's 0.71% yield.


TTM20242023202220212020201920182017201620152014
QID
ProShares UltraShort QQQ
6.18%8.00%5.64%0.15%0.00%0.92%2.54%1.38%0.07%0.00%0.00%0.00%
ONEQ
Fidelity NASDAQ Composite Index Tracking Stock
0.71%0.65%0.71%0.97%0.54%0.71%1.64%1.08%0.84%1.12%1.04%1.19%

Drawdowns

QID vs. ONEQ - Drawdown Comparison

The maximum QID drawdown since its inception was -99.97%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for QID and ONEQ. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-99.97%
-14.90%
QID
ONEQ

Volatility

QID vs. ONEQ - Volatility Comparison

ProShares UltraShort QQQ (QID) has a higher volatility of 36.22% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 17.26%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
36.22%
17.26%
QID
ONEQ