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

Correlation

The correlation between QID and ONEQ is -0.96. 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.


-0.50.00.51.0-1.0

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%JulyAugustSeptemberOctoberNovemberDecember
-99.96%
1,034.59%
QID
ONEQ

Key characteristics

Sharpe Ratio

QID:

-1.05

ONEQ:

1.89

Sortino Ratio

QID:

-1.62

ONEQ:

2.46

Omega Ratio

QID:

0.82

ONEQ:

1.34

Calmar Ratio

QID:

-0.38

ONEQ:

2.53

Martin Ratio

QID:

-1.44

ONEQ:

9.53

Ulcer Index

QID:

26.17%

ONEQ:

3.51%

Daily Std Dev

QID:

35.79%

ONEQ:

17.75%

Max Drawdown

QID:

-99.97%

ONEQ:

-55.09%

Current Drawdown

QID:

-99.97%

ONEQ:

-2.80%

Returns By Period

In the year-to-date period, QID achieves a -35.88% return, which is significantly lower than ONEQ's 31.26% return. Over the past 10 years, QID has underperformed ONEQ with an annualized return of -35.81%, while ONEQ has yielded a comparatively higher 16.40% annualized return.


QID

YTD

-35.88%

1M

-5.64%

6M

-14.26%

1Y

-36.24%

5Y*

-40.43%

10Y*

-35.81%

ONEQ

YTD

31.26%

1M

3.37%

6M

11.28%

1Y

31.83%

5Y*

18.25%

10Y*

16.40%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


QID vs. ONEQ - Expense Ratio Comparison

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


QID
ProShares UltraShort QQQ
Expense ratio chart for QID: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for ONEQ: current value at 0.21% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.21%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for QID, currently valued at -1.05, compared to the broader market0.002.004.00-1.051.89
The chart of Sortino ratio for QID, currently valued at -1.62, compared to the broader market-2.000.002.004.006.008.0010.00-1.622.46
The chart of Omega ratio for QID, currently valued at 0.82, compared to the broader market0.501.001.502.002.503.000.821.34
The chart of Calmar ratio for QID, currently valued at -0.38, compared to the broader market0.005.0010.0015.00-0.382.53
The chart of Martin ratio for QID, currently valued at -1.44, compared to the broader market0.0020.0040.0060.0080.00100.00-1.449.53
QID
ONEQ

The current QID Sharpe Ratio is -1.05, which is lower than the ONEQ Sharpe Ratio of 1.89. 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-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-1.05
1.89
QID
ONEQ

Dividends

QID vs. ONEQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 6.50%, more than ONEQ's 0.67% yield.


TTM20232022202120202019201820172016201520142013
QID
ProShares UltraShort QQQ
6.50%5.64%0.15%0.00%0.92%2.54%1.38%0.07%0.00%0.00%0.00%0.00%
ONEQ
Fidelity NASDAQ Composite Index Tracking Stock
0.67%0.71%0.97%0.54%0.71%1.64%1.08%0.84%1.12%1.04%1.19%0.84%

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%JulyAugustSeptemberOctoberNovemberDecember
-99.97%
-2.80%
QID
ONEQ

Volatility

QID vs. ONEQ - Volatility Comparison

ProShares UltraShort QQQ (QID) has a higher volatility of 10.39% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.06%. 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.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
10.39%
5.06%
QID
ONEQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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