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

Key characteristics


QIDONEQ
YTD Return-34.97%28.98%
1Y Return-46.47%43.62%
3Y Return (Ann)-23.63%8.00%
5Y Return (Ann)-41.46%19.03%
10Y Return (Ann)-36.07%16.47%
Sharpe Ratio-1.312.42
Sortino Ratio-2.143.13
Omega Ratio0.771.43
Calmar Ratio-0.463.19
Martin Ratio-1.4812.16
Ulcer Index30.90%3.47%
Daily Std Dev35.01%17.44%
Max Drawdown-99.97%-55.09%
Current Drawdown-99.97%0.00%

Correlation

-0.50.00.51.0-1.0

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.

Performance

QID vs. ONEQ - Performance Comparison

In the year-to-date period, QID achieves a -34.97% return, which is significantly lower than ONEQ's 28.98% return. Over the past 10 years, QID has underperformed ONEQ with an annualized return of -36.07%, while ONEQ has yielded a comparatively higher 16.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-20.00%
18.55%
QID
ONEQ

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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.


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.


QID
Sharpe ratio
The chart of Sharpe ratio for QID, currently valued at -1.30, compared to the broader market-2.000.002.004.00-1.31
Sortino ratio
The chart of Sortino ratio for QID, currently valued at -2.14, compared to the broader market0.005.0010.00-2.14
Omega ratio
The chart of Omega ratio for QID, currently valued at 0.77, compared to the broader market1.001.502.002.503.000.77
Calmar ratio
The chart of Calmar ratio for QID, currently valued at -0.46, compared to the broader market0.005.0010.0015.00-0.46
Martin ratio
The chart of Martin ratio for QID, currently valued at -1.48, compared to the broader market0.0020.0040.0060.0080.00100.00-1.48
ONEQ
Sharpe ratio
The chart of Sharpe ratio for ONEQ, currently valued at 2.42, compared to the broader market-2.000.002.004.002.42
Sortino ratio
The chart of Sortino ratio for ONEQ, currently valued at 3.13, compared to the broader market0.005.0010.003.13
Omega ratio
The chart of Omega ratio for ONEQ, currently valued at 1.43, compared to the broader market1.001.502.002.503.001.43
Calmar ratio
The chart of Calmar ratio for ONEQ, currently valued at 3.19, compared to the broader market0.005.0010.0015.003.19
Martin ratio
The chart of Martin ratio for ONEQ, currently valued at 12.16, compared to the broader market0.0020.0040.0060.0080.00100.0012.16

QID vs. ONEQ - Sharpe Ratio Comparison

The current QID Sharpe Ratio is -1.31, which is lower than the ONEQ Sharpe Ratio of 2.42. 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-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-1.31
2.42
QID
ONEQ

Dividends

QID vs. ONEQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 9.55%, more than ONEQ's 0.60% yield.


TTM20232022202120202019201820172016201520142013
QID
ProShares UltraShort QQQ
9.55%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
0.60%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%JuneJulyAugustSeptemberOctoberNovember
-99.97%
0
QID
ONEQ

Volatility

QID vs. ONEQ - Volatility Comparison

ProShares UltraShort QQQ (QID) has a higher volatility of 10.33% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 5.50%. 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%JuneJulyAugustSeptemberOctoberNovember
10.33%
5.50%
QID
ONEQ