QID vs. QQQ
Compare and contrast key facts about ProShares UltraShort QQQ (QID) and Invesco QQQ (QQQ).
QID and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QID is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-200%). It was launched on Jul 11, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QID and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QID or QQQ.
Performance
QID vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, QID achieves a -32.05% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, QID has underperformed QQQ with an annualized return of -35.58%, while QQQ has yielded a comparatively higher 18.08% annualized return.
QID
-32.05%
-2.89%
-17.40%
-38.50%
-40.92%
-35.58%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| QID | QQQ | |
|---|---|---|
| Sharpe Ratio | -1.08 | 1.71 |
| Sortino Ratio | -1.65 | 2.29 |
| Omega Ratio | 0.82 | 1.31 |
| Calmar Ratio | -0.38 | 2.19 |
| Martin Ratio | -1.39 | 7.95 |
| Ulcer Index | 27.16% | 3.73% |
| Daily Std Dev | 34.88% | 17.38% |
| Max Drawdown | -99.97% | -82.98% |
| Current Drawdown | -99.97% | -2.13% |
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QID vs. QQQ - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between QID and QQQ is -0.99. 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.
Risk-Adjusted Performance
QID vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Invesco QQQ (QQQ). 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.
Dividends
QID vs. QQQ - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 9.14%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 9.14% | 5.64% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QID vs. QQQ - Drawdown Comparison
The maximum QID drawdown since its inception was -99.97%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QID and QQQ. For additional features, visit the drawdowns tool.
Volatility
QID vs. QQQ - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 11.31% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.