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QID vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QID vs. QQQM

Last updated Jun 5, 2026

QID (ProShares UltraShort QQQ) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, QID returned -32.35%/yr vs 17.94%/yr for QQQM. At a correlation of -1.00, they often move in opposite directions. QID charges 0.95%/yr vs 0.15%/yr for QQQM.

Performance

QID vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QID achieves a -31.33% return, which is significantly lower than QQQM's 20.73% return.

QID

1D
1.03%
1M
-15.20%
YTD
-31.33%
6M
-29.30%
1Y
-47.99%
3Y*
-39.14%
5Y*
-32.35%
10Y*
-38.80%

QQQM

1D
-0.54%
1M
8.67%
YTD
20.73%
6M
19.22%
1Y
40.83%
3Y*
28.64%
5Y*
17.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QID vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
QID
ProShares UltraShort QQQ		-31.33%-34.97%-34.06%-57.19%66.30%-44.93%-14.87%
QQQM
Invesco NASDAQ 100 ETF		20.73%20.85%25.68%55.01%-32.52%27.45%6.67%

Correlation

The correlation between QID and QQQM is -1.00, 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 (1Y)
Calculated over the trailing 1-year period

-1.00

Correlation (3Y)
Calculated over the trailing 3-year period

-1.00

Correlation (5Y)
Calculated over the trailing 5-year period

-1.00

Correlation (All Time)
Calculated using the full available price history since Oct 14, 2020

-1.00

The correlation between QID and QQQM has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

QID vs. QQQM - Sectors Allocation Comparison

Sectors
QID
QQQM

Financial Services

110.5%
0.2%

Basic Materials

-

1.1%

Communication Services

-

15.8%

Consumer Cyclical

-

12.3%

Consumer Defensive

-

7.7%

Energy

-

0.6%

Healthcare

-

4.2%

Industrials

-

2.8%

Real Estate

-

0.1%

Technology

-

53.8%

Utilities

-

1.4%

Financial Services

QID
110.5%
QQQM
0.2%

Basic Materials

QID

-

QQQM
1.1%

Communication Services

QID

-

QQQM
15.8%

Consumer Cyclical

QID

-

QQQM
12.3%

Consumer Defensive

QID

-

QQQM
7.7%

Energy

QID

-

QQQM
0.6%

Healthcare

QID

-

QQQM
4.2%

Industrials

QID

-

QQQM
2.8%

Real Estate

QID

-

QQQM
0.1%

Technology

QID

-

QQQM
53.8%

Utilities

QID

-

QQQM
1.4%

Compare stocks, funds, or ETFs

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

ProShares UltraShort QQQ

Invesco NASDAQ 100 ETF

Often compared with QID:
QID vs. SQQQQID vs. PSQQID vs. QQQQID vs. TQQQQID vs. UVXYQID vs. TZAQID vs. RWM
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. JEPQQQQM vs. FTEC

Return for Risk

QID vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QID
QID Risk / Return Rank: 00
Overall Rank
QID Sharpe Ratio Rank: 00
Sharpe Ratio Rank
QID Sortino Ratio Rank: 00
Sortino Ratio Rank
QID Omega Ratio Rank: 00
Omega Ratio Rank
QID Calmar Ratio Rank: 00
Calmar Ratio Rank
QID Martin Ratio Rank: 00
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 7575
Overall Rank
QQQM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQM Omega Ratio Rank: 7575
Omega Ratio Rank
QQQM Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQM Martin Ratio Rank: 7171
Martin Ratio Rank
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. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Invesco NASDAQ 100 ETF (QQQM). 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.

QIDQQQMDifference
Sharpe ratioReturn per unit of total volatility
-1.51
2.58

-4.09

Sortino ratioReturn per unit of downside risk
-2.53
3.38

-5.91

Omega ratioGain probability vs. loss probability

0.73

1.44

-0.71

Calmar ratioReturn relative to maximum drawdown

-0.97

3.43

-4.40

Martin ratioReturn relative to average drawdown

-1.91

13.15

-15.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QID vs. QQQM - Sharpe Ratio Comparison

The current QID Sharpe Ratio is -1.51, which is lower than the QQQM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of QID and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QIDQQQMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.51

2.58

-4.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.73

0.81

-1.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.87

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.81

0.84

-1.65

Drawdowns

QID vs. QQQM - Drawdown Comparison

The maximum QID drawdown since its inception was -99.99%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QID and QQQM.

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Drawdown Indicators

QIDQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-99.99%

-35.04%

-64.95%

Max Drawdown (1Y)

Largest decline over 1 year

-49.58%

-11.96%

-37.62%

Max Drawdown (3Y)

Largest decline over 3 years

-79.41%

-22.70%

-56.71%

Max Drawdown (5Y)

Largest decline over 5 years

-88.67%

-35.04%

-53.63%

Max Drawdown (10Y)

Largest decline over 10 years

-99.37%

—

—

Current Drawdown

Current decline from peak

-99.99%

-0.75%

-99.24%

Average Drawdown

Average peak-to-trough decline

-87.01%

-8.24%

-78.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

25.10%

3.11%

+21.99%

Volatility

QID vs. QQQM - Volatility Comparison

ProShares UltraShort QQQ (QID) has a higher volatility of 9.00% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.51%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QIDQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.00%

4.51%

+4.49%

Volatility (6M)

Calculated over the trailing 6-month period

24.28%

12.06%

+12.22%

Volatility (1Y)

Calculated over the trailing 1-year period

31.91%

15.91%

+16.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.75%

22.23%

+22.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.53%

22.11%

+22.42%

QID vs. QQQM - Expense Ratio Comparison

QID has a 0.95% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

QID vs. QQQM - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 7.56%, more than QQQM's 0.42% yield.

PositionTTM202520242023202220212020201920182017
QID
ProShares UltraShort QQQ		7.56%6.25%7.99%5.63%0.15%0.00%0.92%2.54%1.38%0.08%
QQQM
Invesco NASDAQ 100 ETF		0.42%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%

Frequently Asked Questions

QID and QQQM have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QID has higher volatility (9.00%) compared to QQQM (4.51%). In terms of maximum drawdown, QID dropped -99.99% vs QQQM's -35.04%.

On 5-year performance, QQQM leads with 17.94% vs -32.35% for QID. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQM has performed better with a 17.94% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQM is cheaper with a 0.15% expense ratio, compared with 0.95% for QID.

QID has the higher dividend yield at 7.56%, compared with 0.42% for QQQM.

QID is categorized as Leveraged Equities, while QQQM is Nasdaq-100. QID tracks NASDAQ-100 Index (-200%), while QQQM tracks NASDAQ-100 Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for QID and 0.15% for QQQM.

QQQM currently has the higher Sharpe Ratio (2.58 vs -1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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