QID vs. QTOP
QID (ProShares UltraShort QQQ) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, QID returned -39.08% vs 30.13% for QTOP. Their -0.99 correlation means they have often moved in opposite directions in the past. QID charges 0.95%/yr vs 0.20%/yr for QTOP.
Performance
QID vs. QTOP - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -27.57% return, which is significantly lower than QTOP's 17.52% return.
QID
- 1D
- 1.80%
- 1M
- 0.71%
- 6M
- -29.76%
- YTD
- -27.57%
- 1Y
- -39.08%
- 3Y*
- -36.18%
- 5Y*
- -28.93%
- 10Y*
- -37.66%
- ALL TIME*
- -34.80%
QTOP
- 1D
- -1.00%
- 1M
- -0.82%
- 6M
- 19.91%
- YTD
- 17.52%
- 1Y
- 30.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $269.32M | $234.86M | $300.05M | |
| $6.62M | $5.91M | $6.98M |
QID vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QID ProShares UltraShort QQQ | -27.57% | -34.97% | -8.41% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 17.52% | 22.19% | 6.25% |
Correlation
The correlation between QID and QTOP is -0.99, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | -0.99 |
The correlation between QID and QTOP has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.
QID vs. QTOP - Sectors Allocation Comparison
Sectors
QID
QTOP
Financial Services
-
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
-
Healthcare
-
Industrials
-
Real Estate
-
-
Technology
-
Utilities
-
-
Financial Services
QID
QTOP
-
Basic Materials
QID
-
QTOP
Communication Services
QID
-
QTOP
Consumer Cyclical
QID
-
QTOP
Consumer Defensive
QID
-
QTOP
Energy
QID
-
QTOP
-
Healthcare
QID
-
QTOP
Industrials
QID
-
QTOP
Real Estate
QID
-
QTOP
-
Technology
QID
-
QTOP
Utilities
QID
-
QTOP
-
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Return for Risk
QID vs. QTOP — Risk / Return Rank
QID
QTOP
QID vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and iShares Nasdaq Top 30 Stocks ETF (QTOP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QID | QTOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.25 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.32 | -3.21 |
| Martin ratioReturn relative to average drawdown | -1.67 | 7.17 | -8.83 |
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Drawdowns
QID vs. QTOP - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QID and QTOP.
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Drawdown Indicators
| QID | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -23.28% | -76.71% |
Max Drawdown (1Y)Largest decline over 1 year | -44.38% | -13.02% | -31.36% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -4.43% | -95.56% |
Average DrawdownAverage peak-to-trough decline | -87.10% | -3.93% | -83.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.73% | 4.21% | +19.52% |
Volatility
QID vs. QTOP - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 15.17% compared to iShares Nasdaq Top 30 Stocks ETF (QTOP) at 8.83%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QID | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.17% | 8.83% | +6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 18.31% | +14.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.13% | 21.59% | +17.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.94% | 23.91% | +22.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.03% | 23.91% | +21.12% |
QID vs. QTOP - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than QTOP's 0.20% expense ratio.
Dividends
QID vs. QTOP - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 8.14%, more than QTOP's 0.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 8.14% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.33% | 0.38% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QID and QTOP have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (15.17%) compared to QTOP (8.83%). In terms of maximum drawdown, QID dropped -99.99% vs QTOP's -23.28%.
On 1-year performance, QTOP leads with 30.13% vs -39.08% for QID. On fees, QTOP is cheaper at 0.20% per year. On volatility, QTOP has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTOP has performed better with a 30.13% return vs -39.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTOP is cheaper with a 0.20% expense ratio, compared with 0.95% for QID.
QID has the higher dividend yield at 8.14%, compared with 0.33% for QTOP.
QID is categorized as Leveraged Equities, while QTOP is Nasdaq-100. QID tracks NASDAQ-100 Index (-200%), while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for QID and 0.20% for QTOP.
QTOP currently has the higher Sharpe Ratio (1.40 vs -1.00), 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.
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