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

Correlation

The correlation between QID and SPY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

QID vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%December2025FebruaryMarchAprilMay
-99.96%
544.47%
QID
SPY

Key characteristics

Sharpe Ratio

QID:

-0.49

SPY:

0.56

Sortino Ratio

QID:

-0.43

SPY:

0.92

Omega Ratio

QID:

0.94

SPY:

1.14

Calmar Ratio

QID:

-0.24

SPY:

0.59

Martin Ratio

QID:

-1.13

SPY:

2.32

Ulcer Index

QID:

21.48%

SPY:

4.80%

Daily Std Dev

QID:

49.96%

SPY:

20.01%

Max Drawdown

QID:

-99.97%

SPY:

-55.19%

Current Drawdown

QID:

-99.97%

SPY:

-8.17%

Returns By Period

In the year-to-date period, QID achieves a 2.74% return, which is significantly higher than SPY's -3.97% return. Over the past 10 years, QID has underperformed SPY with an annualized return of -34.73%, while SPY has yielded a comparatively higher 12.19% annualized return.


QID

YTD

2.74%

1M

-27.43%

6M

0.91%

1Y

-22.74%

5Y*

-34.73%

10Y*

-34.73%

SPY

YTD

-3.97%

1M

11.26%

6M

-4.45%

1Y

9.89%

5Y*

15.66%

10Y*

12.19%

*Annualized

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QID vs. SPY - Expense Ratio Comparison

QID has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.


Risk-Adjusted Performance

QID vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QID
The Risk-Adjusted Performance Rank of QID is 66
Overall Rank
The Sharpe Ratio Rank of QID is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of QID is 77
Sortino Ratio Rank
The Omega Ratio Rank of QID is 77
Omega Ratio Rank
The Calmar Ratio Rank of QID is 88
Calmar Ratio Rank
The Martin Ratio Rank of QID is 55
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6262
Overall Rank
The Sharpe Ratio Rank of SPY is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6060
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6262
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QID vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and SPDR S&P 500 ETF (SPY). 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.


The current QID Sharpe Ratio is -0.49, which is lower than the SPY Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of QID and SPY, 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-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.49
0.56
QID
SPY

Dividends

QID vs. SPY - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 6.60%, more than SPY's 1.28% yield.


TTM20242023202220212020201920182017201620152014
QID
ProShares UltraShort QQQ
6.60%7.99%5.63%0.15%0.00%0.92%2.54%1.38%0.07%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.28%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

QID vs. SPY - Drawdown Comparison

The maximum QID drawdown since its inception was -99.97%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QID and SPY. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-99.97%
-8.17%
QID
SPY

Volatility

QID vs. SPY - Volatility Comparison

ProShares UltraShort QQQ (QID) has a higher volatility of 31.50% compared to SPDR S&P 500 ETF (SPY) at 12.55%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%December2025FebruaryMarchAprilMay
31.50%
12.55%
QID
SPY