PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QID vs. SQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QID vs. SQQQ

Last updated Jun 23, 2026

QID (ProShares UltraShort QQQ) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - QID tracks the NASDAQ-100 Index (-200%) while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, QID returned -39.47%/yr vs -56.65%/yr for SQQQ. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.95% expense ratio.

Performance

QID vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and ProShares UltraPro Short QQQ (SQQQ). 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 -31.93% return, which is significantly higher than SQQQ's -45.65% return. Over the past 10 years, QID has outperformed SQQQ with an annualized return of -39.47%, while SQQQ has yielded a comparatively lower -56.65% annualized return.

QID

1D
0.22%
1M
-6.88%
YTD
-31.93%
6M
-30.64%
1Y
-49.05%
3Y*
-38.43%
5Y*
-31.45%
10Y*
-39.47%

SQQQ

1D
0.49%
1M
-11.01%
YTD
-45.65%
6M
-44.17%
1Y
-65.69%
3Y*
-55.28%
5Y*
-48.07%
10Y*
-56.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QID vs. SQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QID
ProShares UltraShort QQQ		-31.93%-34.97%-34.06%-57.19%66.30%-44.93%-69.71%-49.57%-9.90%-44.00%
SQQQ
ProShares UltraPro Short QQQ		-45.65%-53.05%-49.79%-73.61%82.40%-60.87%-86.40%-65.92%-20.83%-58.67%

Correlation

The correlation between QID and SQQQ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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 (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

1.00

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

QID vs. SQQQ - Sectors Allocation Comparison

Sectors
QID
SQQQ

Financial Services

93.8%
122.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

QID
93.8%
SQQQ
122.0%

Basic Materials

QID

-

SQQQ

-

Communication Services

QID

-

SQQQ

-

Consumer Cyclical

QID

-

SQQQ

-

Consumer Defensive

QID

-

SQQQ

-

Energy

QID

-

SQQQ

-

Healthcare

QID

-

SQQQ

-

Industrials

QID

-

SQQQ

-

Real Estate

QID

-

SQQQ

-

Technology

QID

-

SQQQ

-

Utilities

QID

-

SQQQ

-

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

ProShares UltraPro Short QQQ

Often compared with QID:
QID vs. PSQQID vs. QQQQID vs. TQQQQID vs. UVXYQID vs. RWMQID vs. TZAQID vs. SPY
Often compared with SQQQ:
SQQQ vs. TQQQSQQQ vs. QQQSQQQ vs. PSQSQQQ vs. SOXSSQQQ vs. SPXUSQQQ vs. UVXYSQQQ vs. UVIX

Return for Risk

QID vs. SQQQ — 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
SQQQ
SQQQ Risk / Return Rank: 00
Overall Rank
SQQQ Sharpe Ratio Rank: 00
Sharpe Ratio Rank
SQQQ Sortino Ratio Rank: 00
Sortino Ratio Rank
SQQQ Omega Ratio Rank: 00
Omega Ratio Rank
SQQQ Calmar Ratio Rank: 00
Calmar Ratio Rank
SQQQ Martin Ratio Rank: 00
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. SQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and ProShares UltraPro Short QQQ (SQQQ). 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.

QIDSQQQDifference
Sharpe ratioReturn per unit of total volatility
-1.40
-1.25

-0.15

Sortino ratioReturn per unit of downside risk
-2.37
-2.40

+0.03

Omega ratioGain probability vs. loss probability

0.75

0.74

0.00

Calmar ratioReturn relative to maximum drawdown

-1.01

-1.01

0.00

Martin ratioReturn relative to average drawdown

-1.94

-1.82

-0.12

QID vs. SQQQ - Sharpe Ratio Comparison

The current QID Sharpe Ratio is -1.40, which is comparable to the SQQQ Sharpe Ratio of -1.25. The chart below compares the historical Sharpe Ratios of QID and SQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

QID vs. SQQQ - Drawdown Comparison

The maximum QID drawdown since its inception was -99.99%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QID and SQQQ.

Loading charts...

Drawdown Indicators

QIDSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-99.99%

-100.00%

+0.01%

Max Drawdown (1Y)

Largest decline over 1 year

-48.52%

-65.19%

+16.67%

Max Drawdown (3Y)

Largest decline over 3 years

-79.50%

-92.51%

+13.01%

Max Drawdown (5Y)

Largest decline over 5 years

-88.72%

-97.27%

+8.55%

Max Drawdown (10Y)

Largest decline over 10 years

-99.37%

-99.98%

+0.61%

Current Drawdown

Current decline from peak

-99.99%

-100.00%

+0.01%

Average Drawdown

Average peak-to-trough decline

-87.02%

-92.73%

+5.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.66%

37.91%

-11.25%

Volatility

QID vs. SQQQ - Volatility Comparison

The current volatility for ProShares UltraShort QQQ (QID) is 16.52%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 24.74%. This indicates that QID experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QIDSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.52%

24.74%

-8.22%

Volatility (6M)

Calculated over the trailing 6-month period

28.23%

42.36%

-14.13%

Volatility (1Y)

Calculated over the trailing 1-year period

35.23%

52.78%

-17.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.26%

67.38%

-22.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.81%

66.51%

-21.70%

QID vs. SQQQ - Expense Ratio Comparison

Both QID and SQQQ have an expense ratio of 0.95%.

Dividends

QID vs. SQQQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 7.63%, less than SQQQ's 12.57% yield.

PositionTTM202520242023202220212020201920182017
QID
ProShares UltraShort QQQ		7.63%6.25%7.99%5.63%0.15%0.00%0.92%2.54%1.38%0.08%
SQQQ
ProShares UltraPro Short QQQ		12.57%9.36%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%

Frequently Asked Questions

With a correlation of 1.00, QID and SQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SQQQ has higher volatility (24.74%) compared to QID (16.52%). In terms of maximum drawdown, QID dropped -99.99% vs SQQQ's -100.00%.

On 10-year performance, QID leads with -39.47% vs -56.65% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, QID has been the lower-risk option at 16.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QID has performed better with a -39.47% return vs -56.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QID and SQQQ have the same expense ratio: 0.95% per year.

SQQQ has the higher dividend yield at 12.57%, compared with 7.63% for QID.

QID tracks NASDAQ-100 Index (-200%), while SQQQ tracks NASDAQ-100 Index (-300%).

SQQQ currently has the higher Sharpe Ratio (-1.25 vs -1.40), 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

Find the right allocation for QID and SQQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer