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QID vs. TQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QID vs. TQQQ

Last updated Jun 23, 2026

QID (ProShares UltraShort QQQ) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares - QID tracks the NASDAQ-100 Index (-200%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, QID returned -39.47%/yr vs 47.00%/yr for TQQQ. At a correlation of -1.00, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

QID vs. TQQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, QID achieves a -31.93% return, which is significantly lower than TQQQ's 56.90% return. Over the past 10 years, QID has underperformed TQQQ with an annualized return of -39.47%, while TQQQ has yielded a comparatively higher 47.00% 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%

TQQQ

1D
-0.35%
1M
6.09%
YTD
56.90%
6M
52.71%
1Y
129.55%
3Y*
63.58%
5Y*
24.47%
10Y*
47.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QID vs. TQQQ - 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%
TQQQ
ProShares UltraPro QQQ		56.90%34.35%58.27%198.04%-79.09%82.98%110.05%133.84%-19.79%118.06%

Correlation

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

QID vs. TQQQ - Sectors Allocation Comparison

Sectors
QID
TQQQ

Financial Services

93.8%
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
93.8%
TQQQ
0.2%

Basic Materials

QID

-

TQQQ
1.1%

Communication Services

QID

-

TQQQ
15.8%

Consumer Cyclical

QID

-

TQQQ
12.3%

Consumer Defensive

QID

-

TQQQ
7.7%

Energy

QID

-

TQQQ
0.6%

Healthcare

QID

-

TQQQ
4.2%

Industrials

QID

-

TQQQ
2.8%

Real Estate

QID

-

TQQQ
0.1%

Technology

QID

-

TQQQ
53.8%

Utilities

QID

-

TQQQ
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

ProShares UltraPro QQQ

Often compared with QID:
QID vs. SQQQQID vs. PSQQID vs. QQQQID vs. UVXYQID vs. RWMQID vs. TZAQID vs. SPY
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. UPROTQQQ vs. SPXLTQQQ vs. TECL

Return for Risk

QID vs. TQQQ — 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
TQQQ
TQQQ Risk / Return Rank: 6868
Overall Rank
TQQQ Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5959
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 6363
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 7272
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 6464
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. TQQQ - Risk-Adjusted Trends Comparison

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

QIDTQQQDifference
Sharpe ratioReturn per unit of total volatility
-1.40
2.49

-3.89

Sortino ratioReturn per unit of downside risk
-2.37
2.72

-5.09

Omega ratioGain probability vs. loss probability

0.75

1.36

-0.62

Calmar ratioReturn relative to maximum drawdown

-1.01

3.53

-4.54

Martin ratioReturn relative to average drawdown

-1.94

11.25

-13.20

QID vs. TQQQ - Sharpe Ratio Comparison

The current QID Sharpe Ratio is -1.40, which is lower than the TQQQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of QID and TQQQ, 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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Drawdowns

QID vs. TQQQ - Drawdown Comparison

The maximum QID drawdown since its inception was -99.99%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for QID and TQQQ.

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Drawdown Indicators

QIDTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-99.99%

-81.66%

-18.33%

Max Drawdown (1Y)

Largest decline over 1 year

-48.52%

-36.97%

-11.55%

Max Drawdown (3Y)

Largest decline over 3 years

-79.50%

-58.04%

-21.46%

Max Drawdown (5Y)

Largest decline over 5 years

-88.72%

-81.66%

-7.06%

Max Drawdown (10Y)

Largest decline over 10 years

-99.37%

-81.66%

-17.71%

Current Drawdown

Current decline from peak

-99.99%

-5.32%

-94.67%

Average Drawdown

Average peak-to-trough decline

-87.02%

-18.50%

-68.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.66%

11.56%

+15.10%

Volatility

QID vs. TQQQ - Volatility Comparison

The current volatility for ProShares UltraShort QQQ (QID) is 16.52%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 25.07%. This indicates that QID experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QIDTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.52%

25.07%

-8.55%

Volatility (6M)

Calculated over the trailing 6-month period

28.23%

42.17%

-13.94%

Volatility (1Y)

Calculated over the trailing 1-year period

35.23%

52.51%

-17.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.26%

67.26%

-22.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.81%

66.36%

-21.55%

QID vs. TQQQ - Expense Ratio Comparison

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

Dividends

QID vs. TQQQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 7.63%, more than TQQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
QID
ProShares UltraShort QQQ		7.63%6.25%7.99%5.63%0.15%0.00%0.92%2.54%1.38%0.08%0.00%0.00%
TQQQ
ProShares UltraPro QQQ		0.38%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Frequently Asked Questions

QID and TQQQ 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.

TQQQ has higher volatility (25.07%) compared to QID (16.52%). In terms of maximum drawdown, QID dropped -99.99% vs TQQQ's -81.66%.

On 10-year performance, TQQQ leads with 47.00% vs -39.47% for QID. 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, TQQQ has performed better with a 47.00% return vs -39.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QID has the higher dividend yield at 7.63%, compared with 0.38% for TQQQ.

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

TQQQ currently has the higher Sharpe Ratio (2.49 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.

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