PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
QID vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-20.00%
23.50%
QID
TQQQ

Returns By Period

In the year-to-date period, QID achieves a -32.53% return, which is significantly lower than TQQQ's 55.41% return. Over the past 10 years, QID has underperformed TQQQ with an annualized return of -35.52%, while TQQQ has yielded a comparatively higher 34.39% annualized return.


QID

YTD

-32.53%

1M

-3.41%

6M

-18.83%

1Y

-38.42%

5Y (annualized)

-40.98%

10Y (annualized)

-35.52%

TQQQ

YTD

55.41%

1M

3.57%

6M

23.50%

1Y

78.24%

5Y (annualized)

34.24%

10Y (annualized)

34.39%

Key characteristics


QIDTQQQ
Sharpe Ratio-1.121.55
Sortino Ratio-1.732.01
Omega Ratio0.811.27
Calmar Ratio-0.391.57
Martin Ratio-1.436.44
Ulcer Index27.28%12.48%
Daily Std Dev34.85%51.79%
Max Drawdown-99.97%-81.66%
Current Drawdown-99.97%-9.06%

Compare stocks, funds, or ETFs

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


QID vs. TQQQ - Expense Ratio Comparison

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


QID
ProShares UltraShort QQQ
Expense ratio chart for QID: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.0-1.0

The correlation between QID and TQQQ is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

QID vs. TQQQ - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for QID, currently valued at -1.12, compared to the broader market0.002.004.00-1.121.55
The chart of Sortino ratio for QID, currently valued at -1.73, compared to the broader market-2.000.002.004.006.008.0010.00-1.732.01
The chart of Omega ratio for QID, currently valued at 0.81, compared to the broader market0.501.001.502.002.503.000.811.27
The chart of Calmar ratio for QID, currently valued at -0.39, compared to the broader market0.005.0010.0015.00-0.391.57
The chart of Martin ratio for QID, currently valued at -1.43, compared to the broader market0.0020.0040.0060.0080.00100.00-1.436.44
QID
TQQQ

The current QID Sharpe Ratio is -1.12, which is lower than the TQQQ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of QID and TQQQ, 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-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-1.12
1.55
QID
TQQQ

Dividends

QID vs. TQQQ - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 9.21%, more than TQQQ's 1.22% yield.


TTM2023202220212020201920182017201620152014
QID
ProShares UltraShort QQQ
9.21%5.64%0.15%0.00%0.92%2.54%1.38%0.07%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.22%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

QID vs. TQQQ - Drawdown Comparison

The maximum QID drawdown since its inception was -99.97%, 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. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-99.88%
-9.06%
QID
TQQQ

Volatility

QID vs. TQQQ - Volatility Comparison

The current volatility for ProShares UltraShort QQQ (QID) is 10.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.26%. 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.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
10.82%
16.26%
QID
TQQQ