QID vs. TQQQ
Compare and contrast key facts about ProShares UltraShort QQQ (QID) and ProShares UltraPro QQQ (TQQQ).
QID and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QID is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-200%). It was launched on Jul 11, 2006. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both QID and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QID or TQQQ.
Key characteristics
| QID | TQQQ | |
|---|---|---|
| YTD Return | -34.45% | 63.05% |
| 1Y Return | -41.51% | 93.36% |
| 3Y Return (Ann) | -23.44% | 0.71% |
| 5Y Return (Ann) | -41.24% | 35.20% |
| 10Y Return (Ann) | -35.90% | 35.62% |
| Sharpe Ratio | -1.27 | 2.04 |
| Sortino Ratio | -2.05 | 2.42 |
| Omega Ratio | 0.77 | 1.33 |
| Calmar Ratio | -0.44 | 2.06 |
| Martin Ratio | -1.65 | 8.51 |
| Ulcer Index | 26.58% | 12.40% |
| Daily Std Dev | 34.73% | 51.62% |
| Max Drawdown | -99.97% | -81.66% |
| Current Drawdown | -99.97% | -4.59% |
Correlation
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.
Performance
QID vs. TQQQ - Performance Comparison
In the year-to-date period, QID achieves a -34.45% return, which is significantly lower than TQQQ's 63.05% return. Over the past 10 years, QID has underperformed TQQQ with an annualized return of -35.90%, while TQQQ has yielded a comparatively higher 35.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QID vs. TQQQ - Expense Ratio Comparison
Both QID and TQQQ have an expense ratio of 0.95%.
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.
Dividends
QID vs. TQQQ - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 9.48%, more than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 9.48% | 5.64% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.07% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 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.
Volatility
QID vs. TQQQ - Volatility Comparison
The current volatility for ProShares UltraShort QQQ (QID) is 9.81%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.68%. 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.