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

Correlation

The correlation between QID and UVXY is -0.58. 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.


-0.50.00.51.0
Correlation: -0.6

Performance

QID vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

-100.00%-99.95%-99.90%-99.85%-99.80%-99.75%-99.70%-99.65%NovemberDecember2025FebruaryMarchApril
-99.75%
-100.00%
QID
UVXY

Key characteristics

Sharpe Ratio

QID:

-0.45

UVXY:

-0.13

Sortino Ratio

QID:

-0.35

UVXY:

0.90

Omega Ratio

QID:

0.95

UVXY:

1.11

Calmar Ratio

QID:

-0.22

UVXY:

-0.19

Martin Ratio

QID:

-0.87

UVXY:

-0.35

Ulcer Index

QID:

25.52%

UVXY:

54.08%

Daily Std Dev

QID:

50.01%

UVXY:

140.66%

Max Drawdown

QID:

-99.97%

UVXY:

-100.00%

Current Drawdown

QID:

-99.97%

UVXY:

-100.00%

Returns By Period

In the year-to-date period, QID achieves a 16.34% return, which is significantly lower than UVXY's 58.98% return. Over the past 10 years, QID has outperformed UVXY with an annualized return of -33.71%, while UVXY has yielded a comparatively lower -64.46% annualized return.


QID

YTD

16.34%

1M

7.96%

6M

6.56%

1Y

-18.31%

5Y*

-34.52%

10Y*

-33.71%

UVXY

YTD

58.98%

1M

69.88%

6M

18.40%

1Y

-2.28%

5Y*

-73.46%

10Y*

-64.46%

*Annualized

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QID vs. UVXY - Expense Ratio Comparison

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


Expense ratio chart for QID: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QID: 0.95%
Expense ratio chart for UVXY: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UVXY: 0.95%

Risk-Adjusted Performance

QID vs. UVXY — 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 1010
Overall Rank
The Sharpe Ratio Rank of QID is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of QID is 1010
Sortino Ratio Rank
The Omega Ratio Rank of QID is 1010
Omega Ratio Rank
The Calmar Ratio Rank of QID is 1212
Calmar Ratio Rank
The Martin Ratio Rank of QID is 1111
Martin Ratio Rank

UVXY
The Risk-Adjusted Performance Rank of UVXY is 3838
Overall Rank
The Sharpe Ratio Rank of UVXY is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of UVXY is 6868
Sortino Ratio Rank
The Omega Ratio Rank of UVXY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of UVXY is 1414
Calmar Ratio Rank
The Martin Ratio Rank of UVXY is 2222
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. UVXY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 chart of Sharpe ratio for QID, currently valued at -0.45, compared to the broader market-1.000.001.002.003.004.00
QID: -0.45
UVXY: -0.13
The chart of Sortino ratio for QID, currently valued at -0.35, compared to the broader market-2.000.002.004.006.008.00
QID: -0.35
UVXY: 0.90
The chart of Omega ratio for QID, currently valued at 0.95, compared to the broader market0.501.001.502.00
QID: 0.95
UVXY: 1.11
The chart of Calmar ratio for QID, currently valued at -0.22, compared to the broader market0.002.004.006.008.0010.0012.00
QID: -0.22
UVXY: -0.19
The chart of Martin ratio for QID, currently valued at -0.87, compared to the broader market0.0020.0040.0060.00
QID: -0.87
UVXY: -0.35

The current QID Sharpe Ratio is -0.45, which is lower than the UVXY Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of QID and UVXY, 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-1.50-1.00-0.500.00NovemberDecember2025FebruaryMarchApril
-0.45
-0.13
QID
UVXY

Dividends

QID vs. UVXY - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 5.83%, while UVXY has not paid dividends to shareholders.


TTM20242023202220212020201920182017
QID
ProShares UltraShort QQQ
5.83%8.00%5.64%0.15%0.00%0.92%2.54%1.38%0.07%
UVXY
ProShares Ultra VIX Short-Term Futures ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QID vs. UVXY - Drawdown Comparison

The maximum QID drawdown since its inception was -99.97%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QID and UVXY. For additional features, visit the drawdowns tool.


-100.00%-99.95%-99.90%-99.85%-99.80%-99.75%-99.70%-99.65%NovemberDecember2025FebruaryMarchApril
-99.75%
-100.00%
QID
UVXY

Volatility

QID vs. UVXY - Volatility Comparison

The current volatility for ProShares UltraShort QQQ (QID) is 35.71%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 71.08%. This indicates that QID experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
35.71%
71.08%
QID
UVXY