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

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%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-18.52%
-100.00%
QID
UVXY

Returns By Period

In the year-to-date period, QID achieves a -32.13% return, which is significantly higher than UVXY's -47.94% return. Over the past 10 years, QID has outperformed UVXY with an annualized return of -35.60%, while UVXY has yielded a comparatively lower -65.88% annualized return.


QID

YTD

-32.13%

1M

-3.31%

6M

-17.40%

1Y

-37.74%

5Y (annualized)

-40.95%

10Y (annualized)

-35.60%

UVXY

YTD

-47.94%

1M

-15.40%

6M

-11.02%

1Y

-60.05%

5Y (annualized)

-69.61%

10Y (annualized)

-65.88%

Key characteristics


QIDUVXY
Sharpe Ratio-1.12-0.55
Sortino Ratio-1.75-0.60
Omega Ratio0.810.93
Calmar Ratio-0.39-0.61
Martin Ratio-1.45-1.30
Ulcer Index27.04%46.61%
Daily Std Dev34.95%110.84%
Max Drawdown-99.97%-100.00%
Current Drawdown-99.97%-100.00%

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. UVXY - Expense Ratio Comparison

Both QID and UVXY 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 UVXY: 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

-0.50.00.51.00.5

The correlation between QID and UVXY is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for QID, currently valued at -1.12, compared to the broader market0.002.004.006.00-1.12-0.55
The chart of Sortino ratio for QID, currently valued at -1.75, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.75-0.60
The chart of Omega ratio for QID, currently valued at 0.81, compared to the broader market0.501.001.502.002.503.000.810.93
The chart of Calmar ratio for QID, currently valued at -0.39, compared to the broader market0.005.0010.0015.00-0.39-0.61
The chart of Martin ratio for QID, currently valued at -1.45, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.45-1.30
QID
UVXY

The current QID Sharpe Ratio is -1.12, which is lower than the UVXY Sharpe Ratio of -0.55. 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-1.40-1.20-1.00-0.80-0.60-0.40JuneJulyAugustSeptemberOctoberNovember
-1.12
-0.55
QID
UVXY

Dividends

QID vs. UVXY - Dividend Comparison

QID's dividend yield for the trailing twelve months is around 9.15%, while UVXY has not paid dividends to shareholders.


TTM2023202220212020201920182017
QID
ProShares UltraShort QQQ
9.15%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%

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%JuneJulyAugustSeptemberOctoberNovember
-99.78%
-100.00%
QID
UVXY

Volatility

QID vs. UVXY - Volatility Comparison

The current volatility for ProShares UltraShort QQQ (QID) is 11.31%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 29.92%. 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.


0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
11.31%
29.92%
QID
UVXY