QID vs. UVXY
Compare and contrast key facts about ProShares UltraShort QQQ (QID) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
QID and UVXY 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. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both QID and UVXY 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 UVXY.
Key characteristics
| QID | UVXY | |
|---|---|---|
| YTD Return | -34.89% | -50.59% |
| 1Y Return | -44.02% | -66.34% |
| 3Y Return (Ann) | -23.66% | -70.06% |
| 5Y Return (Ann) | -41.48% | -70.27% |
| 10Y Return (Ann) | -35.96% | -66.07% |
| Sharpe Ratio | -1.33 | -0.62 |
| Sortino Ratio | -2.19 | -0.97 |
| Omega Ratio | 0.76 | 0.89 |
| Calmar Ratio | -0.46 | -0.68 |
| Martin Ratio | -1.62 | -1.39 |
| Ulcer Index | 28.61% | 49.41% |
| Daily Std Dev | 34.80% | 110.32% |
| Max Drawdown | -99.97% | -100.00% |
| Current Drawdown | -99.97% | -100.00% |
Correlation
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.
Performance
QID vs. UVXY - Performance Comparison
In the year-to-date period, QID achieves a -34.89% return, which is significantly higher than UVXY's -50.59% return. Over the past 10 years, QID has outperformed UVXY with an annualized return of -35.96%, while UVXY has yielded a comparatively lower -66.07% 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. UVXY - Expense Ratio Comparison
Both QID and UVXY have an expense ratio of 0.95%.
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.
Dividends
QID vs. UVXY - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 9.54%, while UVXY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 9.54% | 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.
Volatility
QID vs. UVXY - Volatility Comparison
The current volatility for ProShares UltraShort QQQ (QID) is 10.34%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 27.60%. 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.