QID vs. VXX
QID (ProShares UltraShort QQQ) and VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while VXX is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return. Both are passively managed. Over the past 10 years, QID returned -38.34%/yr vs -47.06%/yr for VXX. A 0.71 correlation means they provide meaningful diversification when combined. QID charges 0.95%/yr vs 0.89%/yr for VXX.
Performance
QID vs. VXX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QID achieves a -28.70% return, which is significantly lower than VXX's -20.17% return. Over the past 10 years, QID has outperformed VXX with an annualized return of -38.34%, while VXX has yielded a comparatively lower -47.06% annualized return.
QID
- 1D
- -0.64%
- 1M
- -0.57%
- 6M
- -25.87%
- YTD
- -28.70%
- 1Y
- -41.01%
- 3Y*
- -36.90%
- 5Y*
- -29.74%
- 10Y*
- -38.34%
VXX
- 1D
- -2.09%
- 1M
- -12.69%
- 6M
- -17.94%
- YTD
- -20.17%
- 1Y
- -53.25%
- 3Y*
- -40.81%
- 5Y*
- -46.25%
- 10Y*
- -47.06%
QID vs. VXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | -28.70% | -34.97% | -34.06% | -57.19% | 66.30% | -44.93% | -69.71% | -49.57% | -9.90% | -44.00% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -20.17% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -67.75% | 67.91% | -72.64% |
Correlation
The correlation between QID and VXX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2009 | 0.71 |
The correlation between QID and VXX has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QID vs. VXX — Risk / Return Rank
QID
VXX
QID vs. VXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QID | VXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.98 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.81 | -1.59 | -0.22 |
Loading charts...
Drawdowns
QID vs. VXX - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, roughly equal to the maximum VXX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QID and VXX.
Loading charts...
Drawdown Indicators
| QID | VXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -100.00% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -53.98% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | -80.49% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | -96.22% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -99.25% | -99.82% | +0.57% |
Current DrawdownCurrent decline from peak | -99.99% | -100.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -87.05% | -95.09% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.54% | 33.37% | -10.83% |
Volatility
QID vs. VXX - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 17.52% compared to iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) at 15.30%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QID | VXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.52% | 15.30% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 30.45% | 43.61% | -13.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 56.07% | -19.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.55% | 67.91% | -22.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.81% | 70.27% | -25.46% |
QID vs. VXX - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than VXX's 0.89% expense ratio.
Dividends
QID vs. VXX - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 8.26%, while VXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 8.26% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QID and VXX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (17.52%) compared to VXX (15.30%). In terms of maximum drawdown, QID dropped -99.99% vs VXX's -100.00%.
On 10-year performance, QID leads with -38.34% vs -47.06% for VXX. On fees, VXX is cheaper at 0.89% per year. On volatility, VXX has been the lower-risk option at 15.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QID has performed better with a -38.34% return vs -47.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VXX is cheaper with a 0.89% expense ratio, compared with 0.95% for QID.
QID has the higher dividend yield at 8.26%, compared with 0.00% for VXX.
QID is categorized as Leveraged Equities, while VXX is Volatility. QID tracks NASDAQ-100 Index (-200%), while VXX tracks S&P 500 VIX Short-Term Futures Index Total Return. They also come from different issuers: ProShares and Barclays Capital. Their fees differ too: 0.95% for QID and 0.89% for VXX.
VXX currently has the higher Sharpe Ratio (-0.95 vs -1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for QID and VXX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer