QLD vs. AMD

Last updated Jun 9, 2026

QLD (ProShares Ultra QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (200%), while AMD (Advanced Micro Devices, Inc.) is a stock. Over the past 10 years, QLD returned 35.29%/yr vs 60.51%/yr for AMD. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

QLD vs. AMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ (QLD) and Advanced Micro Devices, Inc. (AMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLD achieves a 31.05% return, which is significantly lower than AMD's 128.95% return. Over the past 10 years, QLD has underperformed AMD with an annualized return of 35.29%, while AMD has yielded a comparatively higher 60.51% annualized return.

QLD

• 1D: 3.03%
• 1M: 0.58%
• YTD: 31.05%
• 6M: 26.63%
• 1Y: 69.67%
• 3Y*: 46.32%
• 5Y*: 23.57%
• 10Y*: 35.29%

AMD

• 1D: 5.14%
• 1M: 7.72%
• YTD: 128.95%
• 6M: 121.76%
• 1Y: 322.01%
• 3Y*: 57.74%
• 5Y*: 43.72%
• 10Y*: 60.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QLD vs. AMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QLD ProShares Ultra QQQ	31.05%	30.36%	42.82%	117.72%	-60.52%	54.67%	88.90%	81.69%	-8.31%	70.34%
AMD Advanced Micro Devices, Inc.	128.95%	77.30%	-18.06%	127.59%	-54.99%	56.91%	99.98%	148.43%	79.57%	-9.35%

Correlation

The correlation between QLD and AMD is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006	0.58

The correlation between QLD and AMD shifts across timeframes, from 0.58 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

QLD vs. AMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QLD

QLD Risk / Return Rank: 63
QLD Sharpe Ratio Rank: 72
QLD Sortino Ratio Rank: 59
QLD Omega Ratio Rank: 62
QLD Calmar Ratio Rank: 62
QLD Martin Ratio Rank: 59

AMD

AMD Risk / Return Rank: 97
AMD Sharpe Ratio Rank: 99
AMD Sortino Ratio Rank: 97
AMD Omega Ratio Rank: 96
AMD Calmar Ratio Rank: 98
AMD Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QLD vs. AMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and Advanced Micro Devices, Inc. (AMD). 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.

	QLD	AMD	Difference
Sharpe ratio: Return per unit of total volatility	2.10	4.91	-2.81
Sortino ratio: Return per unit of downside risk	2.52	4.51	-1.98
Omega ratio: Gain probability vs. loss probability	1.34	1.60	-0.26
Calmar ratio: Return relative to maximum drawdown	2.79	11.69	-8.90
Martin ratio: Return relative to average drawdown	9.64	24.15	-14.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QLD vs. AMD - Sharpe Ratio Comparison

The current QLD Sharpe Ratio is 2.10, which is lower than the AMD Sharpe Ratio of 4.91. The chart below compares the historical Sharpe Ratios of QLD and AMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QLD	AMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	4.91	-2.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.79	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	1.07	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.16	+0.42

Drawdowns

QLD vs. AMD - Drawdown Comparison

The maximum QLD drawdown since its inception was -83.13%, smaller than the maximum AMD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for QLD and AMD.

Drawdown Indicators

	QLD	AMD	Difference
Max Drawdown Largest peak-to-trough decline	-83.13%	-96.59%	+13.46%
Max Drawdown (1Y) Largest decline over 1 year	-25.13%	-27.76%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-42.29%	-63.00%	+20.71%
Max Drawdown (5Y) Largest decline over 5 years	-63.68%	-65.45%	+1.77%
Max Drawdown (10Y) Largest decline over 10 years	-63.68%	-65.45%	+1.77%
Current Drawdown Current decline from peak	-8.24%	-9.62%	+1.38%
Average Drawdown Average peak-to-trough decline	-18.16%	-56.67%	+38.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.25%	13.41%	-6.16%

Volatility

QLD vs. AMD - Volatility Comparison

The current volatility for ProShares Ultra QQQ (QLD) is 13.78%, while Advanced Micro Devices, Inc. (AMD) has a volatility of 22.76%. This indicates that QLD experiences smaller price fluctuations and is considered to be less risky than AMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QLD	AMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.78%	22.76%	-8.98%
Volatility (6M) Calculated over the trailing 6-month period	26.34%	49.01%	-22.67%
Volatility (1Y) Calculated over the trailing 1-year period	33.42%	66.18%	-32.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.95%	55.54%	-10.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.68%	56.93%	-12.25%

Dividends

QLD vs. AMD - Dividend Comparison

QLD's dividend yield for the trailing twelve months is around 0.13%, while AMD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMD Advanced Micro Devices, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLD ProShares Ultra QQQ	0.13%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%

Frequently Asked Questions

Can I hold both QLD and AMD in my portfolio?

QLD and AMD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QLD or AMD?

AMD has higher volatility (22.76%) compared to QLD (13.78%). In terms of maximum drawdown, QLD dropped -83.13% vs AMD's -96.59%.

Which has better risk-adjusted returns?

AMD currently has the higher Sharpe Ratio (4.91 vs 2.10), 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.