QLD vs. BLDR

Last updated Jun 9, 2026

QLD (ProShares Ultra QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (200%), while BLDR (Builders FirstSource, Inc.) is a stock. Over the past 10 years, QLD returned 35.29%/yr vs 20.07%/yr for BLDR. At a 0.46 correlation, their price movements are largely independent.

Performance

QLD vs. BLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ (QLD) and Builders FirstSource, Inc. (BLDR). 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 higher than BLDR's -28.93% return. Over the past 10 years, QLD has outperformed BLDR with an annualized return of 35.29%, while BLDR has yielded a comparatively lower 20.07% 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%

BLDR

• 1D: -0.71%
• 1M: -5.53%
• YTD: -28.93%
• 6M: -31.96%
• 1Y: -34.50%
• 3Y*: -15.71%
• 5Y*: 10.81%
• 10Y*: 20.07%

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

QLD vs. BLDR - 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%
BLDR Builders FirstSource, Inc.	-28.93%	-28.01%	-14.38%	157.31%	-24.30%	110.02%	60.61%	132.91%	-49.93%	98.63%

Correlation

The correlation between QLD and BLDR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006	0.46

The correlation between QLD and BLDR shifts across timeframes, from 0.28 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

QLD vs. BLDR — 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

BLDR

BLDR Risk / Return Rank: 14
BLDR Sharpe Ratio Rank: 11
BLDR Sortino Ratio Rank: 12
BLDR Omega Ratio Rank: 15
BLDR Calmar Ratio Rank: 19
BLDR Martin Ratio Rank: 15

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. BLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and Builders FirstSource, Inc. (BLDR). 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	BLDR	Difference
Sharpe ratio: Return per unit of total volatility	2.10	-0.72	+2.82
Sortino ratio: Return per unit of downside risk	2.52	-1.01	+3.54
Omega ratio: Gain probability vs. loss probability	1.34	0.90	+0.44
Calmar ratio: Return relative to maximum drawdown	2.79	-0.62	+3.41
Martin ratio: Return relative to average drawdown	9.64	-1.21	+10.85
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. BLDR - Sharpe Ratio Comparison

The current QLD Sharpe Ratio is 2.10, which is higher than the BLDR Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of QLD and BLDR, 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	BLDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	-0.72	+2.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.24	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.42	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.11	+0.47

Drawdowns

QLD vs. BLDR - Drawdown Comparison

The maximum QLD drawdown since its inception was -83.13%, smaller than the maximum BLDR drawdown of -96.78%. Use the drawdown chart below to compare losses from any high point for QLD and BLDR.

Drawdown Indicators

	QLD	BLDR	Difference
Max Drawdown Largest peak-to-trough decline	-83.13%	-96.78%	+13.65%
Max Drawdown (1Y) Largest decline over 1 year	-25.13%	-55.51%	+30.38%
Max Drawdown (3Y) Largest decline over 3 years	-42.29%	-68.55%	+26.26%
Max Drawdown (5Y) Largest decline over 5 years	-63.68%	-68.55%	+4.87%
Max Drawdown (10Y) Largest decline over 10 years	-63.68%	-68.55%	+4.87%
Current Drawdown Current decline from peak	-8.24%	-65.37%	+57.13%
Average Drawdown Average peak-to-trough decline	-18.16%	-47.87%	+29.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.25%	28.59%	-21.34%

Volatility

QLD vs. BLDR - Volatility Comparison

ProShares Ultra QQQ (QLD) and Builders FirstSource, Inc. (BLDR) have volatilities of 13.78% and 13.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QLD	BLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.78%	13.13%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	26.34%	33.98%	-7.64%
Volatility (1Y) Calculated over the trailing 1-year period	33.42%	47.94%	-14.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.95%	45.20%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.68%	47.71%	-3.03%

Dividends

QLD vs. BLDR - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLDR Builders FirstSource, 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 BLDR in my portfolio?

QLD and BLDR have a correlation of 0.28, 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 BLDR?

QLD has higher volatility (13.78%) compared to BLDR (13.13%). In terms of maximum drawdown, QLD dropped -83.13% vs BLDR's -96.78%.

Which has better risk-adjusted returns?

QLD currently has the higher Sharpe Ratio (2.10 vs -0.72), 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.