QLD vs. CEG
QLD (ProShares Ultra QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (200%), while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, QLD returned 37.92%/yr vs 38.87%/yr for CEG. At a 0.43 correlation, their price movements are largely independent.
Performance
QLD vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, QLD achieves a 22.29% return, which is significantly higher than CEG's -28.03% return.
QLD
- 1D
- 0.14%
- 1M
- -12.08%
- 6M
- 20.01%
- YTD
- 22.29%
- 1Y
- 41.98%
- 3Y*
- 37.92%
- 5Y*
- 18.50%
- 10Y*
- 33.23%
- ALL TIME*
- 24.89%
CEG
- 1D
- 0.44%
- 1M
- -7.50%
- 6M
- -17.38%
- YTD
- -28.03%
- 1Y
- -20.72%
- 3Y*
- 38.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.07%
QLD vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 22.29% | 30.36% | 42.82% | 117.72% | -52.88% |
CEG Constellation Energy Corp | -28.03% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between QLD and CEG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.43 |
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Return for Risk
QLD vs. CEG — Risk / Return Rank
QLD
CEG
QLD vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and Constellation Energy Corp (CEG). 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.
| QLD | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.96 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.50 | +2.18 |
| Martin ratioReturn relative to average drawdown | 5.37 | -0.93 | +6.30 |
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Drawdowns
QLD vs. CEG - Drawdown Comparison
The maximum QLD drawdown since its inception was -83.13%, which is greater than CEG's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for QLD and CEG.
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Drawdown Indicators
| QLD | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -50.70% | -32.43% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -41.22% | +16.09% |
Max Drawdown (3Y)Largest decline over 3 years | -42.29% | -50.70% | +8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -63.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.68% | — | — |
Current DrawdownCurrent decline from peak | -14.37% | -36.99% | +22.62% |
Average DrawdownAverage peak-to-trough decline | -18.11% | -12.19% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.84% | 22.36% | -14.52% |
Volatility
QLD vs. CEG - Volatility Comparison
ProShares Ultra QQQ (QLD) has a higher volatility of 14.75% compared to Constellation Energy Corp (CEG) at 10.11%. This indicates that QLD's price experiences larger fluctuations and is considered to be riskier than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLD | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.75% | 10.11% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 30.94% | 35.36% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.40% | 46.62% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.59% | 49.11% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.88% | 49.11% | -4.23% |
Dividends
QLD vs. CEG - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.14%, less than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.14% | 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
QLD and CEG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLD has higher volatility (14.75%) compared to CEG (10.11%). In terms of maximum drawdown, QLD dropped -83.13% vs CEG's -50.70%.
QLD currently has the higher Sharpe Ratio (1.13 vs -0.45), 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.
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