QLD vs. QQQ
Compare and contrast key facts about ProShares Ultra QQQ (QLD) and Invesco QQQ (QQQ).
QLD and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QLD and QQQ 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: QLD or QQQ.
Key characteristics
| QLD | QQQ | |
|---|---|---|
| YTD Return | 35.76% | 21.78% |
| 1Y Return | 52.09% | 29.54% |
| 3Y Return (Ann) | 5.12% | 8.44% |
| 5Y Return (Ann) | 30.32% | 20.42% |
| 10Y Return (Ann) | 28.55% | 17.95% |
| Sharpe Ratio | 1.50 | 1.70 |
| Sortino Ratio | 1.99 | 2.29 |
| Omega Ratio | 1.27 | 1.31 |
| Calmar Ratio | 1.96 | 2.19 |
| Martin Ratio | 6.52 | 7.96 |
| Ulcer Index | 8.03% | 3.72% |
| Daily Std Dev | 34.85% | 17.39% |
| Max Drawdown | -83.13% | -82.98% |
| Current Drawdown | -6.92% | -3.42% |
Correlation
The correlation between QLD and QQQ is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QLD vs. QQQ - Performance Comparison
In the year-to-date period, QLD achieves a 35.76% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, QLD has outperformed QQQ with an annualized return of 28.55%, while QQQ has yielded a comparatively lower 17.95% 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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QLD vs. QQQ - Expense Ratio Comparison
QLD has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QLD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and Invesco QQQ (QQQ). 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
QLD vs. QQQ - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.28%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.28% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QLD vs. QQQ - Drawdown Comparison
The maximum QLD drawdown since its inception was -83.13%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QLD and QQQ. For additional features, visit the drawdowns tool.
Volatility
QLD vs. QQQ - Volatility Comparison
ProShares Ultra QQQ (QLD) has a higher volatility of 11.27% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that QLD's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.