QLD vs. QQQM
Compare and contrast key facts about ProShares Ultra QQQ (QLD) and Invesco NASDAQ 100 ETF (QQQM).
QLD and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both QLD and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QLD vs. QQQM - Performance Comparison
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QLD vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 12.48% |
QQQM Invesco NASDAQ 100 ETF | -5.92% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.67% |
Returns By Period
In the year-to-date period, QLD achieves a -13.35% return, which is significantly lower than QQQM's -5.92% return.
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
QQQM
- 1D
- 3.37%
- 1M
- -4.84%
- YTD
- -5.92%
- 6M
- -3.59%
- 1Y
- 23.76%
- 3Y*
- 22.41%
- 5Y*
- 12.96%
- 10Y*
- —
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QLD vs. QQQM - Expense Ratio Comparison
QLD has a 0.95% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Return for Risk
QLD vs. QQQM — Risk / Return Rank
QLD
QQQM
QLD vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.06 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.65 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.89 | -0.40 |
Martin ratioReturn relative to average drawdown | 4.88 | 6.96 | -2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLD | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.06 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.59 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.63 | -0.10 |
Correlation
The correlation between QLD and QQQM is 1.00, 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.
Dividends
QLD vs. QQQM - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.19%, less than QQQM's 0.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
QQQM Invesco NASDAQ 100 ETF | 0.53% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLD vs. QQQM - Drawdown Comparison
The maximum QLD drawdown since its inception was -83.13%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QLD and QQQM.
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Drawdown Indicators
| QLD | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -35.04% | -48.09% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -12.55% | -12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -63.68% | -35.04% | -28.64% |
Max Drawdown (10Y)Largest decline over 10 years | -63.68% | — | — |
Current DrawdownCurrent decline from peak | -20.10% | -8.99% | -11.11% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -8.47% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 3.41% | +4.26% |
Volatility
QLD vs. QQQM - Volatility Comparison
ProShares Ultra QQQ (QLD) has a higher volatility of 12.96% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.48%. This indicates that QLD's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLD | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 6.48% | +6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 25.55% | 12.73% | +12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.91% | 22.42% | +22.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.77% | 22.25% | +22.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.47% | 22.27% | +22.20% |