QLD vs. UPRO
Compare and contrast key facts about ProShares Ultra QQQ (QLD) and ProShares UltraPro S&P 500 (UPRO).
QLD and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both QLD and UPRO 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 UPRO.
Key characteristics
| QLD | UPRO | |
|---|---|---|
| YTD Return | 35.76% | 64.91% |
| 1Y Return | 52.09% | 93.02% |
| 3Y Return (Ann) | 5.12% | 7.44% |
| 5Y Return (Ann) | 30.32% | 23.82% |
| 10Y Return (Ann) | 28.55% | 23.95% |
| Sharpe Ratio | 1.50 | 2.57 |
| Sortino Ratio | 1.99 | 2.96 |
| Omega Ratio | 1.27 | 1.41 |
| Calmar Ratio | 1.96 | 2.40 |
| Martin Ratio | 6.52 | 15.45 |
| Ulcer Index | 8.03% | 6.05% |
| Daily Std Dev | 34.85% | 36.42% |
| Max Drawdown | -83.13% | -76.82% |
| Current Drawdown | -6.92% | -6.63% |
Correlation
The correlation between QLD and UPRO is 0.90, 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. UPRO - Performance Comparison
In the year-to-date period, QLD achieves a 35.76% return, which is significantly lower than UPRO's 64.91% return. Over the past 10 years, QLD has outperformed UPRO with an annualized return of 28.55%, while UPRO has yielded a comparatively lower 23.95% 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. UPRO - Expense Ratio Comparison
QLD has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
QLD vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and ProShares UltraPro S&P 500 (UPRO). 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. UPRO - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.28%, less than UPRO's 0.76% 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% |
UPRO ProShares UltraPro S&P 500 | 0.76% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
QLD vs. UPRO - Drawdown Comparison
The maximum QLD drawdown since its inception was -83.13%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for QLD and UPRO. For additional features, visit the drawdowns tool.
Volatility
QLD vs. UPRO - Volatility Comparison
The current volatility for ProShares Ultra QQQ (QLD) is 11.27%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 12.26%. This indicates that QLD experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.