QLD vs. UYG
Compare and contrast key facts about ProShares Ultra QQQ (QLD) and ProShares Ultra Financials (UYG).
QLD and UYG 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. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. Both QLD and UYG 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. UYG - Performance Comparison
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QLD vs. UYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | -11.23% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
UYG ProShares Ultra Financials | -19.81% | 19.77% | 55.71% | 22.14% | -32.11% | 76.26% | -20.32% | 66.15% | -22.61% | 39.28% |
Returns By Period
In the year-to-date period, QLD achieves a -11.23% return, which is significantly higher than UYG's -19.81% return. Over the past 10 years, QLD has outperformed UYG with an annualized return of 29.71%, while UYG has yielded a comparatively lower 16.07% annualized return.
QLD
- 1D
- 2.44%
- 1M
- -8.26%
- YTD
- -11.23%
- 6M
- -9.73%
- 1Y
- 38.72%
- 3Y*
- 36.50%
- 5Y*
- 15.83%
- 10Y*
- 29.71%
UYG
- 1D
- -0.02%
- 1M
- -7.05%
- YTD
- -19.81%
- 6M
- -16.54%
- 1Y
- -7.79%
- 3Y*
- 25.32%
- 5Y*
- 11.21%
- 10Y*
- 16.07%
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QLD vs. UYG - Expense Ratio Comparison
Both QLD and UYG have an expense ratio of 0.95%.
Return for Risk
QLD vs. UYG — Risk / Return Rank
QLD
UYG
QLD vs. UYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and ProShares Ultra Financials (UYG). 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 | UYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | -0.20 | +1.07 |
Sortino ratioReturn per unit of downside risk | 1.46 | -0.02 | +1.48 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.00 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.28 | +1.91 |
Martin ratioReturn relative to average drawdown | 5.27 | -0.81 | +6.08 |
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 | UYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | -0.20 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.31 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.39 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.01 | +0.55 |
Correlation
The correlation between QLD and UYG is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QLD vs. UYG - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.19%, less than UYG's 14.57% 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% |
UYG ProShares Ultra Financials | 14.57% | 11.72% | 0.51% | 0.79% | 0.77% | 9.39% | 0.66% | 0.90% | 1.28% | 0.56% | 0.76% | 0.72% |
Drawdowns
QLD vs. UYG - Drawdown Comparison
The maximum QLD drawdown since its inception was -83.13%, smaller than the maximum UYG drawdown of -97.90%. Use the drawdown chart below to compare losses from any high point for QLD and UYG.
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Drawdown Indicators
| QLD | UYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -97.90% | +14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -28.91% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -63.68% | -47.77% | -15.91% |
Max Drawdown (10Y)Largest decline over 10 years | -63.68% | -69.98% | +6.30% |
Current DrawdownCurrent decline from peak | -18.15% | -24.26% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -63.77% | +45.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 10.20% | -2.45% |
Volatility
QLD vs. UYG - Volatility Comparison
ProShares Ultra QQQ (QLD) has a higher volatility of 13.16% compared to ProShares Ultra Financials (UYG) at 9.56%. This indicates that QLD's price experiences larger fluctuations and is considered to be riskier than UYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLD | UYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 9.56% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 25.67% | 23.03% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.97% | 38.60% | +6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.76% | 36.15% | +8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.47% | 41.07% | +3.40% |