QQDN vs. SHRT
QQDN (ProShares UltraShort QQQ Mega) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. QQDN is passively managed, while SHRT is actively managed. At a 0.34 correlation, their price movements are largely independent. QQDN charges 0.95%/yr vs 1.35%/yr for SHRT.
Performance
QQDN vs. SHRT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQDN having a -17.46% return and SHRT slightly higher at -17.15%.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 0.06%
- 1M
- -3.02%
- YTD
- -17.15%
- 6M
- -15.15%
- 1Y
- -21.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQDN vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
SHRT Gotham Short Strategies ETF | -17.15% | -5.10% |
Correlation
The correlation between QQDN and SHRT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.34 |
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Return for Risk
QQDN vs. SHRT — Risk / Return Rank
QQDN
SHRT
QQDN vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) and Gotham Short Strategies ETF (SHRT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQDN | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.79 | -0.42 |
Drawdowns
QQDN vs. SHRT - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for QQDN and SHRT.
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Drawdown Indicators
| QQDN | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -25.98% | -24.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -47.00% | -25.70% | -21.30% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -8.15% | -22.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.49% | — |
Volatility
QQDN vs. SHRT - Volatility Comparison
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Volatility by Period
| QQDN | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 13.04% | +25.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 12.77% | +25.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 12.77% | +25.74% |
QQDN vs. SHRT - Expense Ratio Comparison
QQDN has a 0.95% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
QQDN vs. SHRT - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, more than SHRT's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
QQDN and SHRT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQDN is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQDN is cheaper with a 0.95% expense ratio, compared with 1.35% for SHRT.
QQDN has the higher dividend yield at 4.93%, compared with 0.08% for SHRT.
They also come from different issuers: ProShares and Gotham. Their fees differ too: 0.95% for QQDN and 1.35% for SHRT.
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