QQDN vs. SVIX
QQDN (ProShares UltraShort QQQ Mega) and SVIX (Volatility Shares -1x Short VIX Futures ETF) are both Inverse Equities funds. At a correlation of -0.59, they often move in opposite directions. QQDN charges 0.95%/yr vs 1.47%/yr for SVIX.
Performance
QQDN vs. SVIX - Performance Comparison
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Returns By Period
In the year-to-date period, QQDN achieves a -17.46% return, which is significantly lower than SVIX's -5.20% return.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SVIX
- 1D
- 3.24%
- 1M
- 20.39%
- YTD
- -5.20%
- 6M
- 9.90%
- 1Y
- 56.79%
- 3Y*
- -0.23%
- 5Y*
- —
- 10Y*
- —
QQDN vs. SVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
SVIX Volatility Shares -1x Short VIX Futures ETF | -5.20% | 62.29% |
Correlation
The correlation between QQDN and SVIX is -0.59, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | -0.59 |
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Return for Risk
QQDN vs. SVIX — Risk / Return Rank
QQDN
SVIX
QQDN vs. SVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) and Volatility Shares -1x Short VIX Futures ETF (SVIX). 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 | SVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | 0.17 | -1.38 |
Drawdowns
QQDN vs. SVIX - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum SVIX drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for QQDN and SVIX.
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Drawdown Indicators
| QQDN | SVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -79.30% | +29.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -79.30% | — |
Current DrawdownCurrent decline from peak | -47.00% | -54.72% | +7.72% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -31.62% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.76% | — |
Volatility
QQDN vs. SVIX - Volatility Comparison
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Volatility by Period
| QQDN | SVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 54.79% | -16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 66.26% | -27.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 66.26% | -27.75% |
QQDN vs. SVIX - Expense Ratio Comparison
QQDN has a 0.95% expense ratio, which is lower than SVIX's 1.47% expense ratio.
Dividends
QQDN vs. SVIX - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, while SVIX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% |
SVIX Volatility Shares -1x Short VIX Futures ETF | 0.00% | 0.00% |
Frequently Asked Questions
QQDN and SVIX have a correlation of -0.59, 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 1.47% for SVIX.
QQDN has the higher dividend yield at 4.93%, compared with 0.00% for SVIX.
They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for QQDN and 1.47% for SVIX.
Find the right allocation for QQDN and SVIX
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