QQDN vs. YQQQ

Last updated Jun 5, 2026

QQDN (ProShares UltraShort QQQ Mega) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - QQDN is a Inverse Equities fund tracking the Nasdaq-100 Mega Index, while YQQQ is a Derivative Income fund actively managed by YieldMax. QQDN is passively managed, while YQQQ is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. QQDN charges 0.95%/yr vs 0.99%/yr for YQQQ.

Performance

QQDN vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ Mega (QQDN) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQDN achieves a -17.46% return, which is significantly lower than YQQQ's -8.57% return.

QQDN

• 1D: -0.14%
• 1M: -6.55%
• YTD: -17.46%
• 6M: -13.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.41%
• 1M: -6.24%
• YTD: -8.57%
• 6M: -6.48%
• 1Y: -13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQDN vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
QQDN ProShares UltraShort QQQ Mega	-17.46%	-34.14%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.57%	-5.35%

Correlation

The correlation between QQDN and YQQQ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.87

Return for Risk

QQDN vs. YQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YQQQ

YQQQ Risk / Return Rank: 2
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 2
YQQQ Omega Ratio Rank: 2
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQDN vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

Sharpe Ratios by Period

	QQDN	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-0.76	-0.45

Drawdowns

QQDN vs. YQQQ - Drawdown Comparison

The maximum QQDN drawdown since its inception was -50.19%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QQDN and YQQQ.

Drawdown Indicators

	QQDN	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-50.19%	-28.21%	-21.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.82%	—
Current Drawdown Current decline from peak	-47.00%	-27.87%	-19.13%
Average Drawdown Average peak-to-trough decline	-30.23%	-14.25%	-15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.62%	—

Volatility

Volatility by Period

	QQDN	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.51%	12.50%	+26.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.51%	16.25%	+22.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	16.25%	+22.26%

QQDN vs. YQQQ - Expense Ratio Comparison

QQDN has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.

Dividends

QQDN vs. YQQQ - Dividend Comparison

QQDN's dividend yield for the trailing twelve months is around 4.93%, less than YQQQ's 32.16% yield.

Position	TTM	2025	2024
QQDN ProShares UltraShort QQQ Mega	4.93%	3.42%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	32.16%	31.71%	7.88%

Frequently Asked Questions

Can I hold both QQDN and YQQQ in my portfolio?

QQDN and YQQQ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQDN or YQQQ?

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.

Which ETF is cheaper, QQDN or YQQQ?

QQDN is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.

Which ETF pays a higher dividend yield, QQDN or YQQQ?

YQQQ has the higher dividend yield at 32.16%, compared with 4.93% for QQDN.

What is the main difference between QQDN and YQQQ?

QQDN is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for QQDN and 0.99% for YQQQ.