QQQ vs. QLD
Compare and contrast key facts about Invesco QQQ (QQQ) and ProShares Ultra QQQ (QLD).
QQQ and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. 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. Both QQQ and QLD 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: QQQ or QLD.
Performance
QQQ vs. QLD - Performance Comparison
Returns By Period
In the year-to-date period, QQQ achieves a 23.47% return, which is significantly lower than QLD's 39.53% return. Over the past 10 years, QQQ has underperformed QLD with an annualized return of 18.10%, while QLD has yielded a comparatively higher 28.87% annualized return.
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
QLD
39.53%
2.80%
16.50%
52.61%
31.37%
28.87%
Key characteristics
| QQQ | QLD | |
|---|---|---|
| Sharpe Ratio | 1.80 | 1.61 |
| Sortino Ratio | 2.40 | 2.10 |
| Omega Ratio | 1.32 | 1.28 |
| Calmar Ratio | 2.31 | 2.11 |
| Martin Ratio | 8.39 | 7.01 |
| Ulcer Index | 3.73% | 8.04% |
| Daily Std Dev | 17.41% | 34.89% |
| Max Drawdown | -82.98% | -83.13% |
| Current Drawdown | -2.08% | -4.33% |
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QQQ vs. QLD - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than QLD's 0.95% expense ratio.
Correlation
The correlation between QQQ and QLD is 0.99, 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.
Risk-Adjusted Performance
QQQ vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and ProShares Ultra QQQ (QLD). 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
QQQ vs. QLD - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.60%, more than QLD's 0.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
QLD ProShares Ultra QQQ | 0.27% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
QQQ vs. QLD - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for QQQ and QLD. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. QLD - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 5.66%, while ProShares Ultra QQQ (QLD) has a volatility of 11.37%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.