QQQ vs. SSO
Compare and contrast key facts about Invesco QQQ ETF (QQQ) and ProShares Ultra S&P500 (SSO).
QQQ and SSO 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. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006. Both QQQ and SSO 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
QQQ vs. SSO - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, QQQ achieves a -4.65% return, which is significantly higher than SSO's -8.75% return. Over the past 10 years, QQQ has underperformed SSO with an annualized return of 19.05%, while SSO has yielded a comparatively higher 21.33% annualized return.
QQQ
- 1D
- 0.11%
- 1M
- -3.81%
- YTD
- -4.65%
- 6M
- -2.77%
- 1Y
- 39.07%
- 3Y*
- 22.97%
- 5Y*
- 13.18%
- 10Y*
- 19.05%
SSO
- 1D
- 0.17%
- 1M
- -7.53%
- YTD
- -8.75%
- 6M
- -6.34%
- 1Y
- 58.29%
- 3Y*
- 28.66%
- 5Y*
- 15.72%
- 10Y*
- 21.33%
QQQ vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | -4.65% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
SSO ProShares Ultra S&P500 | -8.75% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
Correlation
The correlation between QQQ and SSO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
QQQ vs. SSO - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than SSO's 0.87% expense ratio.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQQ vs. SSO — Risk / Return Rank
QQQ
SSO
QQQ vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and ProShares Ultra S&P500 (SSO). 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.
| QQQ | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.72 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.22 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.19 | +0.74 |
Martin ratioReturn relative to average drawdown | 7.00 | 5.03 | +1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QQQ | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.72 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.47 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.60 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.38 | 0.00 |
Drawdowns
QQQ vs. SSO - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, roughly equal to the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for QQQ and SSO.
Loading graphics...
Drawdown Indicators
| QQQ | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -84.67% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -18.17% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -46.73% | +11.61% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -59.34% | +24.22% |
Current DrawdownCurrent decline from peak | -7.75% | -12.03% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -32.98% | -19.72% | -13.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 5.49% | -2.01% |
Volatility
QQQ vs. SSO - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 6.38%, while ProShares Ultra S&P500 (SSO) has a volatility of 10.55%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QQQ | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 10.55% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 18.98% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 36.45% | -13.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 33.65% | -11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 35.85% | -13.61% |
Dividends
QQQ vs. SSO - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.48%, less than SSO's 0.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
SSO ProShares Ultra S&P500 | 0.81% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |