QQQA vs. DARP

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Grizzle Growth ETF (DARP).

QQQA and DARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQA is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. It was launched on May 18, 2021. DARP is an actively managed fund by Grizzle. It was launched on Dec 15, 2021.

Performance

QQQA vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

QQQA vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	1.42%	9.87%	16.17%	14.08%
DARP Grizzle Growth ETF	4.29%	40.19%	24.63%	6.25%

Returns By Period

In the year-to-date period, QQQA achieves a 1.42% return, which is significantly lower than DARP's 4.29% return.

QQQA

• 1D: 4.97%
• 1M: -5.23%
• YTD: 1.42%
• 6M: 8.28%
• 1Y: 24.06%
• 3Y*: 16.37%
• 5Y*: —
• 10Y*: —

DARP

• 1D: 3.09%
• 1M: -6.88%
• YTD: 4.29%
• 6M: 13.93%
• 1Y: 64.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQA vs. DARP - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is lower than DARP's 0.75% expense ratio.

DARP

Grizzle Growth ETF

QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

Return for Risk

QQQA vs. DARP — Risk / Return Rank

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

QQQA

QQQA Risk / Return Rank: 56
QQQA Sharpe Ratio Rank: 49
QQQA Sortino Ratio Rank: 52
QQQA Omega Ratio Rank: 53
QQQA Calmar Ratio Rank: 66
QQQA Martin Ratio Rank: 59

DARP

DARP Risk / Return Rank: 93
DARP Sharpe Ratio Rank: 93
DARP Sortino Ratio Rank: 92
DARP Omega Ratio Rank: 91
DARP Calmar Ratio Rank: 95
DARP Martin Ratio Rank: 96

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.

QQQA vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Grizzle Growth ETF (DARP). 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.

	QQQA	DARP	Difference
Sharpe ratio Return per unit of total volatility	0.84	2.19	-1.35
Sortino ratio Return per unit of downside risk	1.31	2.73	-1.42
Omega ratio Gain probability vs. loss probability	1.19	1.39	-0.21
Calmar ratio Return relative to maximum drawdown	1.59	3.97	-2.38
Martin ratio Return relative to average drawdown	5.51	16.42	-10.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQA vs. DARP - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 0.84, which is lower than the DARP Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of QQQA and DARP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQA	DARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.19	-1.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	1.11	-0.93

Correlation

The correlation between QQQA and DARP is 0.81, 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.

Dividends

QQQA vs. DARP - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.10%, less than DARP's 0.42% yield.

	TTM	2025	2024	2023	2022	2021
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.10%	0.10%	0.09%	0.34%	0.28%	0.10%
DARP Grizzle Growth ETF	0.42%	0.43%	1.93%	0.32%	0.00%	0.00%

Drawdowns

QQQA vs. DARP - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, which is greater than DARP's maximum drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for QQQA and DARP.

Drawdown Indicators

	QQQA	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-30.27%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-15.92%	+1.38%
Current Drawdown Current decline from peak	-10.29%	-9.09%	-1.20%
Average Drawdown Average peak-to-trough decline	-16.19%	-4.84%	-11.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	3.85%	+0.34%

Volatility

QQQA vs. DARP - Volatility Comparison

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 11.40% compared to Grizzle Growth ETF (DARP) at 9.51%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.40%	9.51%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	20.70%	19.28%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	28.75%	29.51%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.37%	26.42%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	26.42%	-1.05%