QQQA vs. FMTM

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and MarketDesk Focused U.S. Momentum ETF (FMTM).

QQQA and FMTM 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.

Performance

QQQA vs. FMTM - Performance Comparison

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

QQQA vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	4.84%	18.47%
FMTM MarketDesk Focused U.S. Momentum ETF	10.10%	27.90%

Returns By Period

In the year-to-date period, QQQA achieves a 4.84% return, which is significantly lower than FMTM's 10.10% return.

QQQA

• 1D: 3.37%
• 1M: -1.32%
• YTD: 4.84%
• 6M: 11.22%
• 1Y: 26.57%
• 3Y*: 17.66%
• 5Y*: —
• 10Y*: —

FMTM

• 1D: 1.78%
• 1M: -6.27%
• YTD: 10.10%
• 6M: 17.46%
• 1Y: 39.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQA vs. FMTM - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is higher than FMTM's 0.45% expense ratio.

QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

FMTM

MarketDesk Focused U.S. Momentum ETF

Return for Risk

QQQA vs. FMTM — Risk / Return Rank

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

QQQA

QQQA Risk / Return Rank: 58
QQQA Sharpe Ratio Rank: 49
QQQA Sortino Ratio Rank: 51
QQQA Omega Ratio Rank: 52
QQQA Calmar Ratio Rank: 72
QQQA Martin Ratio Rank: 64

FMTM

FMTM Risk / Return Rank: 84
FMTM Sharpe Ratio Rank: 83
FMTM Sortino Ratio Rank: 82
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 90
FMTM Martin Ratio Rank: 90

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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	FMTM	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.68	-0.76
Sortino ratio Return per unit of downside risk	1.41	2.20	-0.79
Omega ratio Gain probability vs. loss probability	1.20	1.30	-0.10
Calmar ratio Return relative to maximum drawdown	1.94	3.23	-1.29
Martin ratio Return relative to average drawdown	6.70	12.18	-5.49
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. FMTM - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 0.92, which is lower than the FMTM Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of QQQA and FMTM, 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	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.68	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.71	-1.50

Correlation

The correlation between QQQA and FMTM is 0.75, 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. FMTM - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.10%, less than FMTM's 0.27% 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%
FMTM MarketDesk Focused U.S. Momentum ETF	0.27%	0.30%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QQQA vs. FMTM - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for QQQA and FMTM.

Drawdown Indicators

	QQQA	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-12.12%	-26.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-12.12%	-2.42%
Current Drawdown Current decline from peak	-7.27%	-6.27%	-1.00%
Average Drawdown Average peak-to-trough decline	-16.19%	-1.89%	-14.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	3.21%	+1.01%

Volatility

QQQA vs. FMTM - Volatility Comparison

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 11.35% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 10.78%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.35%	10.78%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	20.96%	19.28%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	28.93%	23.38%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.40%	23.19%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.40%	23.19%	+2.21%