QQUP vs. FTNT

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and Fortinet, Inc. (FTNT).

QQUP is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Mega Index (200%). It was launched on Jun 10, 2025.

Performance

QQUP vs. FTNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Top QQQ (QQUP) and Fortinet, Inc. (FTNT). The values are adjusted to include any dividend payments, if applicable.

QQUP vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	-23.43%	44.45%
FTNT Fortinet, Inc.	2.91%	-21.89%

Returns By Period

In the year-to-date period, QQUP achieves a -23.43% return, which is significantly lower than FTNT's 2.91% return.

QQUP

• 1D: 8.61%
• 1M: -9.29%
• YTD: -23.43%
• 6M: -22.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTNT

• 1D: 3.38%
• 1M: 3.40%
• YTD: 2.91%
• 6M: -2.81%
• 1Y: -15.10%
• 3Y*: 7.13%
• 5Y*: 17.00%
• 10Y*: 29.42%

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

Return for Risk

QQUP vs. FTNT — Risk / Return Rank

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

FTNT

FTNT Risk / Return Rank: 27
FTNT Sharpe Ratio Rank: 26
FTNT Sortino Ratio Rank: 26
FTNT Omega Ratio Rank: 25
FTNT Calmar Ratio Rank: 27
FTNT Martin Ratio Rank: 30

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.

QQUP vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and Fortinet, Inc. (FTNT). 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

	QQUP	FTNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.65	-0.30

Correlation

The correlation between QQUP and FTNT is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQUP vs. FTNT - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.63%, while FTNT has not paid dividends to shareholders.

	TTM	2025
QQUP ProShares Ultra Top QQQ	0.63%	0.29%
FTNT Fortinet, Inc.	0.00%	0.00%

Drawdowns

QQUP vs. FTNT - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum FTNT drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for QQUP and FTNT.

Drawdown Indicators

	QQUP	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-51.20%	+13.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.32%	—
Current Drawdown Current decline from peak	-32.30%	-28.67%	-3.63%
Average Drawdown Average peak-to-trough decline	-9.06%	-16.25%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.59%	—

Volatility

Volatility by Period

	QQUP	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.71%	42.37%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.71%	42.52%	-3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.71%	40.13%	-1.42%