QQUP vs. GDE

Last updated Jun 3, 2026

QQUP (ProShares Ultra Top QQQ) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - QQUP is a Leveraged Equities fund tracking the Nasdaq-100 Mega Index (200%), while GDE is a Gold fund actively managed by WisdomTree. QQUP is passively managed, while GDE is actively managed. At a 0.47 correlation, their price movements are largely independent. QQUP charges 0.95%/yr vs 0.20%/yr for GDE.

Performance

QQUP vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Top QQQ (QQUP) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQUP achieves a 19.26% return, which is significantly higher than GDE's 11.30% return.

QQUP

• 1D: -0.82%
• 1M: 11.36%
• YTD: 19.26%
• 6M: 10.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDE

• 1D: 0.07%
• 1M: 1.24%
• YTD: 11.30%
• 6M: 13.79%
• 1Y: 54.85%
• 3Y*: 47.34%
• 5Y*: —
• 10Y*: —

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

QQUP vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	19.26%	44.45%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	11.30%	37.01%

Correlation

The correlation between QQUP and GDE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.47

Return for Risk

QQUP vs. GDE — Risk / Return Rank

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

GDE

GDE Risk / Return Rank: 52
GDE Sharpe Ratio Rank: 57
GDE Sortino Ratio Rank: 48
GDE Omega Ratio Rank: 57
GDE Calmar Ratio Rank: 52
GDE Martin Ratio Rank: 48

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. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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	GDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.17	+0.81

Drawdowns

QQUP vs. GDE - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for QQUP and GDE.

Drawdown Indicators

	QQUP	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-32.01%	-5.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.66%	—
Current Drawdown Current decline from peak	-2.52%	-9.95%	+7.43%
Average Drawdown Average peak-to-trough decline	-9.21%	-7.88%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.22%	—

Volatility

Volatility by Period

	QQUP	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.35%	28.46%	+9.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.35%	26.12%	+12.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.35%	26.12%	+12.23%

QQUP vs. GDE - Expense Ratio Comparison

QQUP has a 0.95% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

QQUP vs. GDE - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.40%, less than GDE's 3.88% yield.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.88%	4.32%	7.14%	2.22%	0.81%
QQUP ProShares Ultra Top QQQ	0.40%	0.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQUP and GDE in my portfolio?

QQUP and GDE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQUP or GDE?

On fees, GDE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQUP or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.95% for QQUP.

Which ETF pays a higher dividend yield, QQUP or GDE?

GDE has the higher dividend yield at 3.88%, compared with 0.40% for QQUP.

What is the main difference between QQUP and GDE?

QQUP is categorized as Leveraged Equities, while GDE is Gold. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for QQUP and 0.20% for GDE.