QQUP vs. GDE

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE).

QQUP and GDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022.

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.

QQUP vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	-23.43%	44.45%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	2.08%	37.01%

Returns By Period

In the year-to-date period, QQUP achieves a -23.43% return, which is significantly lower than GDE's 2.08% return.

QQUP

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

GDE

• 1D: 5.90%
• 1M: -13.55%
• YTD: 2.08%
• 6M: 14.59%
• 1Y: 60.26%
• 3Y*: 44.20%
• 5Y*: —
• 10Y*: —

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

QQUP vs. GDE - Expense Ratio Comparison

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

QQUP

ProShares Ultra Top QQQ

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

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: 89
GDE Sharpe Ratio Rank: 90
GDE Sortino Ratio Rank: 89
GDE Omega Ratio Rank: 89
GDE Calmar Ratio Rank: 89
GDE 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.

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	—	1.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.11	-0.76

Correlation

The correlation between QQUP and GDE is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQUP vs. GDE - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.63%, less than GDE's 4.23% yield.

	TTM	2025	2024	2023	2022
QQUP ProShares Ultra Top QQQ	0.63%	0.29%	0.00%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.23%	4.32%	7.14%	2.22%	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%	—
Current Drawdown Current decline from peak	-32.30%	-17.41%	-14.89%
Average Drawdown Average peak-to-trough decline	-9.06%	-7.74%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.75%	—

Volatility

Volatility by Period

	QQUP	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.71%	32.26%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.71%	26.19%	+12.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.71%	26.19%	+12.52%