QQUP vs. GOOGL

Last updated Jun 4, 2026

QQUP (ProShares Ultra Top QQQ) is Leveraged Equities fund tracking the Nasdaq-100 Mega Index (200%), while GOOGL (Alphabet Inc Class A) is a stock. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

QQUP vs. GOOGL - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QQUP having a 14.50% return and GOOGL slightly higher at 14.77%.

QQUP

• 1D: -3.99%
• 1M: 7.57%
• YTD: 14.50%
• 6M: 8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOGL

• 1D: -0.79%
• 1M: -6.33%
• YTD: 14.77%
• 6M: 12.47%
• 1Y: 116.77%
• 3Y*: 42.66%
• 5Y*: 24.78%
• 10Y*: 25.69%

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

QQUP vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	14.50%	44.45%
GOOGL Alphabet Inc Class A	14.77%	78.42%

Correlation

The correlation between QQUP and GOOGL is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.58

Return for Risk

QQUP vs. GOOGL — Risk / Return Rank

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

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 97
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 95

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. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and Alphabet Inc Class A (GOOGL). 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	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	0.84	+0.94

Drawdowns

QQUP vs. GOOGL - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for QQUP and GOOGL.

Drawdown Indicators

	QQUP	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-65.29%	+27.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.32%	—
Current Drawdown Current decline from peak	-6.42%	-10.84%	+4.42%
Average Drawdown Average peak-to-trough decline	-9.20%	-13.02%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.50%	—

Volatility

Volatility by Period

	QQUP	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.52%	29.22%	+9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.52%	31.29%	+7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.52%	29.10%	+9.42%

Dividends

QQUP vs. GOOGL - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.42%, more than GOOGL's 0.23% yield.

Position	TTM	2025	2024
GOOGL Alphabet Inc Class A	0.23%	0.27%	0.32%
QQUP ProShares Ultra Top QQQ	0.42%	0.29%	0.00%

Frequently Asked Questions

Can I hold both QQUP and GOOGL in my portfolio?

QQUP and GOOGL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.