QQUP vs. HDV
QQUP (ProShares Ultra Top QQQ) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - QQUP is a Leveraged Equities fund tracking the Nasdaq-100 Mega Index (200%), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past year, QQUP returned 38.57% vs 21.06% for HDV. At a correlation of -0.21, they often move in opposite directions. QQUP charges 0.95%/yr vs 0.08%/yr for HDV.
Performance
QQUP vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, QQUP achieves a -3.91% return, which is significantly lower than HDV's 14.07% return.
QQUP
- 1D
- -3.22%
- 1M
- -16.85%
- YTD
- -3.91%
- 6M
- -6.57%
- 1Y
- 38.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 1.33%
- 1M
- -1.35%
- YTD
- 14.07%
- 6M
- 14.08%
- 1Y
- 21.06%
- 3Y*
- 15.48%
- 5Y*
- 11.09%
- 10Y*
- 9.45%
QQUP vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQUP ProShares Ultra Top QQQ | -3.91% | 45.33% |
HDV iShares Core High Dividend ETF | 14.07% | 6.11% |
Correlation
The correlation between QQUP and HDV is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | -0.21 |
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Return for Risk
QQUP vs. HDV — Risk / Return Rank
QQUP
HDV
QQUP vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and iShares Core High Dividend ETF (HDV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQUP | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 4.09 | -3.06 |
| Martin ratioReturn relative to average drawdown | 2.87 | 11.19 | -8.31 |
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Drawdowns
QQUP vs. HDV - Drawdown Comparison
The maximum QQUP drawdown since its inception was -37.67%, roughly equal to the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for QQUP and HDV.
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Drawdown Indicators
| QQUP | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -37.04% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -37.67% | -5.18% | -32.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -21.46% | -1.35% | -20.11% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -3.08% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.45% | 1.89% | +11.56% |
Volatility
QQUP vs. HDV - Volatility Comparison
ProShares Ultra Top QQQ (QQUP) has a higher volatility of 14.01% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that QQUP's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQUP | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.01% | 3.64% | +10.37% |
Volatility (6M)Calculated over the trailing 6-month period | 30.62% | 7.61% | +23.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.03% | 9.93% | +30.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.79% | 12.81% | +26.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.79% | 15.73% | +24.06% |
QQUP vs. HDV - Expense Ratio Comparison
QQUP has a 0.95% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
QQUP vs. HDV - Dividend Comparison
QQUP's dividend yield for the trailing twelve months is around 0.50%, less than HDV's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.90% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
QQUP ProShares Ultra Top QQQ | 0.50% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQUP and HDV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQUP has higher volatility (14.01%) compared to HDV (3.64%). In terms of maximum drawdown, QQUP dropped -37.67% vs HDV's -37.04%.
On 1-year performance, QQUP leads with 38.57% vs 21.06% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQUP has performed better with a 38.57% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.95% for QQUP.
HDV has the higher dividend yield at 2.90%, compared with 0.50% for QQUP.
QQUP is categorized as Leveraged Equities, while HDV is Dividend. QQUP tracks Nasdaq-100 Mega Index (200%), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for QQUP and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.13 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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