QQUP vs. OILU
QQUP (ProShares Ultra Top QQQ) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - QQUP is a Leveraged Equities fund tracking the Nasdaq-100 Mega Index (200%), while OILU is a Leveraged Commodities fund managed by BMO. At a correlation of -0.22, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
QQUP vs. OILU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQUP achieves a 14.50% return, which is significantly lower than OILU's 96.53% return.
QQUP
- 1D
- -3.99%
- 1M
- 7.57%
- YTD
- 14.50%
- 6M
- 8.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILU
- 1D
- 3.64%
- 1M
- -10.84%
- YTD
- 96.53%
- 6M
- 77.49%
- 1Y
- 115.83%
- 3Y*
- 10.60%
- 5Y*
- —
- 10Y*
- —
QQUP vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQUP ProShares Ultra Top QQQ | 14.50% | 44.45% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 96.53% | -0.99% |
Correlation
The correlation between QQUP and OILU is -0.22, 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 (All Time) Calculated using the full available price history since Jun 13, 2025 | -0.22 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQUP vs. OILU — Risk / Return Rank
QQUP
OILU
QQUP vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.
Loading charts...
Sharpe Ratios by Period
| QQUP | OILU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.17 | +1.60 |
Drawdowns
QQUP vs. OILU - Drawdown Comparison
The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for QQUP and OILU.
Loading charts...
Drawdown Indicators
| QQUP | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -81.00% | +43.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -33.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.09% | — |
Current DrawdownCurrent decline from peak | -6.42% | -47.14% | +40.72% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -50.59% | +41.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.32% | — |
Volatility
QQUP vs. OILU - Volatility Comparison
Loading charts...
Volatility by Period
| QQUP | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 49.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.52% | 62.23% | -23.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.52% | 81.16% | -42.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.52% | 81.16% | -42.64% |
QQUP vs. OILU - Expense Ratio Comparison
Both QQUP and OILU have an expense ratio of 0.95%.
Dividends
QQUP vs. OILU - Dividend Comparison
QQUP's dividend yield for the trailing twelve months is around 0.42%, while OILU has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% |
QQUP ProShares Ultra Top QQQ | 0.42% | 0.29% |
Frequently Asked Questions
QQUP and OILU have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQUP and OILU have the same expense ratio: 0.95% per year.
QQUP has the higher dividend yield at 0.42%, compared with 0.00% for OILU.
QQUP is categorized as Leveraged Equities, while OILU is Leveraged Commodities. They also come from different issuers: ProShares and BMO.
Find the right allocation for QQUP and OILU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer