QQUP vs. QBIG

Last updated Jun 4, 2026

QQUP (ProShares Ultra Top QQQ) and QBIG (Invesco Top QQQ ETF) are both exchange-traded funds - QQUP is a Leveraged Equities fund tracking the Nasdaq-100 Mega Index (200%), while QBIG is a Large Cap Blend Equities fund actively managed by Invesco. QQUP is passively managed, while QBIG is actively managed. With a 0.98 correlation, they move nearly in lockstep. QQUP charges 0.95%/yr vs 0.29%/yr for QBIG.

Performance

QQUP vs. QBIG - Performance Comparison

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

Returns By Period

In the year-to-date period, QQUP achieves a 14.50% return, which is significantly higher than QBIG's 8.80% return.

QQUP

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

QBIG

• 1D: -1.97%
• 1M: 3.99%
• YTD: 8.80%
• 6M: 6.39%
• 1Y: 35.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQUP vs. QBIG - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	14.50%	44.45%
QBIG Invesco Top QQQ ETF	8.80%	23.29%

Correlation

The correlation between QQUP and QBIG is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.98

Return for Risk

QQUP vs. QBIG — Risk / Return Rank

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

QBIG

QBIG Risk / Return Rank: 45
QBIG Sharpe Ratio Rank: 53
QBIG Sortino Ratio Rank: 50
QBIG Omega Ratio Rank: 49
QBIG Calmar Ratio Rank: 37
QBIG Martin Ratio Rank: 36

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. QBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and Invesco Top QQQ ETF (QBIG). 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	QBIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	0.85	+0.92

Drawdowns

QQUP vs. QBIG - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, which is greater than QBIG's maximum drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for QQUP and QBIG.

Drawdown Indicators

	QQUP	QBIG	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-30.33%	-7.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.70%	—
Current Drawdown Current decline from peak	-6.42%	-3.34%	-3.08%
Average Drawdown Average peak-to-trough decline	-9.20%	-7.02%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.29%	—

Volatility

Volatility by Period

	QQUP	QBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.52%	19.43%	+19.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.52%	27.32%	+11.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.52%	27.32%	+11.20%

QQUP vs. QBIG - Expense Ratio Comparison

QQUP has a 0.95% expense ratio, which is higher than QBIG's 0.29% expense ratio.

Dividends

QQUP vs. QBIG - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.42%, while QBIG has not paid dividends to shareholders.

Position	TTM	2025
QBIG Invesco Top QQQ ETF	0.00%	0.00%
QQUP ProShares Ultra Top QQQ	0.42%	0.29%

Frequently Asked Questions

Can I hold both QQUP and QBIG in my portfolio?

With a correlation of 0.98, QQUP and QBIG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQUP or QBIG?

On fees, QBIG is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQUP or QBIG?

QBIG is cheaper with a 0.29% expense ratio, compared with 0.95% for QQUP.

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

QQUP has the higher dividend yield at 0.42%, compared with 0.00% for QBIG.

What is the main difference between QQUP and QBIG?

QQUP is categorized as Leveraged Equities, while QBIG is Large Cap Blend Equities. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for QQUP and 0.29% for QBIG.