QQUP vs. USD
Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and ProShares Ultra Semiconductors (USD).
QQUP and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both QQUP and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQUP vs. USD - Performance Comparison
Loading graphics...
QQUP vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQUP ProShares Ultra Top QQQ | -21.45% | 44.45% |
USD ProShares Ultra Semiconductors | -4.90% | 64.75% |
Returns By Period
In the year-to-date period, QQUP achieves a -21.45% return, which is significantly lower than USD's -4.90% return.
QQUP
- 1D
- 2.59%
- 1M
- -8.10%
- YTD
- -21.45%
- 6M
- -20.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQUP vs. USD - Expense Ratio Comparison
Both QQUP and USD have an expense ratio of 0.95%.
Return for Risk
QQUP vs. USD — Risk / Return Rank
QQUP
USD
QQUP vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and ProShares Ultra Semiconductors (USD). 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 graphics...
Sharpe Ratios by Period
| QQUP | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.90 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.41 | +0.04 |
Correlation
The correlation between QQUP and USD is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QQUP vs. USD - Dividend Comparison
QQUP's dividend yield for the trailing twelve months is around 0.61%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQUP ProShares Ultra Top QQQ | 0.61% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
QQUP vs. USD - Drawdown Comparison
The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for QQUP and USD.
Loading graphics...
Drawdown Indicators
| QQUP | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -88.63% | +50.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -30.55% | -21.24% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -32.60% | +23.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.60% | — |
Volatility
QQUP vs. USD - Volatility Comparison
Loading graphics...
Volatility by Period
| QQUP | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 48.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 77.08% | -38.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.72% | 76.24% | -37.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.72% | 68.85% | -30.13% |