QQXL vs. ENFR
QQXL (ProShares Ultra QQQ Top 30) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. QQXL is actively managed, while ENFR is passively managed. At a correlation of -0.18, they often move in opposite directions. QQXL charges 0.95%/yr vs 0.35%/yr for ENFR.
Performance
QQXL vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 39.67% return, which is significantly higher than ENFR's 23.07% return.
QQXL
- 1D
- -0.57%
- 1M
- 3.00%
- YTD
- 39.67%
- 6M
- 37.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- 1.01%
- 1M
- -5.94%
- YTD
- 23.07%
- 6M
- 24.76%
- 1Y
- 24.84%
- 3Y*
- 28.26%
- 5Y*
- 19.69%
- 10Y*
- 11.81%
QQXL vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 39.67% | 9.00% |
ENFR Alerian Energy Infrastructure ETF | 23.07% | 0.68% |
Correlation
The correlation between QQXL and ENFR is -0.18, 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 Aug 15, 2025 | -0.18 |
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Return for Risk
QQXL vs. ENFR — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ENFR
QQXL vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and Alerian Energy Infrastructure ETF (ENFR). 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.
| QQXL | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.89 | — |
| Martin ratioReturn relative to average drawdown | — | 7.40 | — |
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Drawdowns
QQXL vs. ENFR - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for QQXL and ENFR.
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Drawdown Indicators
| QQXL | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -68.28% | +40.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -3.33% | -6.12% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -15.94% | +9.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.36% | — |
Volatility
QQXL vs. ENFR - Volatility Comparison
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Volatility by Period
| QQXL | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.96% | 14.82% | +25.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.96% | 19.24% | +20.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.96% | 24.68% | +15.28% |
QQXL vs. ENFR - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
QQXL vs. ENFR - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.46%, less than ENFR's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 4.08% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
QQXL ProShares Ultra QQQ Top 30 | 0.46% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQXL and ENFR have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENFR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENFR is cheaper with a 0.35% expense ratio, compared with 0.95% for QQXL.
ENFR has the higher dividend yield at 4.08%, compared with 0.46% for QQXL.
QQXL is categorized as Leveraged Equities, while ENFR is Energy Equities. They also come from different issuers: ProShares and SS&C. Their fees differ too: 0.95% for QQXL and 0.35% for ENFR.
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