QQXL vs. HDV
QQXL (ProShares Ultra QQQ Top 30) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. QQXL is actively managed, while HDV is passively managed. At a correlation of -0.14, they often move in opposite directions. QQXL charges 0.95%/yr vs 0.08%/yr for HDV.
Performance
QQXL vs. HDV - 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 HDV's 12.57% return.
QQXL
- 1D
- -0.57%
- 1M
- 3.00%
- YTD
- 39.67%
- 6M
- 37.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.15%
- 1M
- -2.65%
- YTD
- 12.57%
- 6M
- 12.67%
- 1Y
- 19.54%
- 3Y*
- 14.97%
- 5Y*
- 10.90%
- 10Y*
- 9.31%
QQXL vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 39.67% | 9.00% |
HDV iShares Core High Dividend ETF | 12.57% | 2.25% |
Correlation
The correlation between QQXL and HDV is -0.14, 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 | -0.14 |
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Return for Risk
QQXL vs. HDV — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDV
QQXL vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
| QQXL | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.79 | — |
| Martin ratioReturn relative to average drawdown | — | 10.39 | — |
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Drawdowns
QQXL vs. HDV - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for QQXL and HDV.
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Drawdown Indicators
| QQXL | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -37.04% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.18% | — |
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 | -3.33% | -2.65% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -3.08% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.89% | — |
Volatility
QQXL vs. HDV - Volatility Comparison
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Volatility by Period
| QQXL | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.96% | 9.87% | +30.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.96% | 12.80% | +27.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.96% | 15.74% | +24.22% |
QQXL vs. HDV - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
QQXL vs. HDV - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.46%, less than HDV's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.94% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
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 HDV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDV is cheaper with a 0.08% expense ratio, compared with 0.95% for QQXL.
HDV has the higher dividend yield at 2.94%, compared with 0.46% for QQXL.
QQXL is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for QQXL and 0.08% for HDV.
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