QQXL vs. INTW

Last updated Jun 24, 2026

QQXL (ProShares Ultra QQQ Top 30) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. QQXL charges 0.95%/yr vs 1.50%/yr for INTW.

Performance

QQXL vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ Top 30 (QQXL) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQXL achieves a 29.98% return, which is significantly lower than INTW's 750.22% return.

QQXL

• 1D: -6.94%
• 1M: -4.15%
• YTD: 29.98%
• 6M: 26.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQXL vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
QQXL ProShares Ultra QQQ Top 30	29.98%	9.00%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	101.54%

Correlation

The correlation between QQXL and INTW is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 15, 2025	0.52

Return for Risk

QQXL vs. INTW — Risk / Return Rank

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

QQXL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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.

QQXL vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	—	13.25	—
Sortino ratio: Return per unit of downside risk	—	5.13	—
Omega ratio: Gain probability vs. loss probability	—	1.65	—
Calmar ratio: Return relative to maximum drawdown	—	40.32	—
Martin ratio: Return relative to average drawdown	—	91.49	—

Drawdowns

QQXL vs. INTW - Drawdown Comparison

The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum INTW drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for QQXL and INTW.

Drawdown Indicators

	QQXL	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-60.58%	+33.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.34%	—
Current Drawdown Current decline from peak	-10.03%	-12.49%	+2.46%
Average Drawdown Average peak-to-trough decline	-6.77%	-29.66%	+22.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.70%	—

Volatility

Volatility by Period

	QQXL	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	119.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.62%	150.14%	-109.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.62%	148.88%	-108.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.62%	148.88%	-108.26%

QQXL vs. INTW - Expense Ratio Comparison

QQXL has a 0.95% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

QQXL vs. INTW - Dividend Comparison

QQXL's dividend yield for the trailing twelve months is around 0.49%, while INTW has not paid dividends to shareholders.

Position	TTM	2025
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%
QQXL ProShares Ultra QQQ Top 30	0.49%	0.08%

Frequently Asked Questions

Can I hold both QQXL and INTW in my portfolio?

QQXL and INTW have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQXL or INTW?

On fees, QQXL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQXL or INTW?

QQXL is cheaper with a 0.95% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, QQXL or INTW?

QQXL has the higher dividend yield at 0.49%, compared with 0.00% for INTW.

What is the main difference between QQXL and INTW?

They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for QQXL and 1.50% for INTW.