QQXL vs. IYE
QQXL (ProShares Ultra QQQ Top 30) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. QQXL is actively managed, while IYE is passively managed. At a correlation of -0.18, they often move in opposite directions. QQXL charges 0.95%/yr vs 0.42%/yr for IYE.
Performance
QQXL vs. IYE - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 23.10% return, which is significantly lower than IYE's 30.18% return.
QQXL
- 1D
- -2.68%
- 1M
- -7.40%
- 6M
- 21.02%
- YTD
- 23.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE
- 1D
- 1.19%
- 1M
- 6.13%
- 6M
- 22.40%
- YTD
- 30.18%
- 1Y
- 36.49%
- 3Y*
- 15.02%
- 5Y*
- 22.04%
- 10Y*
- 8.42%
QQXL vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 23.10% | 9.00% |
IYE iShares U.S. Energy ETF | 30.18% | 6.02% |
Correlation
The correlation between QQXL and IYE 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. IYE — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYE
QQXL vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and iShares U.S. Energy ETF (IYE). 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 | IYE | 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 | — | 2.52 | — |
| Martin ratioReturn relative to average drawdown | — | 6.71 | — |
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Drawdowns
QQXL vs. IYE - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for QQXL and IYE.
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Drawdown Indicators
| QQXL | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -73.74% | +46.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -14.79% | -7.01% | -7.78% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -19.32% | +12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.45% | — |
Volatility
QQXL vs. IYE - Volatility Comparison
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Volatility by Period
| QQXL | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.47% | 20.41% | +21.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.47% | 25.55% | +15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.47% | 29.50% | +11.97% |
QQXL vs. IYE - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than IYE's 0.42% expense ratio.
Dividends
QQXL vs. IYE - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.82%, less than IYE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.18% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
QQXL ProShares Ultra QQQ Top 30 | 0.82% | 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 IYE 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, IYE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYE is cheaper with a 0.42% expense ratio, compared with 0.95% for QQXL.
IYE has the higher dividend yield at 2.18%, compared with 0.82% for QQXL.
QQXL is categorized as Leveraged Equities, while IYE is Energy Equities. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for QQXL and 0.42% for IYE.
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