QQXL vs. NOBL
QQXL (ProShares Ultra QQQ Top 30) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. QQXL is actively managed, while NOBL is passively managed. At a 0.12 correlation, their price movements are largely independent. QQXL charges 0.95%/yr vs 0.35%/yr for NOBL.
Performance
QQXL vs. NOBL - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly higher than NOBL's 4.61% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOBL
- 1D
- 1.06%
- 1M
- 1.10%
- YTD
- 4.61%
- 6M
- 4.84%
- 1Y
- 10.44%
- 3Y*
- 8.56%
- 5Y*
- 5.25%
- 10Y*
- 9.58%
QQXL vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 4.61% | 1.07% |
Correlation
The correlation between QQXL and NOBL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 18, 2025 | 0.12 |
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Return for Risk
QQXL vs. NOBL — Risk / Return Rank
QQXL
NOBL
QQXL vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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.
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Sharpe Ratios by Period
| QQXL | NOBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.92 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 0.65 | +1.30 |
Drawdowns
QQXL vs. NOBL - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for QQXL and NOBL.
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Drawdown Indicators
| QQXL | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -35.43% | +8.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.43% | — |
Current DrawdownCurrent decline from peak | -1.84% | -4.99% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -3.48% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.51% | — |
Volatility
QQXL vs. NOBL - Volatility Comparison
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Volatility by Period
| QQXL | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 11.37% | +25.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 14.39% | +22.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 16.60% | +20.33% |
QQXL vs. NOBL - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
QQXL vs. NOBL - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than NOBL's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.10% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 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 NOBL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NOBL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.95% for QQXL.
NOBL has the higher dividend yield at 2.10%, compared with 0.45% for QQXL.
QQXL is categorized as Leveraged Equities, while NOBL is Dividend. Their fees differ too: 0.95% for QQXL and 0.35% for NOBL.
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