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QQXL vs. NOBL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQXL vs. NOBL

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra QQQ Top 30 (QQXL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).

QQXL and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQXL is an actively managed fund by ProShares. It was launched on Aug 13, 2025. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013.

Performance

QQXL vs. NOBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ Top 30 (QQXL) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). The values are adjusted to include any dividend payments, if applicable.

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QQXL vs. NOBL - Yearly Performance Comparison

2026 (YTD)2025
QQXL
ProShares Ultra QQQ Top 30		-12.08%8.66%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF		2.32%1.07%

Returns By Period

In the year-to-date period, QQXL achieves a -12.08% return, which is significantly lower than NOBL's 2.32% return.

QQXL

1D
2.82%
1M
-7.39%
YTD
-12.08%
6M
-10.46%
1Y
—
3Y*
—
5Y*
—
10Y*
—

NOBL

1D
-0.04%
1M
-6.79%
YTD
2.32%
6M
4.06%
1Y
6.18%
3Y*
7.40%
5Y*
6.30%
10Y*
9.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra QQQ Top 30

ProShares S&P 500 Dividend Aristocrats ETF

Often compared with QQXL:
QQXL vs. QQQQQXL vs. QQQMQQXL vs. QQUPQQXL vs. TQQQQQXL vs. BULZQQXL vs. QQQUQQXL vs. SPMO
Often compared with NOBL:
NOBL vs. SCHDNOBL vs. VIGNOBL vs. SPYNOBL vs. DGRONOBL vs. SDYNOBL vs. VOONOBL vs. KNG

QQXL vs. NOBL - Expense Ratio Comparison

QQXL has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.

QQXL
ProShares Ultra QQQ Top 30
NOBL
ProShares S&P 500 Dividend Aristocrats ETF

Return for Risk

QQXL vs. NOBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQXL
NOBL
NOBL Risk / Return Rank: 2323
Overall Rank
NOBL Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
NOBL Sortino Ratio Rank: 2323
Sortino Ratio Rank
NOBL Omega Ratio Rank: 2222
Omega Ratio Rank
NOBL Calmar Ratio Rank: 2424
Calmar Ratio Rank
NOBL Martin Ratio Rank: 2525
Martin Ratio Rank
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. 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.

QQXL vs. NOBL - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QQXLNOBLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.41

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.44

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.58

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.19

0.64

-0.84

Correlation

The correlation between QQXL and NOBL is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQXL vs. NOBL - Dividend Comparison

QQXL's dividend yield for the trailing twelve months is around 0.73%, less than NOBL's 2.14% yield.

TTM20252024202320222021202020192018201720162015
QQXL
ProShares Ultra QQQ Top 30		0.73%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF		2.14%2.14%2.05%2.09%1.94%1.89%2.14%1.89%2.37%1.74%2.13%2.02%

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

QQXLNOBLDifference

Max Drawdown

Largest peak-to-trough decline

-27.34%

-35.43%

+8.09%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.20%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.92%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.43%

—

Current Drawdown

Current decline from peak

-19.73%

-7.07%

-12.66%

Average Drawdown

Average peak-to-trough decline

-7.69%

-3.45%

-4.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.18%

—

Volatility

QQXL vs. NOBL - Volatility Comparison

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Volatility by Period

QQXLNOBLDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.55%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

8.06%

—

Volatility (1Y)

Calculated over the trailing 1-year period

36.70%

15.24%

+21.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.70%

14.39%

+22.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.70%

16.59%

+20.11%