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 0.09 correlation, their price movements are largely independent. QQXL charges 0.95%/yr vs 0.35%/yr for NOBL.
Performance
QQXL vs. NOBL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQXL achieves a 29.93% return, which is significantly higher than NOBL's 8.38% return.
QQXL
- 1D
- 1.80%
- 1M
- -7.57%
- YTD
- 29.93%
- 6M
- 25.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOBL
- 1D
- 0.79%
- 1M
- 4.19%
- YTD
- 8.38%
- 6M
- 7.32%
- 1Y
- 15.05%
- 3Y*
- 8.82%
- 5Y*
- 6.42%
- 10Y*
- 10.32%
QQXL vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 29.93% | 9.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 8.38% | 0.92% |
Correlation
The correlation between QQXL and NOBL is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 15, 2025 | 0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQXL vs. NOBL — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.66 | — |
| Martin ratioReturn relative to average drawdown | — | 4.21 | — |
Loading charts...
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.
Loading charts...
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 | -10.07% | -1.57% | -8.50% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -3.48% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.59% | — |
Volatility
QQXL vs. NOBL - Volatility Comparison
Loading charts...
Volatility by Period
| QQXL | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.52% | 11.52% | +29.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.52% | 14.39% | +26.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.52% | 16.60% | +23.92% |
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 0.78%, less than NOBL's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.09% | 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 | 0.78% | 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 0.09, 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 2.09%, compared with 0.78% 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.
Find the right allocation for QQXL and NOBL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer