QQXL vs. YSPY
QQXL (ProShares Ultra QQQ Top 30) and YSPY (GraniteShares YieldBOOST SPY ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. QQXL charges 0.95%/yr vs 1.07%/yr for YSPY.
Performance
QQXL vs. YSPY - 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 YSPY's 5.57% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YSPY
- 1D
- 0.03%
- 1M
- 3.66%
- YTD
- 5.57%
- 6M
- 6.83%
- 1Y
- 27.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. YSPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
YSPY GraniteShares YieldBOOST SPY ETF | 5.57% | 10.46% |
Correlation
The correlation between QQXL and YSPY is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 18, 2025 | 0.82 |
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Return for Risk
QQXL vs. YSPY — Risk / Return Rank
QQXL
YSPY
QQXL vs. YSPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and GraniteShares YieldBOOST SPY ETF (YSPY). 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 | YSPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 0.56 | +1.39 |
Drawdowns
QQXL vs. YSPY - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, which is greater than YSPY's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for QQXL and YSPY.
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Drawdown Indicators
| QQXL | YSPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -18.74% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.60% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.40% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -4.99% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.94% | — |
Volatility
QQXL vs. YSPY - Volatility Comparison
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Volatility by Period
| QQXL | YSPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 19.08% | +17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 21.24% | +15.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 21.24% | +15.69% |
QQXL vs. YSPY - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is lower than YSPY's 1.07% expense ratio.
Dividends
QQXL vs. YSPY - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than YSPY's 56.96% yield.
| Position | TTM | 2025 |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
YSPY GraniteShares YieldBOOST SPY ETF | 56.96% | 45.57% |
Frequently Asked Questions
QQXL and YSPY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQXL is cheaper with a 0.95% expense ratio, compared with 1.07% for YSPY.
YSPY has the higher dividend yield at 56.96%, compared with 0.45% for QQXL.
They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for QQXL and 1.07% for YSPY.
Find the right allocation for QQXL and YSPY
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