QQXL vs. YSPY
QQXL (ProShares Ultra QQQ Top 30) and YSPY (GraniteShares YieldBOOST SPY ETF) are both Leveraged Equities funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. 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 23.10% return, which is significantly higher than YSPY's 2.80% return.
QQXL
- 1D
- -2.68%
- 1M
- -7.40%
- 6M
- 21.02%
- YTD
- 23.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YSPY
- 1D
- 0.01%
- 1M
- -0.36%
- 6M
- 0.07%
- YTD
- 2.80%
- 1Y
- 13.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. YSPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 23.10% | 9.00% |
YSPY GraniteShares YieldBOOST SPY ETF | 2.80% | 10.61% |
Correlation
The correlation between QQXL and YSPY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 15, 2025 | 0.76 |
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Return for Risk
QQXL vs. YSPY — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | YSPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.95 | — |
| Martin ratioReturn relative to average drawdown | — | 3.41 | — |
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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 | -14.79% | -3.01% | -11.78% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -4.82% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.08% | — |
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 | — | 1.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.47% | 19.13% | +22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.47% | 20.53% | +20.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.47% | 20.53% | +20.94% |
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 0.82%, less than YSPY's 54.46% yield.
| Position | TTM | 2025 |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.82% | 0.08% |
YSPY GraniteShares YieldBOOST SPY ETF | 54.46% | 45.57% |
Frequently Asked Questions
QQXL and YSPY have a correlation of 0.76, 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 54.46%, compared with 0.82% for QQXL.
They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for QQXL and 1.07% for YSPY.
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