R1GR.AS vs. SQQQ
R1GR.AS (iShares Russell 1000 Growth UCITS ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - R1GR.AS is a Large Cap Growth Equities fund tracking the Russell 1000 Growth UCITS 30/18 Capped index, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past year, R1GR.AS returned 16.71% vs -59.41% for SQQQ. At a correlation of -0.60, they often move in opposite directions. R1GR.AS charges 0.18%/yr vs 0.95%/yr for SQQQ.
Performance
R1GR.AS vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, R1GR.AS achieves a 1.63% return, which is significantly higher than SQQQ's -40.98% return.
R1GR.AS
- 1D
- 0.00%
- 1M
- -3.78%
- YTD
- 1.63%
- 6M
- 1.07%
- 1Y
- 16.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -2.42%
- 1M
- 2.09%
- YTD
- -40.98%
- 6M
- -38.01%
- 1Y
- -59.41%
- 3Y*
- -54.63%
- 5Y*
- -47.03%
- 10Y*
- -56.54%
R1GR.AS vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1GR.AS iShares Russell 1000 Growth UCITS ETF | 1.63% | 17.57% | 35.07% | 11.97% |
SQQQ ProShares UltraPro Short QQQ | -40.98% | -53.05% | -49.79% | -29.36% |
Correlation
The correlation between R1GR.AS and SQQQ is -0.65, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | -0.60 |
The correlation between R1GR.AS and SQQQ has been stable across timeframes, ranging from -0.65 to -0.60 - a consistent structural relationship.
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Return for Risk
R1GR.AS vs. SQQQ — Risk / Return Rank
R1GR.AS
SQQQ
R1GR.AS vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth UCITS ETF (R1GR.AS) and ProShares UltraPro Short QQQ (SQQQ). 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.
| R1GR.AS | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.79 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.96 | +2.01 |
| Martin ratioReturn relative to average drawdown | 3.33 | -1.84 | +5.17 |
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Drawdowns
R1GR.AS vs. SQQQ - Drawdown Comparison
The maximum R1GR.AS drawdown since its inception was -23.09%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for R1GR.AS and SQQQ.
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Drawdown Indicators
| R1GR.AS | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.09% | -100.00% | +76.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.71% | -62.23% | +46.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -5.98% | -100.00% | +94.02% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -92.73% | +89.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 33.76% | -28.76% |
Volatility
R1GR.AS vs. SQQQ - Volatility Comparison
The current volatility for iShares Russell 1000 Growth UCITS ETF (R1GR.AS) is 5.11%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.22%. This indicates that R1GR.AS experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R1GR.AS | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 26.22% | -21.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 43.25% | -31.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 53.47% | -37.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.80% | 67.54% | -49.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 66.45% | -48.65% |
R1GR.AS vs. SQQQ - Expense Ratio Comparison
R1GR.AS has a 0.18% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Dividends
R1GR.AS vs. SQQQ - Dividend Comparison
R1GR.AS has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 10.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
R1GR.AS iShares Russell 1000 Growth UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 10.12% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
R1GR.AS and SQQQ have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1GR.AS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1GR.AS is cheaper with a 0.18% expense ratio, compared with 0.95% for SQQQ.
R1GR.AS is categorized as Large Cap Growth Equities, while SQQQ is Leveraged Equities. R1GR.AS tracks Russell 1000 Growth UCITS 30/18 Capped index, while SQQQ tracks NASDAQ-100 Index (-300%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.18% for R1GR.AS and 0.95% for SQQQ.
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