REK vs. TQQQ
REK (ProShares Short Real Estate) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - REK is a REIT fund tracking the DJ Global United States (All) / Real Estate -SS (-100%), while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, REK returned -5.78%/yr vs 39.46%/yr for TQQQ. Their -0.47 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
REK vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, REK achieves a -9.66% return, which is significantly lower than TQQQ's 23.06% return. Over the past 10 years, REK has underperformed TQQQ with an annualized return of -5.78%, while TQQQ has yielded a comparatively higher 39.46% annualized return.
REK
- 1D
- 0.52%
- 1M
- -0.32%
- 6M
- -7.57%
- YTD
- -9.66%
- 1Y
- -6.99%
- 3Y*
- -3.68%
- 5Y*
- 0.17%
- 10Y*
- -5.78%
- ALL TIME*
- -9.82%
TQQQ
- 1D
- 2.09%
- 1M
- -11.90%
- 6M
- 20.14%
- YTD
- 23.06%
- 1Y
- 56.87%
- 3Y*
- 43.81%
- 5Y*
- 15.36%
- 10Y*
- 39.46%
- ALL TIME*
- 42.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $70.29K | $233.75K | $176.01K | |
| $4.37B | $4.57B | $5.33B |
REK vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | -9.66% | 2.35% | 1.42% | -6.61% | 29.17% | -30.58% | -11.33% | -20.96% | 4.61% | -9.34% |
TQQQ ProShares UltraPro QQQ | 23.06% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between REK and TQQQ is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | -0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.47 |
The correlation between REK and TQQQ shifts across timeframes, from -0.47 (all time) to 0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
REK vs. TQQQ — Risk / Return Rank
REK
TQQQ
REK vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and ProShares UltraPro QQQ (TQQQ). 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.
| REK | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.17 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.29 | -1.82 |
| Martin ratioReturn relative to average drawdown | -1.12 | 3.60 | -4.72 |
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Drawdowns
REK vs. TQQQ - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for REK and TQQQ.
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Drawdown Indicators
| REK | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -81.66% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -36.97% | +24.31% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -58.04% | +31.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -81.66% | +54.73% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -81.66% | +22.99% |
Current DrawdownCurrent decline from peak | -82.54% | -25.74% | -56.80% |
Average DrawdownAverage peak-to-trough decline | -64.24% | -18.49% | -45.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.02% | 13.24% | -7.22% |
Volatility
REK vs. TQQQ - Volatility Comparison
The current volatility for ProShares Short Real Estate (REK) is 4.68%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. This indicates that REK experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REK | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 20.41% | -15.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.19% | 47.79% | -36.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.27% | 57.62% | -43.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 68.04% | -49.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 66.57% | -46.20% |
REK vs. TQQQ - Expense Ratio Comparison
Both REK and TQQQ have an expense ratio of 0.95%.
Dividends
REK vs. TQQQ - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.28%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | 3.28% | 3.43% | 6.22% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.43% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.58% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
REK and TQQQ have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (20.41%) compared to REK (4.68%). In terms of maximum drawdown, REK dropped -84.57% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 39.46% vs -5.78% for REK. Both ETFs have the same 0.95% expense ratio. On volatility, REK has been the lower-risk option at 4.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TQQQ has performed better with a 39.46% return vs -5.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REK and TQQQ have the same expense ratio: 0.95% per year.
REK has the higher dividend yield at 3.28%, compared with 0.58% for TQQQ.
REK is categorized as REIT, while TQQQ is Leveraged Equities. REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while TQQQ tracks NASDAQ-100 Index (300%).
TQQQ currently has the higher Sharpe Ratio (0.83 vs -0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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