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 -6.40%/yr vs 45.48%/yr for TQQQ. At a correlation of -0.48, they often move in opposite directions. 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 -9.23% return, which is significantly lower than TQQQ's 41.43% return. Over the past 10 years, REK has underperformed TQQQ with an annualized return of -6.40%, while TQQQ has yielded a comparatively higher 45.48% annualized return.
REK
- 1D
- -1.45%
- 1M
- -0.67%
- YTD
- -9.23%
- 6M
- -9.52%
- 1Y
- -4.22%
- 3Y*
- -5.24%
- 5Y*
- -0.65%
- 10Y*
- -6.40%
TQQQ
- 1D
- -9.86%
- 1M
- -4.37%
- YTD
- 41.43%
- 6M
- 35.75%
- 1Y
- 100.69%
- 3Y*
- 58.02%
- 5Y*
- 21.47%
- 10Y*
- 45.48%
REK vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | -9.23% | 2.35% | 1.42% | -6.61% | 29.17% | -30.58% | -11.33% | -20.96% | 4.61% | -9.34% |
TQQQ ProShares UltraPro QQQ | 41.43% | 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 -0.05, 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 (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.48 |
Over the past year, the inverse relationship between REK and TQQQ has weakened: their correlation has moved from -0.48 to -0.05, meaning they move in opposite directions less often than they have historically.
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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 | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.74 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.86 | 8.72 | -9.57 |
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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 | -11.05% | -36.97% | +25.92% |
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 | -82.46% | -14.65% | -67.81% |
Average DrawdownAverage peak-to-trough decline | -64.12% | -18.49% | -45.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 11.59% | -6.65% |
Volatility
REK vs. TQQQ - Volatility Comparison
The current volatility for ProShares Short Real Estate (REK) is 5.22%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.27%. 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 | 5.22% | 27.27% | -22.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 43.35% | -32.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 53.39% | -39.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 67.41% | -48.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 66.32% | -45.97% |
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 3.36%, more than TQQQ's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | 3.36% | 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 | 0.42% | 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 -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (27.27%) compared to REK (5.22%). In terms of maximum drawdown, REK dropped -84.57% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 45.48% vs -6.40% for REK. Both ETFs have the same 0.95% expense ratio. On volatility, REK has been the lower-risk option at 5.22%. 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 45.48% return vs -6.40%. 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 3.36%, compared with 0.42% 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 (1.90 vs -0.30), 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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