RINF vs. SQQQ
RINF (ProShares Inflation Expectations ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, RINF returned 4.53%/yr vs -56.25%/yr for SQQQ. At a correlation of -0.11, they often move in opposite directions. RINF charges 0.30%/yr vs 0.95%/yr for SQQQ.
Performance
RINF vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, RINF achieves a -0.10% return, which is significantly higher than SQQQ's -40.47% return. Over the past 10 years, RINF has outperformed SQQQ with an annualized return of 4.53%, while SQQQ has yielded a comparatively lower -56.25% annualized return.
RINF
- 1D
- -1.23%
- 1M
- -2.57%
- YTD
- -0.10%
- 6M
- 0.32%
- 1Y
- 0.96%
- 3Y*
- 3.52%
- 5Y*
- 4.84%
- 10Y*
- 4.53%
SQQQ
- 1D
- -0.27%
- 1M
- -2.53%
- YTD
- -40.47%
- 6M
- -37.47%
- 1Y
- -59.36%
- 3Y*
- -53.90%
- 5Y*
- -46.94%
- 10Y*
- -56.25%
RINF vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | -0.10% | 1.64% | 9.79% | 0.21% | 8.77% | 16.20% | 1.98% | 1.82% | -0.79% | -1.70% |
SQQQ ProShares UltraPro Short QQQ | -40.47% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between RINF and SQQQ is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | -0.11 |
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Return for Risk
RINF vs. SQQQ — Risk / Return Rank
RINF
SQQQ
RINF vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) 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.
| RINF | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.79 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.94 | +1.25 |
| Martin ratioReturn relative to average drawdown | 0.69 | -1.77 | +2.46 |
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Drawdowns
RINF vs. SQQQ - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.51%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for RINF and SQQQ.
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Drawdown Indicators
| RINF | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -100.00% | +56.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -63.25% | +60.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -92.51% | +82.89% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -97.27% | +83.69% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -99.98% | +70.80% |
Current DrawdownCurrent decline from peak | -3.06% | -100.00% | +96.94% |
Average DrawdownAverage peak-to-trough decline | -16.39% | -92.73% | +76.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 33.97% | -32.58% |
Volatility
RINF vs. SQQQ - Volatility Comparison
The current volatility for ProShares Inflation Expectations ETF (RINF) is 1.55%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.67%. This indicates that RINF 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
| RINF | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 26.67% | -25.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 43.18% | -40.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 53.58% | -49.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 67.53% | -54.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 66.46% | -53.90% |
RINF vs. SQQQ - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Dividends
RINF vs. SQQQ - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 3.79%, less than SQQQ's 11.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 3.79% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
SQQQ ProShares UltraPro Short QQQ | 11.47% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
Frequently Asked Questions
RINF and SQQQ have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (26.67%) compared to RINF (1.55%). In terms of maximum drawdown, RINF dropped -43.51% vs SQQQ's -100.00%.
On 10-year performance, RINF leads with 4.53% vs -56.25% for SQQQ. On fees, RINF is cheaper at 0.30% per year. On volatility, RINF has been the lower-risk option at 1.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RINF has performed better with a 4.53% return vs -56.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RINF is cheaper with a 0.30% expense ratio, compared with 0.95% for SQQQ.
SQQQ has the higher dividend yield at 11.47%, compared with 3.79% for RINF.
RINF is categorized as Inflation-Protected Bonds, while SQQQ is Leveraged Equities. RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while SQQQ tracks NASDAQ-100 Index (-300%). Their fees differ too: 0.30% for RINF and 0.95% for SQQQ.
RINF currently has the higher Sharpe Ratio (0.21 vs -1.11), 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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