RXD vs. TQQQ
RXD (ProShares UltraShort Health Care) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, RXD returned -19.70%/yr vs 42.27%/yr for TQQQ. At a correlation of -0.53, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
RXD vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -8.04% return, which is significantly lower than TQQQ's 38.33% return. Over the past 10 years, RXD has underperformed TQQQ with an annualized return of -19.70%, while TQQQ has yielded a comparatively higher 42.27% annualized return.
RXD
- 1D
- -0.18%
- 1M
- -9.97%
- 6M
- -5.09%
- YTD
- -8.04%
- 1Y
- -29.83%
- 3Y*
- -10.17%
- 5Y*
- -8.26%
- 10Y*
- -19.70%
TQQQ
- 1D
- -5.70%
- 1M
- -6.08%
- 6M
- 30.48%
- YTD
- 38.33%
- 1Y
- 74.65%
- 3Y*
- 50.58%
- 5Y*
- 18.33%
- 10Y*
- 42.27%
RXD vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -8.04% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
TQQQ ProShares UltraPro QQQ | 38.33% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between RXD and TQQQ is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.53 |
Over the past year, the inverse relationship between RXD and TQQQ has weakened: their correlation has moved from -0.53 to -0.08, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. TQQQ — Risk / Return Rank
RXD
TQQQ
RXD vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.24 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.03 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.23 | 6.23 | -7.46 |
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Drawdowns
RXD vs. TQQQ - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.67%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for RXD and TQQQ.
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Drawdown Indicators
| RXD | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -81.66% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -36.97% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -40.62% | -58.04% | +17.42% |
Max Drawdown (5Y)Largest decline over 5 years | -44.27% | -81.66% | +37.39% |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | -81.66% | -9.57% |
Current DrawdownCurrent decline from peak | -99.66% | -16.52% | -83.14% |
Average DrawdownAverage peak-to-trough decline | -81.95% | -18.48% | -63.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.31% | 12.02% | +12.29% |
Volatility
RXD vs. TQQQ - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 10.73%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 25.43%. This indicates that RXD 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
| RXD | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.73% | 25.43% | -14.70% |
Volatility (6M)Calculated over the trailing 6-month period | 23.00% | 45.80% | -22.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.23% | 55.32% | -24.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.14% | 67.74% | -37.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.04% | 66.40% | -33.36% |
RXD vs. TQQQ - Expense Ratio Comparison
Both RXD and TQQQ have an expense ratio of 0.95%.
Dividends
RXD vs. TQQQ - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.23%, more than TQQQ's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.23% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.52% | 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
RXD and TQQQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (25.43%) compared to RXD (10.73%). In terms of maximum drawdown, RXD dropped -99.67% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 42.27% vs -19.70% for RXD. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 10.73%. 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 42.27% return vs -19.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RXD and TQQQ have the same expense ratio: 0.95% per year.
RXD has the higher dividend yield at 3.23%, compared with 0.52% for TQQQ.
RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while TQQQ tracks NASDAQ-100 Index (300%).
TQQQ currently has the higher Sharpe Ratio (1.36 vs -0.96), 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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