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 -19.63%/yr vs 39.46%/yr for TQQQ. Their -0.52 correlation means they have often moved in opposite directions in the past. 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 -10.24% return, which is significantly lower than TQQQ's 23.06% return. Over the past 10 years, RXD has underperformed TQQQ with an annualized return of -19.63%, while TQQQ has yielded a comparatively higher 39.46% annualized return.
RXD
- 1D
- 0.47%
- 1M
- 0.46%
- 6M
- -10.79%
- YTD
- -10.24%
- 1Y
- -35.49%
- 3Y*
- -10.24%
- 5Y*
- -7.59%
- 10Y*
- -19.63%
- ALL TIME*
- -22.75%
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) |
|---|---|---|---|
| $208.34K | $158.30K | $97.64K | |
| $4.37B | $4.57B | $5.33B |
RXD vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -10.24% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
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 RXD and TQQQ is -0.04, 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. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.52 |
Over the past year, the inverse relationship between RXD and TQQQ has weakened: their correlation has moved from -0.52 to -0.04, 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 | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.17 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.29 | -2.18 |
| Martin ratioReturn relative to average drawdown | -1.40 | 3.60 | -5.00 |
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Drawdowns
RXD vs. TQQQ - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.68%, 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 | -99.68% | -81.66% | -18.02% |
Max Drawdown (1Y)Largest decline over 1 year | -40.79% | -36.97% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -58.04% | +15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -46.11% | -81.66% | +35.55% |
Max Drawdown (10Y)Largest decline over 10 years | -91.52% | -81.66% | -9.86% |
Current DrawdownCurrent decline from peak | -99.67% | -25.74% | -73.93% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -18.49% | -63.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.78% | 13.24% | +12.54% |
Volatility
RXD vs. TQQQ - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 11.80%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. 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 | 11.80% | 20.41% | -8.61% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 47.79% | -23.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 57.62% | -26.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 68.04% | -37.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 66.57% | -33.42% |
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 3.31%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.31% | 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 | 0.58% | 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
RXD and TQQQ have a correlation of -0.04, 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 RXD (11.80%). In terms of maximum drawdown, RXD dropped -99.68% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 39.46% vs -19.63% for RXD. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 11.80%. 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 -19.63%. 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 3.31%, compared with 0.58% 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 (0.83 vs -1.16), 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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