RXL vs. QQQ
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Invesco QQQ ETF (QQQ).
RXL and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both RXL and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RXL vs. QQQ - Performance Comparison
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RXL vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | -9.67% | 19.76% | -2.72% | -3.15% | -15.26% | 48.06% | 19.24% | 40.40% | 3.38% | 46.92% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, RXL achieves a -9.67% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, RXL has underperformed QQQ with an annualized return of 12.77%, while QQQ has yielded a comparatively higher 18.99% annualized return.
RXL
- 1D
- 1.75%
- 1M
- -12.90%
- YTD
- -9.67%
- 6M
- 4.12%
- 1Y
- 0.69%
- 3Y*
- 4.08%
- 5Y*
- 4.05%
- 10Y*
- 12.77%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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RXL vs. QQQ - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
RXL vs. QQQ — Risk / Return Rank
RXL
QQQ
RXL vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) and Invesco QQQ ETF (QQQ). 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.
| RXL | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 1.07 | -1.05 |
Sortino ratioReturn per unit of downside risk | 0.28 | 1.66 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.00 | -2.10 |
Martin ratioReturn relative to average drawdown | -0.19 | 7.32 | -7.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RXL | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 1.07 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.59 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.86 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.38 | +0.03 |
Correlation
The correlation between RXL and QQQ is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RXL vs. QQQ - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.61%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.61% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
RXL vs. QQQ - Drawdown Comparison
The maximum RXL drawdown since its inception was -67.70%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for RXL and QQQ.
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Drawdown Indicators
| RXL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.70% | -82.97% | +15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -22.73% | -12.62% | -10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -35.12% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -35.12% | -15.88% |
Current DrawdownCurrent decline from peak | -17.90% | -7.86% | -10.04% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -32.99% | +17.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 3.44% | +8.24% |
Volatility
RXL vs. QQQ - Volatility Comparison
ProShares Ultra Health Care (RXL) has a higher volatility of 9.47% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that RXL's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RXL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.47% | 6.61% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 12.82% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.51% | 22.70% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.34% | 22.38% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.19% | 22.25% | +10.94% |