SBB vs. YQQQ
SBB (ProShares Short SmallCap600) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - SBB is a Inverse Equities fund tracking the S&P SmallCap 600 Index (-100%), while YQQQ is a Derivative Income fund actively managed by YieldMax. SBB is passively managed, while YQQQ is actively managed. Over the past year, SBB returned -22.27% vs -13.84% for YQQQ. A 0.58 correlation means they provide meaningful diversification when combined. SBB charges 0.95%/yr vs 0.99%/yr for YQQQ.
Performance
SBB vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -13.39% return, which is significantly lower than YQQQ's -8.57% return.
SBB
- 1D
- -1.22%
- 1M
- -1.20%
- YTD
- -13.39%
- 6M
- -12.19%
- 1Y
- -22.27%
- 3Y*
- -10.56%
- 5Y*
- -4.83%
- 10Y*
- -11.72%
YQQQ
- 1D
- 0.41%
- 1M
- -6.24%
- YTD
- -8.57%
- 6M
- -6.48%
- 1Y
- -13.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBB vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBB ProShares Short SmallCap600 | -13.39% | -3.56% | -1.74% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -8.57% | -9.97% | -4.06% |
Correlation
The correlation between SBB and YQQQ is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | 0.58 |
The correlation between SBB and YQQQ has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
SBB vs. YQQQ — Risk / Return Rank
SBB
YQQQ
SBB vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.
| SBB | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.67 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.61 | -0.08 |
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
| SBB | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | -1.11 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.76 | +0.25 |
Drawdowns
SBB vs. YQQQ - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.75%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for SBB and YQQQ.
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Drawdown Indicators
| SBB | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -28.21% | -67.54% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -20.82% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.83% | — | — |
Current DrawdownCurrent decline from peak | -95.75% | -27.87% | -67.88% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -14.25% | -60.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 8.62% | +4.57% |
Volatility
SBB vs. YQQQ - Volatility Comparison
ProShares Short SmallCap600 (SBB) has a higher volatility of 4.55% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 3.90%. This indicates that SBB's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBB | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 3.90% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 9.85% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 12.50% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 16.25% | +5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 16.25% | +7.01% |
SBB vs. YQQQ - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Dividends
SBB vs. YQQQ - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.63%, less than YQQQ's 32.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | 3.63% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 32.16% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBB and YQQQ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBB has higher volatility (4.55%) compared to YQQQ (3.90%). In terms of maximum drawdown, SBB dropped -95.75% vs YQQQ's -28.21%.
On 1-year performance, YQQQ leads with -13.84% vs -22.27% for SBB. On fees, SBB is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YQQQ has performed better with a -13.84% return vs -22.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SBB is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.
YQQQ has the higher dividend yield at 32.16%, compared with 3.63% for SBB.
SBB is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for SBB and 0.99% for YQQQ.
YQQQ currently has the higher Sharpe Ratio (-1.11 vs -1.25), 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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