SCC vs. QLD
SCC (ProShares UltraShort Consumer Services) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds from ProShares - SCC tracks the DJ Global United States (All) / Consumer Services -IND (-200%) while QLD tracks the NASDAQ-100 Index (200%). Both are passively managed. Over the past 10 years, SCC returned -25.08%/yr vs 36.10%/yr for QLD. At a correlation of -0.74, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
SCC vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.99% return, which is significantly lower than QLD's 42.06% return. Over the past 10 years, SCC has underperformed QLD with an annualized return of -25.08%, while QLD has yielded a comparatively higher 36.10% annualized return.
SCC
- 1D
- 1.71%
- 1M
- 1.88%
- YTD
- 3.99%
- 6M
- 4.09%
- 1Y
- -15.43%
- 3Y*
- -25.44%
- 5Y*
- -15.79%
- 10Y*
- -25.08%
QLD
- 1D
- -0.53%
- 1M
- 21.54%
- YTD
- 42.06%
- 6M
- 37.45%
- 1Y
- 85.49%
- 3Y*
- 50.15%
- 5Y*
- 25.75%
- 10Y*
- 36.10%
SCC vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.99% | -18.97% | -36.01% | -44.34% | 64.09% | -25.84% | -54.75% | -38.94% | -8.53% | -31.58% |
QLD ProShares Ultra QQQ | 42.06% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between SCC and QLD is -0.71, 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 | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2007 | -0.74 |
The correlation between SCC and QLD shifts across timeframes, from -0.83 (5 years) to -0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCC vs. QLD — Risk / Return Rank
SCC
QLD
SCC vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and ProShares Ultra QQQ (QLD). 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.
| SCC | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.43 | 2.70 | -3.13 |
Sortino ratioReturn per unit of downside risk | -0.39 | 3.16 | -3.55 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.41 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.42 | -3.95 |
Martin ratioReturn relative to average drawdown | -0.80 | 11.92 | -12.72 |
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
| SCC | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 2.70 | -3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.58 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | 0.81 | -1.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.60 | -1.24 |
Drawdowns
SCC vs. QLD - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for SCC and QLD.
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Drawdown Indicators
| SCC | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -83.13% | -16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -29.02% | -25.13% | -3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -42.29% | -24.81% |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | -63.68% | -13.66% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | -63.68% | -31.87% |
Current DrawdownCurrent decline from peak | -99.90% | -0.53% | -99.37% |
Average DrawdownAverage peak-to-trough decline | -85.95% | -18.17% | -67.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 7.20% | +12.01% |
Volatility
SCC vs. QLD - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 10.71% compared to ProShares Ultra QQQ (QLD) at 8.90%. This indicates that SCC's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCC | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 8.90% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 26.41% | 24.08% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 31.85% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 44.74% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 44.56% | -5.04% |
SCC vs. QLD - Expense Ratio Comparison
Both SCC and QLD have an expense ratio of 0.95%.
Dividends
SCC vs. QLD - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 4.53%, more than QLD's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.12% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
SCC ProShares UltraShort Consumer Services | 4.53% | 4.87% | 7.46% | 4.53% | 0.53% | 0.00% | 0.06% | 2.67% | 0.86% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCC and QLD have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCC has higher volatility (10.71%) compared to QLD (8.90%). In terms of maximum drawdown, SCC dropped -99.92% vs QLD's -83.13%.
On 10-year performance, QLD leads with 36.10% vs -25.08% for SCC. Both ETFs have the same 0.95% expense ratio. On volatility, QLD has been the lower-risk option at 8.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QLD has performed better with a 36.10% return vs -25.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCC and QLD have the same expense ratio: 0.95% per year.
SCC has the higher dividend yield at 4.53%, compared with 0.12% for QLD.
SCC tracks DJ Global United States (All) / Consumer Services -IND (-200%), while QLD tracks NASDAQ-100 Index (200%).
QLD currently has the higher Sharpe Ratio (2.70 vs -0.43), 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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