SCC vs. SQQQ
SCC (ProShares UltraShort Consumer Services) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - SCC tracks the DJ Global United States (All) / Consumer Services -IND (-200%) while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, SCC returned -25.08%/yr vs -56.01%/yr for SQQQ. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
SCC vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.99% return, which is significantly higher than SQQQ's -45.27% return. Over the past 10 years, SCC has outperformed SQQQ with an annualized return of -25.08%, while SQQQ has yielded a comparatively lower -56.01% 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%
SQQQ
- 1D
- 0.76%
- 1M
- -26.37%
- YTD
- -45.27%
- 6M
- -42.79%
- 1Y
- -65.16%
- 3Y*
- -56.19%
- 5Y*
- -49.17%
- 10Y*
- -56.01%
SCC vs. SQQQ - 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% |
SQQQ ProShares UltraPro Short QQQ | -45.27% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between SCC and SQQQ is 0.71, 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 | 0.71 |
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 12, 2010 | 0.72 |
The correlation between SCC and SQQQ shifts across timeframes, from 0.71 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCC vs. SQQQ — Risk / Return Rank
SCC
SQQQ
SCC vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.43 | -1.37 | +0.94 |
Sortino ratioReturn per unit of downside risk | -0.39 | -2.63 | +2.24 |
Omega ratioGain probability vs. loss probability | 0.96 | 0.72 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.99 | +0.46 |
Martin ratioReturn relative to average drawdown | -0.80 | -1.82 | +1.02 |
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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | -1.37 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.74 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | -0.85 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.88 | +0.24 |
Drawdowns
SCC vs. SQQQ - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SCC and SQQQ.
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Drawdown Indicators
| SCC | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -100.00% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -29.02% | -65.95% | +36.93% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -92.38% | +25.28% |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | -97.23% | +19.89% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | -99.98% | +4.43% |
Current DrawdownCurrent decline from peak | -99.90% | -100.00% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -85.95% | -92.40% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 35.73% | -16.52% |
Volatility
SCC vs. SQQQ - Volatility Comparison
The current volatility for ProShares UltraShort Consumer Services (SCC) is 10.71%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 13.75%. This indicates that SCC experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCC | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 13.75% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 26.41% | 36.45% | -10.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 47.79% | -11.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 66.64% | -22.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 66.11% | -26.59% |
SCC vs. SQQQ - Expense Ratio Comparison
Both SCC and SQQQ have an expense ratio of 0.95%.
Dividends
SCC vs. SQQQ - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 4.53%, less than SQQQ's 12.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SQQQ ProShares UltraPro Short QQQ | 12.48% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
SCC and SQQQ 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.
SQQQ has higher volatility (13.75%) compared to SCC (10.71%). In terms of maximum drawdown, SCC dropped -99.92% vs SQQQ's -100.00%.
On 10-year performance, SCC leads with -25.08% vs -56.01% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, SCC has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCC has performed better with a -25.08% return vs -56.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCC and SQQQ have the same expense ratio: 0.95% per year.
SQQQ has the higher dividend yield at 12.48%, compared with 4.53% for SCC.
SCC tracks DJ Global United States (All) / Consumer Services -IND (-200%), while SQQQ tracks NASDAQ-100 Index (-300%).
SCC currently has the higher Sharpe Ratio (-0.43 vs -1.37), 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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