SDD vs. YQQQ
SDD (ProShares UltraShort SmallCap600) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - SDD is a Inverse Equities fund tracking the S&P Small Cap 600 (-200%), while YQQQ is a Derivative Income fund actively managed by YieldMax. SDD is passively managed, while YQQQ is actively managed. Over the past year, SDD returned -41.53% vs -11.91% for YQQQ. A 0.59 correlation means they provide meaningful diversification when combined. SDD charges 0.95%/yr vs 0.99%/yr for YQQQ.
Performance
SDD vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SDD achieves a -23.94% return, which is significantly lower than YQQQ's -6.36% return.
SDD
- 1D
- 3.63%
- 1M
- 2.05%
- YTD
- -23.94%
- 6M
- -22.77%
- 1Y
- -41.53%
- 3Y*
- -23.30%
- 5Y*
- -14.95%
- 10Y*
- -26.75%
YQQQ
- 1D
- 2.41%
- 1M
- -2.05%
- YTD
- -6.36%
- 6M
- -3.98%
- 1Y
- -11.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDD vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SDD ProShares UltraShort SmallCap600 | -23.94% | -14.69% | -6.94% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -6.36% | -9.97% | -4.06% |
Correlation
The correlation between SDD and YQQQ is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | 0.59 |
The correlation between SDD and YQQQ has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.
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Return for Risk
SDD vs. YQQQ — Risk / Return Rank
SDD
YQQQ
SDD vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort SmallCap600 (SDD) 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.
| SDD | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.86 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.57 | -0.38 |
| Martin ratioReturn relative to average drawdown | -1.56 | -1.37 | -0.19 |
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
| SDD | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.15 | -0.94 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.68 | +0.10 |
Drawdowns
SDD vs. YQQQ - Drawdown Comparison
The maximum SDD drawdown since its inception was -99.93%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for SDD and YQQQ.
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Drawdown Indicators
| SDD | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -28.21% | -71.72% |
Max Drawdown (1Y)Largest decline over 1 year | -43.74% | -20.82% | -22.92% |
Max Drawdown (3Y)Largest decline over 3 years | -65.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -67.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.21% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -26.13% | -73.80% |
Average DrawdownAverage peak-to-trough decline | -86.92% | -14.28% | -72.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.68% | 8.70% | +17.98% |
Volatility
SDD vs. YQQQ - Volatility Comparison
ProShares UltraShort SmallCap600 (SDD) has a higher volatility of 9.35% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 4.35%. This indicates that SDD'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
| SDD | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 4.35% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 24.32% | 10.15% | +14.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.17% | 12.75% | +23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.23% | 16.33% | +26.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.16% | 16.33% | +28.83% |
SDD vs. YQQQ - Expense Ratio Comparison
SDD has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Dividends
SDD vs. YQQQ - Dividend Comparison
SDD's dividend yield for the trailing twelve months is around 6.11%, less than YQQQ's 28.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDD ProShares UltraShort SmallCap600 | 6.11% | 5.07% | 4.34% | 3.84% | 0.33% | 0.00% | 0.00% | 1.20% | 0.52% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 28.80% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDD and YQQQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDD has higher volatility (9.35%) compared to YQQQ (4.35%). In terms of maximum drawdown, SDD dropped -99.93% vs YQQQ's -28.21%.
On 1-year performance, YQQQ leads with -11.91% vs -41.53% for SDD. On fees, SDD is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 4.35%. 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 -11.91% return vs -41.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDD is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.
YQQQ has the higher dividend yield at 28.80%, compared with 6.11% for SDD.
SDD 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 SDD and 0.99% for YQQQ.
YQQQ currently has the higher Sharpe Ratio (-0.94 vs -1.15), 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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