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SH vs. SQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SH and SQQQ is -0.87. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.9

Performance

SH vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short S&P500 (SH) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

-100.00%-98.00%-96.00%-94.00%-92.00%-90.00%-88.00%-86.00%NovemberDecember2025FebruaryMarchApril
-88.01%
-100.00%
SH
SQQQ

Key characteristics

Sharpe Ratio

SH:

-0.24

SQQQ:

-0.57

Sortino Ratio

SH:

-0.21

SQQQ:

-0.48

Omega Ratio

SH:

0.97

SQQQ:

0.94

Calmar Ratio

SH:

-0.05

SQQQ:

-0.42

Martin Ratio

SH:

-0.47

SQQQ:

-1.15

Ulcer Index

SH:

9.52%

SQQQ:

36.82%

Daily Std Dev

SH:

19.22%

SQQQ:

75.08%

Max Drawdown

SH:

-93.70%

SQQQ:

-100.00%

Current Drawdown

SH:

-93.05%

SQQQ:

-100.00%

Returns By Period

In the year-to-date period, SH achieves a 6.14% return, which is significantly higher than SQQQ's 3.12% return. Over the past 10 years, SH has outperformed SQQQ with an annualized return of -11.11%, while SQQQ has yielded a comparatively lower -50.95% annualized return.


SH

YTD

6.14%

1M

2.03%

6M

5.77%

1Y

-4.89%

5Y*

-12.76%

10Y*

-11.11%

SQQQ

YTD

3.12%

1M

-9.21%

6M

-7.21%

1Y

-42.83%

5Y*

-52.85%

10Y*

-50.95%

*Annualized

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SH vs. SQQQ - Expense Ratio Comparison

SH has a 0.90% expense ratio, which is lower than SQQQ's 0.95% expense ratio.


Expense ratio chart for SQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SQQQ: 0.95%
Expense ratio chart for SH: current value is 0.90%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SH: 0.90%

Risk-Adjusted Performance

SH vs. SQQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SH
The Risk-Adjusted Performance Rank of SH is 1111
Overall Rank
The Sharpe Ratio Rank of SH is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of SH is 99
Sortino Ratio Rank
The Omega Ratio Rank of SH is 99
Omega Ratio Rank
The Calmar Ratio Rank of SH is 1616
Calmar Ratio Rank
The Martin Ratio Rank of SH is 1111
Martin Ratio Rank

SQQQ
The Risk-Adjusted Performance Rank of SQQQ is 44
Overall Rank
The Sharpe Ratio Rank of SQQQ is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of SQQQ is 55
Sortino Ratio Rank
The Omega Ratio Rank of SQQQ is 55
Omega Ratio Rank
The Calmar Ratio Rank of SQQQ is 33
Calmar Ratio Rank
The Martin Ratio Rank of SQQQ is 44
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SH vs. SQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) 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.


The chart of Sharpe ratio for SH, currently valued at -0.23, compared to the broader market-1.000.001.002.003.004.00
SH: -0.24
SQQQ: -0.57
The chart of Sortino ratio for SH, currently valued at -0.21, compared to the broader market-2.000.002.004.006.008.00
SH: -0.21
SQQQ: -0.48
The chart of Omega ratio for SH, currently valued at 0.97, compared to the broader market0.501.001.502.002.50
SH: 0.97
SQQQ: 0.94
The chart of Calmar ratio for SH, currently valued at -0.05, compared to the broader market0.002.004.006.008.0010.0012.00
SH: -0.05
SQQQ: -0.42
The chart of Martin ratio for SH, currently valued at -0.47, compared to the broader market0.0020.0040.0060.00
SH: -0.47
SQQQ: -1.15

The current SH Sharpe Ratio is -0.24, which is higher than the SQQQ Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of SH and SQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.50-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.24
-0.57
SH
SQQQ

Dividends

SH vs. SQQQ - Dividend Comparison

SH's dividend yield for the trailing twelve months is around 5.31%, less than SQQQ's 9.00% yield.


TTM20242023202220212020201920182017
SH
ProShares Short S&P500
5.31%6.20%5.37%0.32%0.00%0.16%1.76%1.01%0.06%
SQQQ
ProShares UltraPro Short QQQ
9.00%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%

Drawdowns

SH vs. SQQQ - Drawdown Comparison

The maximum SH drawdown since its inception was -93.70%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SH and SQQQ. For additional features, visit the drawdowns tool.


-100.00%-98.00%-96.00%-94.00%-92.00%-90.00%-88.00%-86.00%NovemberDecember2025FebruaryMarchApril
-88.33%
-100.00%
SH
SQQQ

Volatility

SH vs. SQQQ - Volatility Comparison

The current volatility for ProShares Short S&P500 (SH) is 14.44%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 55.95%. This indicates that SH 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.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
14.44%
55.95%
SH
SQQQ