SKF vs. SQQQ
Compare and contrast key facts about ProShares UltraShort Financials (SKF) and ProShares UltraPro Short QQQ (SQQQ).
SKF and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKF is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Financials -IND (-200%). It was launched on Jan 30, 2007. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both SKF and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SKF vs. SQQQ - Performance Comparison
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SKF vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKF ProShares UltraShort Financials | 21.76% | -23.99% | -36.29% | -21.78% | 17.63% | -47.66% | -42.40% | -42.97% | 16.42% | -31.70% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Returns By Period
In the year-to-date period, SKF achieves a 21.76% return, which is significantly higher than SQQQ's 13.99% return. Over the past 10 years, SKF has outperformed SQQQ with an annualized return of -26.15%, while SQQQ has yielded a comparatively lower -52.71% annualized return.
SKF
- 1D
- 0.06%
- 1M
- 6.91%
- YTD
- 21.76%
- 6M
- 16.27%
- 1Y
- -1.91%
- 3Y*
- -23.89%
- 5Y*
- -17.64%
- 10Y*
- -26.15%
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
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SKF vs. SQQQ - Expense Ratio Comparison
Both SKF and SQQQ have an expense ratio of 0.95%.
Return for Risk
SKF vs. SQQQ — Risk / Return Rank
SKF
SQQQ
SKF vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Financials (SKF) 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.
| SKF | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | -0.84 | +0.79 |
Sortino ratioReturn per unit of downside risk | 0.22 | -1.14 | +1.35 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.84 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.76 | +0.72 |
Martin ratioReturn relative to average drawdown | -0.05 | -0.87 | +0.82 |
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
| SKF | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.84 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | -0.64 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | -0.80 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | -0.85 | +0.34 |
Correlation
The correlation between SKF and SQQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SKF vs. SQQQ - Dividend Comparison
SKF's dividend yield for the trailing twelve months is around 3.88%, less than SQQQ's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKF ProShares UltraShort Financials | 3.88% | 5.61% | 7.94% | 3.93% | 0.03% | 0.00% | 0.11% | 1.29% | 0.06% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
SKF vs. SQQQ - Drawdown Comparison
The maximum SKF drawdown since its inception was -99.96%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SKF and SQQQ.
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Drawdown Indicators
| SKF | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -100.00% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -75.23% | +35.76% |
Max Drawdown (5Y)Largest decline over 5 years | -72.40% | -95.36% | +22.96% |
Max Drawdown (10Y)Largest decline over 10 years | -96.51% | -99.96% | +3.45% |
Current DrawdownCurrent decline from peak | -99.95% | -100.00% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -89.17% | -92.32% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.27% | 65.40% | -36.13% |
Volatility
SKF vs. SQQQ - Volatility Comparison
The current volatility for ProShares UltraShort Financials (SKF) is 9.64%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 19.98%. This indicates that SKF 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
| SKF | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 19.98% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 38.23% | -15.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 67.38% | -28.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 66.65% | -30.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.94% | 65.97% | -25.03% |