SKYU vs. QLD
Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and ProShares Ultra QQQ (QLD).
SKYU and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYU is a passively managed fund by ProShares that tracks the performance of the ISE Cloud Computing Index (200%). It was launched on Jan 19, 2021. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both SKYU and QLD 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
SKYU vs. QLD - Performance Comparison
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SKYU vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | -30.59% | 2.76% | 65.79% | 105.76% | -75.95% | 7.15% |
QLD ProShares Ultra QQQ | -11.23% | 30.36% | 42.82% | 117.72% | -60.52% | 43.20% |
Returns By Period
In the year-to-date period, SKYU achieves a -30.59% return, which is significantly lower than QLD's -11.23% return.
SKYU
- 1D
- 1.85%
- 1M
- -1.21%
- YTD
- -30.59%
- 6M
- -36.73%
- 1Y
- -1.52%
- 3Y*
- 23.32%
- 5Y*
- -8.28%
- 10Y*
- —
QLD
- 1D
- 2.44%
- 1M
- -8.26%
- YTD
- -11.23%
- 6M
- -9.73%
- 1Y
- 38.72%
- 3Y*
- 36.50%
- 5Y*
- 15.83%
- 10Y*
- 29.71%
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SKYU vs. QLD - Expense Ratio Comparison
Both SKYU and QLD have an expense ratio of 0.95%.
Return for Risk
SKYU vs. QLD — Risk / Return Rank
SKYU
QLD
SKYU vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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.
| SKYU | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.87 | -0.89 |
Sortino ratioReturn per unit of downside risk | 0.39 | 1.46 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.63 | -1.61 |
Martin ratioReturn relative to average drawdown | 0.04 | 5.27 | -5.23 |
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
| SKYU | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.87 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.36 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.53 | -0.68 |
Correlation
The correlation between SKYU and QLD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SKYU vs. QLD - Dividend Comparison
SKYU's dividend yield for the trailing twelve months is around 1.01%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | 1.01% | 0.56% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
SKYU vs. QLD - Drawdown Comparison
The maximum SKYU drawdown since its inception was -83.01%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for SKYU and QLD.
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Drawdown Indicators
| SKYU | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.01% | -83.13% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -25.13% | -23.72% |
Max Drawdown (5Y)Largest decline over 5 years | -83.01% | -63.68% | -19.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -55.30% | -18.15% | -37.15% |
Average DrawdownAverage peak-to-trough decline | -49.36% | -18.30% | -31.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.57% | 7.75% | +12.82% |
Volatility
SKYU vs. QLD - Volatility Comparison
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has a higher volatility of 16.10% compared to ProShares Ultra QQQ (QLD) at 13.16%. This indicates that SKYU'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
| SKYU | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.10% | 13.16% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 38.96% | 25.67% | +13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.55% | 44.97% | +14.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.36% | 44.76% | +15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.41% | 44.47% | +15.94% |