SKYU vs. QQQ
Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Invesco QQQ (QQQ).
SKYU and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SKYU and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYU or QQQ.
Key characteristics
| SKYU | QQQ | |
|---|---|---|
| YTD Return | 69.07% | 25.79% |
| 1Y Return | 118.52% | 36.91% |
| 3Y Return (Ann) | -12.46% | 9.89% |
| Sharpe Ratio | 2.68 | 2.11 |
| Sortino Ratio | 2.96 | 2.78 |
| Omega Ratio | 1.40 | 1.38 |
| Calmar Ratio | 1.65 | 2.69 |
| Martin Ratio | 14.82 | 9.81 |
| Ulcer Index | 7.89% | 3.72% |
| Daily Std Dev | 43.70% | 17.32% |
| Max Drawdown | -83.01% | -82.98% |
| Current Drawdown | -36.10% | -0.24% |
Correlation
The correlation between SKYU and QQQ 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.
Performance
SKYU vs. QQQ - Performance Comparison
In the year-to-date period, SKYU achieves a 69.07% return, which is significantly higher than QQQ's 25.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SKYU vs. QQQ - Expense Ratio Comparison
SKYU has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SKYU vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Invesco QQQ (QQQ). 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.
Dividends
SKYU vs. QQQ - Dividend Comparison
SKYU's dividend yield for the trailing twelve months is around 0.09%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SKYU vs. QQQ - Drawdown Comparison
The maximum SKYU drawdown since its inception was -83.01%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SKYU and QQQ. For additional features, visit the drawdowns tool.
Volatility
SKYU vs. QQQ - Volatility Comparison
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has a higher volatility of 13.45% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that SKYU's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.