SPDG vs. TQQQ

Last updated Jun 4, 2026

SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past year, SPDG returned 28.62% vs 137.89% for TQQQ. A 0.61 correlation means they provide meaningful diversification when combined. SPDG charges 0.05%/yr vs 0.95%/yr for TQQQ.

Performance

SPDG vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPDG achieves a 16.69% return, which is significantly lower than TQQQ's 64.46% return.

SPDG

• 1D: -0.67%
• 1M: 7.25%
• YTD: 16.69%
• 6M: 16.41%
• 1Y: 28.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPDG vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	16.69%	11.66%	20.22%	8.14%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	26.05%

Correlation

The correlation between SPDG and TQQQ is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.61

The correlation between SPDG and TQQQ shifts across timeframes, from 0.50 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

SPDG vs. TQQQ - Sectors Allocation Comparison

Sectors	SPDG	TQQQ
Technology	35.5%	53.8%
Financial Services	12.9%	0.2%
Communication Services	10.5%	15.8%
Consumer Cyclical	9.5%	12.3%
Healthcare	9.1%	4.2%
Industrials	8.5%	2.8%
Consumer Defensive	4.7%	7.7%
Energy	3.3%	0.6%
Utilities	2.4%	1.4%
Real Estate	2.2%	0.1%
Basic Materials	1.4%	1.1%

Return for Risk

SPDG vs. TQQQ — Risk / Return Rank

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

SPDG

SPDG Risk / Return Rank: 69
SPDG Sharpe Ratio Rank: 71
SPDG Sortino Ratio Rank: 75
SPDG Omega Ratio Rank: 69
SPDG Calmar Ratio Rank: 69
SPDG Martin Ratio Rank: 63

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPDG vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and ProShares UltraPro QQQ (TQQQ). 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.

	SPDG	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.92	-0.54
Sortino ratio: Return per unit of downside risk	3.41	3.09	+0.32
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	3.45	3.75	-0.30
Martin ratio: Return relative to average drawdown	11.57	12.27	-0.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPDG vs. TQQQ - Sharpe Ratio Comparison

The current SPDG Sharpe Ratio is 2.37, which is comparable to the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of SPDG and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPDG	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.92	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.74	+0.78

Drawdowns

SPDG vs. TQQQ - Drawdown Comparison

The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SPDG and TQQQ.

Drawdown Indicators

	SPDG	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-81.66%	+65.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-36.97%	+28.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-0.67%	-0.76%	+0.09%
Average Drawdown Average peak-to-trough decline	-2.19%	-18.52%	+16.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	11.28%	-8.80%

Volatility

SPDG vs. TQQQ - Volatility Comparison

The current volatility for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is 3.54%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that SPDG experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPDG	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	13.29%	-9.75%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	36.04%	-26.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	47.60%	-35.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	66.53%	-52.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	65.96%	-51.78%

SPDG vs. TQQQ - Expense Ratio Comparison

SPDG has a 0.05% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

SPDG vs. TQQQ - Dividend Comparison

SPDG's dividend yield for the trailing twelve months is around 2.59%, more than TQQQ's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	2.59%	2.87%	2.61%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.36%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both SPDG and TQQQ in my portfolio?

SPDG and TQQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPDG or TQQQ?

TQQQ has higher volatility (13.29%) compared to SPDG (3.54%). In terms of maximum drawdown, SPDG dropped -15.67% vs TQQQ's -81.66%.

Which ETF is better, SPDG or TQQQ?

On 1-year performance, TQQQ leads with 137.89% vs 28.62% for SPDG. On fees, SPDG is cheaper at 0.05% per year. On volatility, SPDG has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPDG or TQQQ?

Over the 1-year period, TQQQ has performed better with a 137.89% return vs 28.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPDG or TQQQ?

SPDG is cheaper with a 0.05% expense ratio, compared with 0.95% for TQQQ.

Which ETF pays a higher dividend yield, SPDG or TQQQ?

SPDG has the higher dividend yield at 2.59%, compared with 0.36% for TQQQ.

What is the main difference between SPDG and TQQQ?

SPDG is categorized as Dividend, while TQQQ is Leveraged Equities. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: State Street and ProShares. Their fees differ too: 0.05% for SPDG and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 vs 2.37), 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.