SPXB vs. IQQQ

Last updated Jul 14, 2026

SPXB (ProShares S&P 500 Bond ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - SPXB is a Corporate Bonds fund tracking the S&P 500 MarketAxess Investment Grade Corporate Bond Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. At a correlation of -0.01, they often move in opposite directions. SPXB charges 0.15%/yr vs 0.55%/yr for IQQQ.

Performance

SPXB vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Bond ETF (SPXB) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPXB

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: -1.84%
• 1M: -1.65%
• 6M: 11.37%
• YTD: 13.67%
• 1Y: 25.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPXB vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	-1.94%
IQQQ ProShares Nasdaq-100 High Income ETF	13.67%	17.11%	14.82%

Correlation

The correlation between SPXB and IQQQ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	-0.01

Return for Risk

SPXB vs. IQQQ — Risk / Return Rank

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

SPXB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IQQQ

IQQQ Risk / Return Rank: 54
IQQQ Sharpe Ratio Rank: 55
IQQQ Sortino Ratio Rank: 50
IQQQ Omega Ratio Rank: 51
IQQQ Calmar Ratio Rank: 59
IQQQ Martin Ratio Rank: 57

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.

SPXB vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPXB	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.48	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	7.74	—

Drawdowns

Drawdown Indicators

	SPXB	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.41%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.13%	—
Current Drawdown Current decline from peak	—	-4.54%	—
Average Drawdown Average peak-to-trough decline	—	-3.63%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.36%	—

Volatility

Volatility by Period

	SPXB	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	17.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.16%	—

SPXB vs. IQQQ - Expense Ratio Comparison

SPXB has a 0.15% expense ratio, which is lower than IQQQ's 0.55% expense ratio.

Dividends

SPXB vs. IQQQ - Dividend Comparison

SPXB has not paid dividends to shareholders, while IQQQ's dividend yield for the trailing twelve months is around 5.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IQQQ ProShares Nasdaq-100 High Income ETF	5.25%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	1.22%	4.04%	3.14%	2.00%	2.64%	3.48%	2.52%

Frequently Asked Questions

Can I hold both SPXB and IQQQ in my portfolio?

SPXB and IQQQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXB or IQQQ?

On fees, SPXB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXB or IQQQ?

SPXB is cheaper with a 0.15% expense ratio, compared with 0.55% for IQQQ.

Which ETF pays a higher dividend yield, SPXB or IQQQ?

IQQQ has the higher dividend yield at 5.25%, compared with 0.00% for SPXB.

What is the main difference between SPXB and IQQQ?

SPXB is categorized as Corporate Bonds, while IQQQ is Nasdaq-100. SPXB tracks S&P 500 MarketAxess Investment Grade Corporate Bond Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.15% for SPXB and 0.55% for IQQQ.