SPXU vs. QQQE
Compare and contrast key facts about ProShares UltraPro Short S&P500 (SPXU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
SPXU and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both SPXU and QQQE 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: SPXU or QQQE.
Performance
SPXU vs. QQQE - Performance Comparison
Returns By Period
In the year-to-date period, SPXU achieves a -45.44% return, which is significantly lower than QQQE's 10.85% return. Over the past 10 years, SPXU has underperformed QQQE with an annualized return of -39.38%, while QQQE has yielded a comparatively higher 12.67% annualized return.
SPXU
-45.44%
-4.65%
-28.85%
-52.04%
-46.44%
-39.38%
QQQE
10.85%
2.45%
6.50%
20.28%
13.89%
12.67%
Key characteristics
| SPXU | QQQE | |
|---|---|---|
| Sharpe Ratio | -1.45 | 1.41 |
| Sortino Ratio | -2.52 | 1.96 |
| Omega Ratio | 0.73 | 1.25 |
| Calmar Ratio | -0.53 | 1.96 |
| Martin Ratio | -1.50 | 6.84 |
| Ulcer Index | 35.01% | 3.01% |
| Daily Std Dev | 36.27% | 14.60% |
| Max Drawdown | -99.98% | -32.14% |
| Current Drawdown | -99.98% | -0.98% |
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SPXU vs. QQQE - Expense Ratio Comparison
SPXU has a 0.93% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Correlation
The correlation between SPXU and QQQE is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SPXU vs. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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
SPXU vs. QQQE - Dividend Comparison
SPXU's dividend yield for the trailing twelve months is around 11.62%, more than QQQE's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXU ProShares UltraPro Short S&P500 | 11.62% | 7.07% | 0.39% | 0.00% | 0.71% | 2.14% | 1.41% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.83% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
SPXU vs. QQQE - Drawdown Comparison
The maximum SPXU drawdown since its inception was -99.98%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for SPXU and QQQE. For additional features, visit the drawdowns tool.
Volatility
SPXU vs. QQQE - Volatility Comparison
ProShares UltraPro Short S&P500 (SPXU) has a higher volatility of 12.10% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.84%. This indicates that SPXU's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.