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SPXU vs. SQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXU and SQQQ is -0.87. 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.


-0.50.00.51.0
Correlation: -0.9

Performance

SPXU vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short S&P500 (SPXU) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

-100.00%-99.99%-99.98%-99.97%-99.96%-99.95%NovemberDecember2025FebruaryMarchApril
-99.96%
-100.00%
SPXU
SQQQ

Key characteristics

Sharpe Ratio

SPXU:

-0.50

SQQQ:

-0.56

Sortino Ratio

SPXU:

-0.41

SQQQ:

-0.46

Omega Ratio

SPXU:

0.94

SQQQ:

0.94

Calmar Ratio

SPXU:

-0.29

SQQQ:

-0.42

Martin Ratio

SPXU:

-0.96

SQQQ:

-1.13

Ulcer Index

SPXU:

29.87%

SQQQ:

36.92%

Daily Std Dev

SPXU:

57.63%

SQQQ:

75.07%

Max Drawdown

SPXU:

-99.99%

SQQQ:

-100.00%

Current Drawdown

SPXU:

-99.98%

SQQQ:

-100.00%

Returns By Period

In the year-to-date period, SPXU achieves a 7.39% return, which is significantly higher than SQQQ's 3.25% return. Over the past 10 years, SPXU has outperformed SQQQ with an annualized return of -37.98%, while SQQQ has yielded a comparatively lower -51.09% annualized return.


SPXU

YTD

7.39%

1M

-7.96%

6M

4.73%

1Y

-27.63%

5Y*

-40.63%

10Y*

-37.98%

SQQQ

YTD

3.25%

1M

-17.26%

6M

-7.09%

1Y

-39.90%

5Y*

-52.16%

10Y*

-51.09%

*Annualized

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SPXU vs. SQQQ - Expense Ratio Comparison

SPXU has a 0.93% expense ratio, which is lower than SQQQ's 0.95% expense ratio.


Expense ratio chart for SQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SQQQ: 0.95%
Expense ratio chart for SPXU: current value is 0.93%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXU: 0.93%

Risk-Adjusted Performance

SPXU vs. SQQQ — Risk-Adjusted Performance Rank

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

SPXU
The Risk-Adjusted Performance Rank of SPXU is 66
Overall Rank
The Sharpe Ratio Rank of SPXU is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXU is 77
Sortino Ratio Rank
The Omega Ratio Rank of SPXU is 66
Omega Ratio Rank
The Calmar Ratio Rank of SPXU is 77
Calmar Ratio Rank
The Martin Ratio Rank of SPXU is 66
Martin Ratio Rank

SQQQ
The Risk-Adjusted Performance Rank of SQQQ is 55
Overall Rank
The Sharpe Ratio Rank of SQQQ is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of SQQQ is 66
Sortino Ratio Rank
The Omega Ratio Rank of SQQQ is 66
Omega Ratio Rank
The Calmar Ratio Rank of SQQQ is 33
Calmar Ratio Rank
The Martin Ratio Rank of SQQQ is 55
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXU vs. SQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and ProShares UltraPro Short QQQ (SQQQ). 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.


The chart of Sharpe ratio for SPXU, currently valued at -0.50, compared to the broader market-1.000.001.002.003.004.00
SPXU: -0.50
SQQQ: -0.56
The chart of Sortino ratio for SPXU, currently valued at -0.41, compared to the broader market-2.000.002.004.006.008.00
SPXU: -0.41
SQQQ: -0.46
The chart of Omega ratio for SPXU, currently valued at 0.94, compared to the broader market0.501.001.502.002.50
SPXU: 0.94
SQQQ: 0.94
The chart of Calmar ratio for SPXU, currently valued at -0.29, compared to the broader market0.002.004.006.008.0010.0012.00
SPXU: -0.29
SQQQ: -0.42
The chart of Martin ratio for SPXU, currently valued at -0.96, compared to the broader market0.0020.0040.0060.00
SPXU: -0.96
SQQQ: -1.13

The current SPXU Sharpe Ratio is -0.50, which is comparable to the SQQQ Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of SPXU and SQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.00NovemberDecember2025FebruaryMarchApril
-0.50
-0.56
SPXU
SQQQ

Dividends

SPXU vs. SQQQ - Dividend Comparison

SPXU's dividend yield for the trailing twelve months is around 7.40%, less than SQQQ's 8.99% yield.


TTM20242023202220212020201920182017
SPXU
ProShares UltraPro Short S&P500
7.40%9.53%7.07%0.39%0.00%0.71%2.14%1.41%0.11%
SQQQ
ProShares UltraPro Short QQQ
8.99%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%

Drawdowns

SPXU vs. SQQQ - Drawdown Comparison

The maximum SPXU drawdown since its inception was -99.99%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SPXU and SQQQ. For additional features, visit the drawdowns tool.


-100.00%-99.99%-99.98%-99.97%-99.96%-99.95%NovemberDecember2025FebruaryMarchApril
-99.96%
-100.00%
SPXU
SQQQ

Volatility

SPXU vs. SQQQ - Volatility Comparison

The current volatility for ProShares UltraPro Short S&P500 (SPXU) is 45.19%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 55.90%. This indicates that SPXU experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
45.19%
55.90%
SPXU
SQQQ