SPY2.DE vs. TQQQ

Last updated Jun 5, 2026

SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - SPY2.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, SPY2.DE returned 2.27%/yr vs 29.58%/yr for TQQQ. At a 0.22 correlation, their price movements are largely independent. SPY2.DE charges 0.40%/yr vs 0.95%/yr for TQQQ.

Performance

SPY2.DE vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPY2.DE is traded in EUR, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPY2.DE achieves a 8.38% return, which is significantly lower than TQQQ's 66.43% return.

SPY2.DE

• 1D: 0.10%
• 1M: -0.62%
• YTD: 8.38%
• 6M: 7.13%
• 1Y: 10.21%
• 3Y*: 5.92%
• 5Y*: 2.27%
• 10Y*: —

TQQQ

• 1D: 0.00%
• 1M: 29.38%
• YTD: 66.43%
• 6M: 56.95%
• 1Y: 132.17%
• 3Y*: 64.89%
• 5Y*: 29.58%
• 10Y*: 44.87%

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

SPY2.DE vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating	8.38%	-2.42%	5.09%	7.66%	-20.98%	41.62%	-18.78%	-1.52%
TQQQ ProShares UltraPro QQQ	63.76%	18.41%	68.72%	189.11%	-77.79%	96.67%	92.74%	30.43%

Correlation

The correlation between SPY2.DE and TQQQ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019	0.22

Return for Risk

SPY2.DE vs. TQQQ — Risk / Return Rank

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

SPY2.DE

SPY2.DE Risk / Return Rank: 27
SPY2.DE Sharpe Ratio Rank: 25
SPY2.DE Sortino Ratio Rank: 24
SPY2.DE Omega Ratio Rank: 24
SPY2.DE Calmar Ratio Rank: 31
SPY2.DE Martin Ratio Rank: 30

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 67
TQQQ Omega Ratio Rank: 66
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.

SPY2.DE vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) 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.

	SPY2.DE	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.83	-1.95
Sortino ratio: Return per unit of downside risk	1.26	3.00	-1.73
Omega ratio: Gain probability vs. loss probability	1.16	1.40	-0.24
Calmar ratio: Return relative to maximum drawdown	1.48	3.67	-2.19
Martin ratio: Return relative to average drawdown	4.38	11.47	-7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY2.DE vs. TQQQ - Sharpe Ratio Comparison

The current SPY2.DE Sharpe Ratio is 0.89, which is lower than the TQQQ Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of SPY2.DE 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

	SPY2.DE	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	2.83	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.46	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.77	-0.72

Drawdowns

SPY2.DE vs. TQQQ - Drawdown Comparison

The maximum SPY2.DE drawdown since its inception was -42.59%, smaller than the maximum TQQQ drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and TQQQ.

Drawdown Indicators

	SPY2.DE	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.59%	-80.51%	+37.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-36.19%	+29.33%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-59.74%	+39.60%
Max Drawdown (5Y) Largest decline over 5 years	-30.72%	-80.51%	+49.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.51%	—
Current Drawdown Current decline from peak	-7.69%	-0.54%	-7.15%
Average Drawdown Average peak-to-trough decline	-15.50%	-18.33%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	11.57%	-9.24%

Volatility

SPY2.DE vs. TQQQ - Volatility Comparison

The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) is 2.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 12.29%. This indicates that SPY2.DE 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

	SPY2.DE	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	12.29%	-9.47%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	34.90%	-26.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	46.93%	-35.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	65.24%	-50.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	65.41%	-45.50%

SPY2.DE vs. TQQQ - Expense Ratio Comparison

SPY2.DE has a 0.40% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

SPY2.DE vs. TQQQ - Dividend Comparison

SPY2.DE has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.37%	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 SPY2.DE and TQQQ in my portfolio?

SPY2.DE and TQQQ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPY2.DE or TQQQ?

On fees, SPY2.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPY2.DE or TQQQ?

SPY2.DE is cheaper with a 0.40% expense ratio, compared with 0.95% for TQQQ.

What is the main difference between SPY2.DE and TQQQ?

SPY2.DE is categorized as REIT, while TQQQ is Leveraged Equities. SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: State Street and ProShares. Their fees differ too: 0.40% for SPY2.DE and 0.95% for TQQQ.