SQQQ vs. LINT

Last updated Aug 4, 2026

SQQQ (ProShares UltraPro Short QQQ) and LINT (Direxion Daily INTC Bull 2X Shares) are both Leveraged Equities funds. SQQQ is passively managed, while LINT is actively managed. Their -0.63 correlation means they have often moved in opposite directions in the past. SQQQ charges 0.95%/yr vs 0.97%/yr for LINT.

Performance

SQQQ vs. LINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short QQQ (SQQQ) and Direxion Daily INTC Bull 2X Shares (LINT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SQQQ achieves a -38.05% return, which is significantly lower than LINT's 266.23% return.

SQQQ

• 1D: -5.26%
• 1M: 3.70%
• 6M: -34.63%
• YTD: -38.05%
• 1Y: -54.82%
• 3Y*: -52.10%
• 5Y*: -44.80%
• 10Y*: -54.51%
• ALL TIME*: -52.82%

LINT

• 1D: 1.75%
• 1M: -46.62%
• 6M: 135.02%
• YTD: 266.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LINT Direxion Daily INTC Bull 2X Shares	$19.84M	$20.02M	$35.16M
SQQQ ProShares UltraPro Short QQQ	$2.77B	$2.43B	$2.72B

SQQQ vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
SQQQ ProShares UltraPro Short QQQ	-38.05%	-8.88%
LINT Direxion Daily INTC Bull 2X Shares	266.23%	5.81%

Correlation

The correlation between SQQQ and LINT is -0.63, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	-0.63

SQQQ vs. LINT - Sectors Allocation Comparison

Sectors	SQQQ	LINT
Financial Services	89.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

SQQQ vs. LINT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SQQQ

SQQQ Risk / Return Rank: 1
SQQQ Sharpe Ratio Rank: 2
SQQQ Sortino Ratio Rank: 2
SQQQ Omega Ratio Rank: 2
SQQQ Calmar Ratio Rank: 1
SQQQ Martin Ratio Rank: 0

LINT

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SQQQ vs. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and Direxion Daily INTC Bull 2X Shares (LINT). 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.

	SQQQ	LINT	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	—	—
Sortino ratio: Return per unit of downside risk	-1.51	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.65	—	—

Drawdowns

SQQQ vs. LINT - Drawdown Comparison

The maximum SQQQ drawdown since its inception was -100.00%, which is greater than LINT's maximum drawdown of -69.02%. Use the drawdown chart below to compare losses from any high point for SQQQ and LINT.

Drawdown Indicators

	SQQQ	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-69.02%	-30.98%
Max Drawdown (1Y) Largest decline over 1 year	-59.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-92.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-97.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.97%	—	—
Current Drawdown Current decline from peak	-100.00%	-62.23%	-37.77%
Average Drawdown Average peak-to-trough decline	-92.78%	-24.07%	-68.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.25%	—	—

Volatility

Volatility by Period

	SQQQ	LINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.95%	169.02%	-111.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.24%	169.02%	-100.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.78%	169.02%	-102.24%

SQQQ vs. LINT - Expense Ratio Comparison

SQQQ has a 0.95% expense ratio, which is lower than LINT's 0.97% expense ratio.

Dividends

SQQQ vs. LINT - Dividend Comparison

SQQQ's dividend yield for the trailing twelve months is around 9.64%, more than LINT's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LINT Direxion Daily INTC Bull 2X Shares	0.74%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SQQQ ProShares UltraPro Short QQQ	9.64%	9.36%	10.23%	8.01%	0.28%	0.00%	2.15%	2.92%	1.47%	0.14%

Frequently Asked Questions

Can I hold both SQQQ and LINT in my portfolio?

SQQQ and LINT have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SQQQ or LINT?

On fees, SQQQ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SQQQ or LINT?

SQQQ is cheaper with a 0.95% expense ratio, compared with 0.97% for LINT.

Which ETF pays a higher dividend yield, SQQQ or LINT?

SQQQ has the higher dividend yield at 9.64%, compared with 0.74% for LINT.

What is the main difference between SQQQ and LINT?

They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SQQQ and 0.97% for LINT.