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

Performance

SQQQ vs. QQQ - Performance Comparison

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

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
11.65%
SQQQ
QQQ

Returns By Period

In the year-to-date period, SQQQ achieves a -48.41% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, SQQQ has underperformed QQQ with an annualized return of -52.04%, while QQQ has yielded a comparatively higher 18.03% annualized return.


SQQQ

YTD

-48.41%

1M

-5.54%

6M

-30.82%

1Y

-55.19%

5Y (annualized)

-59.36%

10Y (annualized)

-52.04%

QQQ

YTD

23.84%

1M

1.82%

6M

11.65%

1Y

30.35%

5Y (annualized)

20.97%

10Y (annualized)

18.03%

Key characteristics


SQQQQQQ
Sharpe Ratio-1.071.78
Sortino Ratio-1.822.37
Omega Ratio0.801.32
Calmar Ratio-0.562.28
Martin Ratio-1.428.27
Ulcer Index39.13%3.73%
Daily Std Dev52.11%17.37%
Max Drawdown-100.00%-82.98%
Current Drawdown-100.00%-1.78%

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SQQQ vs. QQQ - Expense Ratio Comparison

SQQQ has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.


SQQQ
ProShares UltraPro Short QQQ
Expense ratio chart for SQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.0-1.0

The correlation between SQQQ and QQQ is -0.97. 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

SQQQ vs. QQQ - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for SQQQ, currently valued at -1.07, compared to the broader market0.002.004.00-1.071.78
The chart of Sortino ratio for SQQQ, currently valued at -1.82, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.822.37
The chart of Omega ratio for SQQQ, currently valued at 0.80, compared to the broader market0.501.001.502.002.503.000.801.32
The chart of Calmar ratio for SQQQ, currently valued at -0.56, compared to the broader market0.005.0010.0015.00-0.562.28
The chart of Martin ratio for SQQQ, currently valued at -1.42, compared to the broader market0.0020.0040.0060.0080.00100.00-1.428.27
SQQQ
QQQ

The current SQQQ Sharpe Ratio is -1.07, which is lower than the QQQ Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SQQQ and QQQ, 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-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-1.07
1.78
SQQQ
QQQ

Dividends

SQQQ vs. QQQ - Dividend Comparison

SQQQ's dividend yield for the trailing twelve months is around 11.33%, more than QQQ's 0.60% yield.


TTM20232022202120202019201820172016201520142013
SQQQ
ProShares UltraPro Short QQQ
11.33%8.01%0.28%0.00%2.15%2.92%1.47%0.14%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.60%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

SQQQ vs. QQQ - Drawdown Comparison

The maximum SQQQ drawdown since its inception was -100.00%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SQQQ and QQQ. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-1.78%
SQQQ
QQQ

Volatility

SQQQ vs. QQQ - Volatility Comparison

ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 16.14% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that SQQQ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
16.14%
5.41%
SQQQ
QQQ