SQQQ vs. QQQ
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and Invesco QQQ ETF (QQQ).
SQQQ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SQQQ and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SQQQ vs. QQQ - Performance Comparison
Loading graphics...
SQQQ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 18.46% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, SQQQ achieves a 18.46% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, SQQQ has underperformed QQQ with an annualized return of -52.52%, while QQQ has yielded a comparatively higher 18.85% annualized return.
SQQQ
- 1D
- -9.99%
- 1M
- 14.53%
- YTD
- 18.46%
- 6M
- 9.00%
- 1Y
- -55.48%
- 3Y*
- -48.73%
- 5Y*
- -42.26%
- 10Y*
- -52.52%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SQQQ vs. QQQ - Expense Ratio Comparison
SQQQ has a 0.95% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
SQQQ vs. QQQ — Risk / Return Rank
SQQQ
QQQ
SQQQ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and Invesco QQQ ETF (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.
| SQQQ | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.83 | 1.05 | -1.88 |
Sortino ratioReturn per unit of downside risk | -1.11 | 1.63 | -2.74 |
Omega ratioGain probability vs. loss probability | 0.85 | 1.23 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.88 | -2.61 |
Martin ratioReturn relative to average drawdown | -0.85 | 6.95 | -7.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SQQQ | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | 1.05 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | 0.58 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.80 | 0.85 | -1.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | 0.37 | -1.22 |
Correlation
The correlation between SQQQ and QQQ is -1.00. 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.
Dividends
SQQQ vs. QQQ - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 5.77%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 5.77% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
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 -82.97%. Use the drawdown chart below to compare losses from any high point for SQQQ and QQQ.
Loading graphics...
Drawdown Indicators
| SQQQ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -82.97% | -17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -75.23% | -12.62% | -62.61% |
Max Drawdown (5Y)Largest decline over 5 years | -95.36% | -35.12% | -60.24% |
Max Drawdown (10Y)Largest decline over 10 years | -99.96% | -35.12% | -64.84% |
Current DrawdownCurrent decline from peak | -100.00% | -8.98% | -91.02% |
Average DrawdownAverage peak-to-trough decline | -92.32% | -32.99% | -59.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.25% | 3.41% | +61.84% |
Volatility
SQQQ vs. QQQ - Volatility Comparison
ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 19.67% compared to Invesco QQQ ETF (QQQ) at 6.51%. 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.
Loading graphics...
Volatility by Period
| SQQQ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 6.51% | +13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 12.77% | +25.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.28% | 22.67% | +44.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.67% | 22.39% | +44.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.97% | 22.25% | +43.72% |