SQQQ vs. SRTY
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraPro Short Russell2000 (SRTY).
SQQQ and SRTY 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. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. Both SQQQ and SRTY 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. SRTY - Performance Comparison
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SQQQ vs. SRTY - 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% |
SRTY ProShares UltraPro Short Russell2000 | -5.72% | -40.55% | -32.91% | -42.02% | 28.99% | -51.67% | -80.61% | -53.83% | 23.37% | -38.31% |
Returns By Period
In the year-to-date period, SQQQ achieves a 18.46% return, which is significantly higher than SRTY's -5.72% return. Over the past 10 years, SQQQ has underperformed SRTY with an annualized return of -52.52%, while SRTY has yielded a comparatively higher -41.91% 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%
SRTY
- 1D
- -10.37%
- 1M
- 13.97%
- YTD
- -5.72%
- 6M
- -13.38%
- 1Y
- -57.84%
- 3Y*
- -37.50%
- 5Y*
- -25.46%
- 10Y*
- -41.91%
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SQQQ vs. SRTY - Expense Ratio Comparison
Both SQQQ and SRTY have an expense ratio of 0.95%.
Return for Risk
SQQQ vs. SRTY — Risk / Return Rank
SQQQ
SRTY
SQQQ vs. SRTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraPro Short Russell2000 (SRTY). 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 | SRTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.83 | -0.84 | +0.01 |
Sortino ratioReturn per unit of downside risk | -1.11 | -1.21 | +0.10 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.86 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.75 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.85 | -0.94 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SQQQ | SRTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | -0.84 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | -0.38 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.80 | -0.62 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | -0.67 | -0.17 |
Correlation
The correlation between SQQQ and SRTY is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SQQQ vs. SRTY - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 5.77%, which matches SRTY's 5.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SRTY ProShares UltraPro Short Russell2000 | 5.80% | 6.87% | 9.40% | 4.93% | 0.17% | 0.00% | 0.95% | 2.13% | 0.70% | 0.04% |
Drawdowns
SQQQ vs. SRTY - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, roughly equal to the maximum SRTY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SQQQ and SRTY.
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Drawdown Indicators
| SQQQ | SRTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.99% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -75.23% | -76.28% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -95.36% | -88.24% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -99.96% | -99.67% | -0.29% |
Current DrawdownCurrent decline from peak | -100.00% | -99.99% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -92.32% | -93.71% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.25% | 61.09% | +4.16% |
Volatility
SQQQ vs. SRTY - Volatility Comparison
The current volatility for ProShares UltraPro Short QQQ (SQQQ) is 19.67%, while ProShares UltraPro Short Russell2000 (SRTY) has a volatility of 22.45%. This indicates that SQQQ experiences smaller price fluctuations and is considered to be less risky than SRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SQQQ | SRTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 22.45% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 43.37% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.28% | 69.30% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.67% | 67.50% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.97% | 68.22% | -2.25% |