SQQQ vs. TQQQ
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraPro QQQ (TQQQ).
SQQQ and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both SQQQ and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SQQQ or TQQQ.
Key characteristics
| SQQQ | TQQQ | |
|---|---|---|
| YTD Return | -50.78% | 63.76% |
| 1Y Return | -61.24% | 106.42% |
| 3Y Return (Ann) | -39.55% | 0.86% |
| 5Y Return (Ann) | -59.81% | 35.83% |
| 10Y Return (Ann) | -52.50% | 35.69% |
| Sharpe Ratio | -1.17 | 2.03 |
| Sortino Ratio | -2.12 | 2.40 |
| Omega Ratio | 0.77 | 1.33 |
| Calmar Ratio | -0.61 | 1.95 |
| Martin Ratio | -1.49 | 8.43 |
| Ulcer Index | 40.86% | 12.40% |
| Daily Std Dev | 51.94% | 51.63% |
| Max Drawdown | -100.00% | -81.66% |
| Current Drawdown | -100.00% | -4.17% |
Correlation
The correlation between SQQQ and TQQQ 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.
Performance
SQQQ vs. TQQQ - Performance Comparison
In the year-to-date period, SQQQ achieves a -50.78% return, which is significantly lower than TQQQ's 63.76% return. Over the past 10 years, SQQQ has underperformed TQQQ with an annualized return of -52.50%, while TQQQ has yielded a comparatively higher 35.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SQQQ vs. TQQQ - Expense Ratio Comparison
Both SQQQ and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
SQQQ vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) 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.
Dividends
SQQQ vs. TQQQ - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 10.00%, more than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 10.00% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
SQQQ vs. TQQQ - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SQQQ and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SQQQ vs. TQQQ - Volatility Comparison
ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraPro QQQ (TQQQ) have volatilities of 15.44% and 15.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.