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

Performance

SQQQ vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraPro QQQ (TQQQ). 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%40.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
23.50%
SQQQ
TQQQ

Returns By Period

In the year-to-date period, SQQQ achieves a -48.41% return, which is significantly lower than TQQQ's 55.41% return. Over the past 10 years, SQQQ has underperformed TQQQ with an annualized return of -52.04%, while TQQQ has yielded a comparatively higher 34.39% annualized return.


SQQQ

YTD

-48.41%

1M

-5.54%

6M

-30.82%

1Y

-55.19%

5Y (annualized)

-59.36%

10Y (annualized)

-52.04%

TQQQ

YTD

55.41%

1M

3.57%

6M

23.50%

1Y

78.24%

5Y (annualized)

34.24%

10Y (annualized)

34.39%

Key characteristics


SQQQTQQQ
Sharpe Ratio-1.071.55
Sortino Ratio-1.822.01
Omega Ratio0.801.27
Calmar Ratio-0.561.57
Martin Ratio-1.426.44
Ulcer Index39.13%12.48%
Daily Std Dev52.11%51.79%
Max Drawdown-100.00%-81.66%
Current Drawdown-100.00%-9.06%

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SQQQ vs. TQQQ - Expense Ratio Comparison

Both SQQQ and TQQQ have an expense ratio of 0.95%.


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 TQQQ: 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%

Correlation

-0.50.00.51.0-1.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for SQQQ, currently valued at -1.07, compared to the broader market0.002.004.00-1.071.55
The chart of Sortino ratio for SQQQ, currently valued at -1.82, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.822.01
The chart of Omega ratio for SQQQ, currently valued at 0.80, compared to the broader market0.501.001.502.002.503.000.801.27
The chart of Calmar ratio for SQQQ, currently valued at -0.56, compared to the broader market0.005.0010.0015.00-0.561.57
The chart of Martin ratio for SQQQ, currently valued at -1.42, compared to the broader market0.0020.0040.0060.0080.00100.00-1.426.44
SQQQ
TQQQ

The current SQQQ Sharpe Ratio is -1.07, which is lower than the TQQQ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of SQQQ and TQQQ, 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
1.55
SQQQ
TQQQ

Dividends

SQQQ vs. TQQQ - Dividend Comparison

SQQQ's dividend yield for the trailing twelve months is around 11.33%, more than TQQQ's 1.22% yield.


TTM2023202220212020201920182017201620152014
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%
TQQQ
ProShares UltraPro QQQ
1.22%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-9.06%
SQQQ
TQQQ

Volatility

SQQQ vs. TQQQ - Volatility Comparison

ProShares UltraPro Short QQQ (SQQQ) and ProShares UltraPro QQQ (TQQQ) have volatilities of 16.14% and 16.26%, 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
16.14%
16.26%
SQQQ
TQQQ