SQQQ vs. TTT
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and UltraPro Short 20+ Year Treasury (TTT).
SQQQ and TTT 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. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. Both SQQQ and TTT 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. TTT - Performance Comparison
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SQQQ vs. TTT - 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% |
TTT UltraPro Short 20+ Year Treasury | 1.05% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
Returns By Period
In the year-to-date period, SQQQ achieves a 18.46% return, which is significantly higher than TTT's 1.05% return. Over the past 10 years, SQQQ has underperformed TTT with an annualized return of -52.52%, while TTT has yielded a comparatively higher -2.26% 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%
TTT
- 1D
- 0.49%
- 1M
- 14.15%
- YTD
- 1.05%
- 6M
- 6.63%
- 1Y
- 7.37%
- 3Y*
- 12.83%
- 5Y*
- 15.07%
- 10Y*
- -2.26%
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SQQQ vs. TTT - Expense Ratio Comparison
Both SQQQ and TTT have an expense ratio of 0.95%.
Return for Risk
SQQQ vs. TTT — Risk / Return Rank
SQQQ
TTT
SQQQ vs. TTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and UltraPro Short 20+ Year Treasury (TTT). 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 | TTT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.83 | 0.22 | -1.04 |
Sortino ratioReturn per unit of downside risk | -1.11 | 0.57 | -1.69 |
Omega ratioGain probability vs. loss probability | 0.85 | 1.06 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.20 | -0.93 |
Martin ratioReturn relative to average drawdown | -0.85 | 0.34 | -1.19 |
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 | TTT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | 0.22 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | 0.32 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.80 | -0.05 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | -0.24 | -0.61 |
Correlation
The correlation between SQQQ and TTT is -0.14. 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. TTT - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 5.77%, less than TTT's 9.57% 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% |
TTT UltraPro Short 20+ Year Treasury | 9.57% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% |
Drawdowns
SQQQ vs. TTT - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, which is greater than TTT's maximum drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for SQQQ and TTT.
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Drawdown Indicators
| SQQQ | TTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -94.00% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -75.23% | -25.97% | -49.26% |
Max Drawdown (5Y)Largest decline over 5 years | -95.36% | -49.69% | -45.67% |
Max Drawdown (10Y)Largest decline over 10 years | -99.96% | -81.76% | -18.20% |
Current DrawdownCurrent decline from peak | -100.00% | -78.81% | -21.19% |
Average DrawdownAverage peak-to-trough decline | -92.32% | -70.26% | -22.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.25% | 15.07% | +50.18% |
Volatility
SQQQ vs. TTT - Volatility Comparison
ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 19.67% compared to UltraPro Short 20+ Year Treasury (TTT) at 10.81%. This indicates that SQQQ's price experiences larger fluctuations and is considered to be riskier than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SQQQ | TTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 10.81% | +8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 19.73% | +18.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.28% | 34.37% | +32.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.67% | 47.26% | +19.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.97% | 43.47% | +22.50% |