SQQQ vs. UVIX
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
SQQQ and UVIX 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. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. Both SQQQ and UVIX 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 UVIX.
Correlation
The correlation between SQQQ and UVIX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SQQQ vs. UVIX - Performance Comparison
Key characteristics
SQQQ:
-0.53
UVIX:
-0.30
SQQQ:
-0.40
UVIX:
0.75
SQQQ:
0.95
UVIX:
1.09
SQQQ:
-0.40
UVIX:
-0.58
SQQQ:
-1.05
UVIX:
-0.84
SQQQ:
37.78%
UVIX:
68.78%
SQQQ:
74.67%
UVIX:
190.41%
SQQQ:
-100.00%
UVIX:
-99.80%
SQQQ:
-100.00%
UVIX:
-99.61%
Returns By Period
In the year-to-date period, SQQQ achieves a 16.51% return, which is significantly lower than UVIX's 48.18% return.
SQQQ
16.51%
6.31%
0.60%
-34.92%
-51.74%
-50.28%
UVIX
48.18%
72.53%
-6.01%
-46.06%
N/A
N/A
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SQQQ vs. UVIX - Expense Ratio Comparison
SQQQ has a 0.95% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Risk-Adjusted Performance
SQQQ vs. UVIX — Risk-Adjusted Performance Rank
SQQQ
UVIX
SQQQ vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and Volatility Shares 2x Long VIX Futures ETF (UVIX). 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. UVIX - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 7.97%, while UVIX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 7.97% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SQQQ vs. UVIX - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, roughly equal to the maximum UVIX drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for SQQQ and UVIX. For additional features, visit the drawdowns tool.
Volatility
SQQQ vs. UVIX - Volatility Comparison
The current volatility for ProShares UltraPro Short QQQ (SQQQ) is 55.42%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 97.16%. This indicates that SQQQ experiences smaller price fluctuations and is considered to be less risky than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.