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

Performance

SQQQ vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short QQQ (SQQQ) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-100.00%
SQQQ
UVXY

Returns By Period

The year-to-date returns for both investments are quite close, with SQQQ having a -47.95% return and UVXY slightly higher at -47.94%. Over the past 10 years, SQQQ has outperformed UVXY with an annualized return of -52.13%, while UVXY has yielded a comparatively lower -65.88% annualized return.


SQQQ

YTD

-47.95%

1M

-5.50%

6M

-28.98%

1Y

-54.47%

5Y (annualized)

-59.34%

10Y (annualized)

-52.13%

UVXY

YTD

-47.94%

1M

-15.40%

6M

-11.02%

1Y

-60.05%

5Y (annualized)

-69.61%

10Y (annualized)

-65.88%

Key characteristics


SQQQUVXY
Sharpe Ratio-1.07-0.55
Sortino Ratio-1.83-0.60
Omega Ratio0.800.93
Calmar Ratio-0.56-0.61
Martin Ratio-1.45-1.30
Ulcer Index38.80%46.61%
Daily Std Dev52.26%110.84%
Max Drawdown-100.00%-100.00%
Current Drawdown-100.00%-100.00%

Compare stocks, funds, or ETFs

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SQQQ vs. UVXY - Expense Ratio Comparison

Both SQQQ and UVXY 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 UVXY: 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

-0.50.00.51.00.5

The correlation between SQQQ and UVXY is 0.53, 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.

Risk-Adjusted Performance

SQQQ vs. UVXY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 market0.002.004.006.00-1.07-0.55
The chart of Sortino ratio for SQQQ, currently valued at -1.83, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.83-0.60
The chart of Omega ratio for SQQQ, currently valued at 0.80, compared to the broader market0.501.001.502.002.503.000.800.93
The chart of Calmar ratio for SQQQ, currently valued at -0.56, compared to the broader market0.005.0010.0015.00-0.56-0.61
The chart of Martin ratio for SQQQ, currently valued at -1.45, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.45-1.30
SQQQ
UVXY

The current SQQQ Sharpe Ratio is -1.07, which is lower than the UVXY Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of SQQQ and UVXY, 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-1.40-1.20-1.00-0.80-0.60-0.40JuneJulyAugustSeptemberOctoberNovember
-1.07
-0.55
SQQQ
UVXY

Dividends

SQQQ vs. UVXY - Dividend Comparison

SQQQ's dividend yield for the trailing twelve months is around 11.23%, while UVXY has not paid dividends to shareholders.


TTM2023202220212020201920182017
SQQQ
ProShares UltraPro Short QQQ
11.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%
UVXY
ProShares Ultra VIX Short-Term Futures ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SQQQ vs. UVXY - Drawdown Comparison

The maximum SQQQ drawdown since its inception was -100.00%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SQQQ and UVXY. For additional features, visit the drawdowns tool.


-100.00%-100.00%-100.00%-99.99%-99.99%-99.99%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-100.00%
SQQQ
UVXY

Volatility

SQQQ vs. UVXY - Volatility Comparison

The current volatility for ProShares UltraPro Short QQQ (SQQQ) is 16.94%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 29.92%. This indicates that SQQQ experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
16.94%
29.92%
SQQQ
UVXY