SQQQ vs. VNO
SQQQ (ProShares UltraPro Short QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (-300%), while VNO (Vornado Realty Trust) is a stock. Over the past 10 years, SQQQ returned -54.75%/yr vs -3.48%/yr for VNO. At a correlation of -0.40, they often move in opposite directions.
Performance
SQQQ vs. VNO - Performance Comparison
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Returns By Period
In the year-to-date period, SQQQ achieves a -36.18% return, which is significantly lower than VNO's 19.41% return. Over the past 10 years, SQQQ has underperformed VNO with an annualized return of -54.75%, while VNO has yielded a comparatively higher -3.48% annualized return.
SQQQ
- 1D
- -0.26%
- 1M
- 17.99%
- 6M
- -34.34%
- YTD
- -36.18%
- 1Y
- -51.42%
- 3Y*
- -51.15%
- 5Y*
- -45.04%
- 10Y*
- -54.75%
- ALL TIME*
- -52.82%
VNO
- 1D
- -1.49%
- 1M
- 5.10%
- 6M
- 18.10%
- YTD
- 19.41%
- 1Y
- 5.89%
- 3Y*
- 27.13%
- 5Y*
- 0.50%
- 10Y*
- -3.48%
- ALL TIME*
- 9.75%
SQQQ vs. VNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | -36.18% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
VNO Vornado Realty Trust | 19.41% | -19.09% | 51.32% | 39.50% | -46.66% | 17.78% | -40.43% | 14.93% | -17.75% | -4.53% |
Correlation
The correlation between SQQQ and VNO is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.40 |
The correlation between SQQQ and VNO shifts across timeframes, from -0.40 (all time) to -0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SQQQ vs. VNO — Risk / Return Rank
SQQQ
VNO
SQQQ vs. VNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and Vornado Realty Trust (VNO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SQQQ | VNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.06 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.14 | -0.99 |
| Martin ratioReturn relative to average drawdown | -1.53 | 0.28 | -1.81 |
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Drawdowns
SQQQ vs. VNO - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, which is greater than VNO's maximum drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for SQQQ and VNO.
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Drawdown Indicators
| SQQQ | VNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -80.89% | -19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -61.03% | -41.22% | -19.81% |
Max Drawdown (3Y)Largest decline over 3 years | -92.51% | -43.88% | -48.63% |
Max Drawdown (5Y)Largest decline over 5 years | -97.27% | -71.63% | -25.64% |
Max Drawdown (10Y)Largest decline over 10 years | -99.97% | -80.89% | -19.08% |
Current DrawdownCurrent decline from peak | -100.00% | -35.57% | -64.43% |
Average DrawdownAverage peak-to-trough decline | -92.76% | -20.64% | -72.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.69% | 21.21% | +12.48% |
Volatility
SQQQ vs. VNO - Volatility Comparison
ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 21.99% compared to Vornado Realty Trust (VNO) at 8.20%. This indicates that SQQQ's price experiences larger fluctuations and is considered to be riskier than VNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SQQQ | VNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.99% | 8.20% | +13.79% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 24.65% | +21.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.15% | 33.18% | +22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.92% | 41.65% | +26.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.60% | 39.24% | +27.36% |
Dividends
SQQQ vs. VNO - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 9.36%, more than VNO's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 9.36% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
VNO Vornado Realty Trust | 1.86% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Frequently Asked Questions
SQQQ and VNO have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (21.99%) compared to VNO (8.20%). In terms of maximum drawdown, SQQQ dropped -100.00% vs VNO's -80.89%.
VNO currently has the higher Sharpe Ratio (0.18 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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