SQQQ vs. YQQQ
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ).
SQQQ and YQQQ 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. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.
Performance
SQQQ vs. YQQQ - Performance Comparison
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SQQQ vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -21.00% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 10.57% | -9.97% | -4.06% |
Returns By Period
In the year-to-date period, SQQQ achieves a 13.99% return, which is significantly higher than YQQQ's 10.57% return.
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
YQQQ
- 1D
- -1.10%
- 1M
- 5.50%
- YTD
- 10.57%
- 6M
- 12.35%
- 1Y
- -7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SQQQ vs. YQQQ - Expense Ratio Comparison
SQQQ has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Return for Risk
SQQQ vs. YQQQ — Risk / Return Rank
SQQQ
YQQQ
SQQQ vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 | YQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.84 | -0.42 | -0.42 |
Sortino ratioReturn per unit of downside risk | -1.14 | -0.44 | -0.70 |
Omega ratioGain probability vs. loss probability | 0.84 | 0.93 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.31 | -0.45 |
Martin ratioReturn relative to average drawdown | -0.87 | -0.41 | -0.47 |
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 | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.42 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.85 | -0.17 | -0.67 |
Correlation
The correlation between SQQQ and YQQQ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SQQQ vs. YQQQ - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 5.99%, less than YQQQ's 27.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 27.65% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SQQQ vs. YQQQ - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, which is greater than YQQQ's maximum drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for SQQQ and YQQQ.
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Drawdown Indicators
| SQQQ | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -24.85% | -75.15% |
Max Drawdown (1Y)Largest decline over 1 year | -75.23% | -24.85% | -50.38% |
Max Drawdown (5Y)Largest decline over 5 years | -95.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.96% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -12.77% | -87.23% |
Average DrawdownAverage peak-to-trough decline | -92.32% | -13.36% | -78.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.40% | 18.68% | +46.72% |
Volatility
SQQQ vs. YQQQ - Volatility Comparison
ProShares UltraPro Short QQQ (SQQQ) has a higher volatility of 19.98% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 5.37%. This indicates that SQQQ's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SQQQ | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.98% | 5.37% | +14.61% |
Volatility (6M)Calculated over the trailing 6-month period | 38.23% | 9.43% | +28.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.38% | 17.32% | +50.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.65% | 16.38% | +50.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.97% | 16.38% | +49.59% |