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SRTY vs. SQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SRTY vs. SQQQ

Last updated Aug 2, 2026
Documentation

SRTY (ProShares UltraPro Short Russell2000) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - SRTY tracks the Russell 2000 Index (-300%) while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, SRTY returned -43.10%/yr vs -54.48%/yr for SQQQ. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.

Performance

SRTY vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SRTY achieves a -43.37% return, which is significantly lower than SQQQ's -34.61% return. Over the past 10 years, SRTY has outperformed SQQQ with an annualized return of -43.10%, while SQQQ has yielded a comparatively lower -54.48% annualized return.

SRTY

1D
1.42%
1M
6.89%
6M
-33.55%
YTD
-43.37%
1Y
-64.11%
3Y*
-41.11%
5Y*
-32.01%
10Y*
-43.10%
ALL TIME*
-45.57%

SQQQ

1D
-1.99%
1M
9.46%
6M
-32.40%
YTD
-34.61%
1Y
-52.32%
3Y*
-49.83%
5Y*
-44.46%
10Y*
-54.48%
ALL TIME*
-52.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SQQQ

ProShares UltraPro Short QQQ
$2.40B$2.29B$2.66B

SRTY

ProShares UltraPro Short Russell2000
$39.69M$38.76M$67.41M

SRTY vs. SQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SRTY
ProShares UltraPro Short Russell2000		-43.37%-40.55%-32.91%-42.02%28.99%-51.67%-80.61%-53.83%23.37%-38.31%
SQQQ
ProShares UltraPro Short QQQ		-34.61%-53.05%-49.79%-73.61%82.40%-60.87%-86.40%-65.92%-20.83%-58.67%

Correlation

The correlation between SRTY and SQQQ is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.71

Correlation (3Y)
Balances recent behavior with more history.

0.66

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.73

Correlation (10Y)
Provides a long-term view across more market conditions.

0.68

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.74

The correlation between SRTY and SQQQ has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

SRTY vs. SQQQ - Sectors Allocation Comparison

Sectors
SRTY
SQQQ

Financial Services

40.7%
89.7%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

SRTY
40.7%
SQQQ
89.7%

Basic Materials

SRTY

-

SQQQ

-

Communication Services

SRTY

-

SQQQ

-

Consumer Cyclical

SRTY

-

SQQQ

-

Consumer Defensive

SRTY

-

SQQQ

-

Energy

SRTY

-

SQQQ

-

Healthcare

SRTY

-

SQQQ

-

Industrials

SRTY

-

SQQQ

-

Real Estate

SRTY

-

SQQQ

-

Technology

SRTY

-

SQQQ

-

Utilities

SRTY

-

SQQQ

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraPro Short Russell2000

ProShares UltraPro Short QQQ

Often compared with SRTY:
SRTY vs. TZASRTY vs. URTYSRTY vs. YANGSRTY vs. HIBSSRTY vs. SDOWSRTY vs. SPYSRTY vs. UPRO
Often compared with SQQQ:
SQQQ vs. TQQQSQQQ vs. QQQSQQQ vs. PSQSQQQ vs. SOXSSQQQ vs. SPXUSQQQ vs. QIDSQQQ vs. UVXY

Return for Risk

SRTY vs. SQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SRTY
SRTY Risk / Return Rank: 11
Overall Rank
SRTY Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SRTY Sortino Ratio Rank: 11
Sortino Ratio Rank
SRTY Omega Ratio Rank: 11
Omega Ratio Rank
SRTY Calmar Ratio Rank: 11
Calmar Ratio Rank
SRTY Martin Ratio Rank: 22
Martin Ratio Rank
SQQQ
SQQQ Risk / Return Rank: 22
Overall Rank
SQQQ Sharpe Ratio Rank: 22
Sharpe Ratio Rank
SQQQ Sortino Ratio Rank: 22
Sortino Ratio Rank
SQQQ Omega Ratio Rank: 33
Omega Ratio Rank
SQQQ Calmar Ratio Rank: 22
Calmar Ratio Rank
SQQQ Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SRTY vs. SQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) and ProShares UltraPro Short QQQ (SQQQ). 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.

SRTYSQQQDifference
Sharpe ratioReturn per unit of total volatility
-1.07
-0.86

-0.22

Sortino ratioReturn per unit of downside risk
-1.81
-1.25

-0.56

Omega ratioGain probability vs. loss probability

0.80

0.86

-0.06

Calmar ratioReturn relative to maximum drawdown

-0.92

-0.81

-0.11

Martin ratioReturn relative to average drawdown

-1.34

-1.41

+0.08

SRTY vs. SQQQ - Sharpe Ratio Comparison

The current SRTY Sharpe Ratio is -1.07, which is comparable to the SQQQ Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of SRTY and SQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SRTY vs. SQQQ - Drawdown Comparison

The maximum SRTY drawdown since its inception was -100.00%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SRTY and SQQQ.

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Drawdown Indicators

SRTYSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-100.00%

0.00%

Max Drawdown (1Y)

Largest decline over 1 year

-67.43%

-61.03%

-6.40%

Max Drawdown (3Y)

Largest decline over 3 years

-89.67%

-92.51%

+2.84%

Max Drawdown (5Y)

Largest decline over 5 years

-92.04%

-97.27%

+5.23%

Max Drawdown (10Y)

Largest decline over 10 years

-99.70%

-99.97%

+0.27%

Current Drawdown

Current decline from peak

-100.00%

-100.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-94.18%

-92.78%

-1.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

46.32%

35.08%

+11.24%

Volatility

SRTY vs. SQQQ - Volatility Comparison

The current volatility for ProShares UltraPro Short Russell2000 (SRTY) is 11.43%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 20.82%. This indicates that SRTY experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SRTYSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.43%

20.82%

-9.39%

Volatility (6M)

Calculated over the trailing 6-month period

42.52%

48.09%

-5.57%

Volatility (1Y)

Calculated over the trailing 1-year period

57.96%

57.98%

-0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.29%

68.18%

-0.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

68.27%

66.74%

+1.53%

SRTY vs. SQQQ - Expense Ratio Comparison

Both SRTY and SQQQ have an expense ratio of 0.95%.

Dividends

SRTY vs. SQQQ - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 8.11%, less than SQQQ's 9.14% yield.

PositionTTM202520242023202220212020201920182017
SQQQ
ProShares UltraPro Short QQQ		9.14%9.36%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%
SRTY
ProShares UltraPro Short Russell2000		8.11%6.87%9.40%4.93%0.17%0.00%0.95%2.13%0.70%0.04%

Frequently Asked Questions

SRTY and SQQQ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SQQQ has higher volatility (20.82%) compared to SRTY (11.43%). In terms of maximum drawdown, SRTY dropped -100.00% vs SQQQ's -100.00%.

On 10-year performance, SRTY leads with -43.10% vs -54.48% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, SRTY has been the lower-risk option at 11.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SRTY has performed better with a -43.10% return vs -54.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SRTY and SQQQ have the same expense ratio: 0.95% per year.

SQQQ has the higher dividend yield at 9.14%, compared with 8.11% for SRTY.

SRTY tracks Russell 2000 Index (-300%), while SQQQ tracks NASDAQ-100 Index (-300%).

SQQQ currently has the higher Sharpe Ratio (-0.86 vs -1.07), 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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