SRTY vs. SQQQ
Compare and contrast key facts about ProShares UltraPro Short Russell2000 (SRTY) and ProShares UltraPro Short QQQ (SQQQ).
SRTY and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. 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. Both SRTY and SQQQ 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: SRTY or SQQQ.
Key characteristics
| SRTY | SQQQ | |
|---|---|---|
| YTD Return | -28.22% | -35.37% |
| 1Y Return | -50.10% | -52.19% |
| 3Y Return (Ann) | -21.71% | -37.88% |
| 5Y Return (Ann) | -47.53% | -59.00% |
| 10Y Return (Ann) | -40.13% | -51.78% |
| Sharpe Ratio | -0.77 | -0.98 |
| Daily Std Dev | 63.89% | 52.98% |
| Max Drawdown | -99.99% | -100.00% |
| Current Drawdown | -99.98% | -100.00% |
Correlation
The correlation between SRTY and SQQQ is 0.74, 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.
Performance
SRTY vs. SQQQ - Performance Comparison
In the year-to-date period, SRTY achieves a -28.22% return, which is significantly higher than SQQQ's -35.37% return. Over the past 10 years, SRTY has outperformed SQQQ with an annualized return of -40.13%, while SQQQ has yielded a comparatively lower -51.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SRTY vs. SQQQ - Expense Ratio Comparison
Both SRTY and SQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
SRTY vs. SQQQ - Risk-Adjusted Performance 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.
Dividends
SRTY vs. SQQQ - Dividend Comparison
SRTY's dividend yield for the trailing twelve months is around 8.22%, less than SQQQ's 11.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SRTY ProShares UltraPro Short Russell2000 | 6.45% | 4.93% | 0.17% | 0.00% | 0.95% | 2.12% | 0.70% | 0.04% |
SQQQ ProShares UltraPro Short QQQ | 7.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
SRTY vs. SQQQ - Drawdown Comparison
The maximum SRTY drawdown since its inception was -99.99%, 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. For additional features, visit the drawdowns tool.
Volatility
SRTY vs. SQQQ - Volatility Comparison
ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 18.83% compared to ProShares UltraPro Short QQQ (SQQQ) at 17.29%. This indicates that SRTY's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.