TDIV vs. TQQQ

Last updated Jun 9, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, TDIV returned 18.57%/yr vs 43.95%/yr for TQQQ. Their correlation of 0.87 suggests significant overlap in exposure. TDIV charges 0.50%/yr vs 0.95%/yr for TQQQ.

Performance

TDIV vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDIV achieves a 22.19% return, which is significantly lower than TQQQ's 44.91% return. Over the past 10 years, TDIV has underperformed TQQQ with an annualized return of 18.57%, while TQQQ has yielded a comparatively higher 43.95% annualized return.

TDIV

• 1D: 0.86%
• 1M: 4.45%
• YTD: 22.19%
• 6M: 18.19%
• 1Y: 42.39%
• 3Y*: 30.27%
• 5Y*: 17.70%
• 10Y*: 18.57%

TQQQ

• 1D: 4.41%
• 1M: -0.01%
• YTD: 44.91%
• 6M: 37.12%
• 1Y: 106.99%
• 3Y*: 62.78%
• 5Y*: 24.89%
• 10Y*: 43.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDIV vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	22.19%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
TQQQ ProShares UltraPro QQQ	44.91%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between TDIV and TQQQ is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Aug 15, 2012	0.87

The correlation between TDIV and TQQQ has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

TDIV vs. TQQQ - Sectors Allocation Comparison

Sectors	TDIV	TQQQ
Technology	85.0%	53.8%
Communication Services	13.4%	15.8%
Industrials	1.6%	2.8%
Basic Materials	-	1.1%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

TDIV vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TDIV

TDIV Risk / Return Rank: 74
TDIV Sharpe Ratio Rank: 75
TDIV Sortino Ratio Rank: 70
TDIV Omega Ratio Rank: 71
TDIV Calmar Ratio Rank: 82
TDIV Martin Ratio Rank: 71

TQQQ

TQQQ Risk / Return Rank: 63
TQQQ Sharpe Ratio Rank: 74
TQQQ Sortino Ratio Rank: 57
TQQQ Omega Ratio Rank: 60
TQQQ Calmar Ratio Rank: 64
TQQQ Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDIV vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and ProShares UltraPro QQQ (TQQQ). 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.

	TDIV	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.16	+0.03
Sortino ratio: Return per unit of downside risk	2.85	2.45	+0.39
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	3.96	2.91	+1.05
Martin ratio: Return relative to average drawdown	12.05	9.45	+2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDIV vs. TQQQ - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 2.19, which is comparable to the TQQQ Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of TDIV and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDIV	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.16	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.37	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.67	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.72	+0.13

Drawdowns

TDIV vs. TQQQ - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for TDIV and TQQQ.

Drawdown Indicators

	TDIV	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-81.66%	+49.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-36.97%	+26.23%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-58.04%	+35.04%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-81.66%	+49.69%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-81.66%	+49.69%
Current Drawdown Current decline from peak	-8.10%	-12.55%	+4.45%
Average Drawdown Average peak-to-trough decline	-4.84%	-18.52%	+13.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	11.36%	-7.83%

Volatility

TDIV vs. TQQQ - Volatility Comparison

The current volatility for First Trust NASDAQ Technology Dividend Index Fund (TDIV) is 9.66%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.84%. This indicates that TDIV experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDIV	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.66%	20.84%	-11.18%
Volatility (6M) Calculated over the trailing 6-month period	15.31%	39.54%	-24.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	49.94%	-30.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	66.84%	-45.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	66.15%	-45.20%

TDIV vs. TQQQ - Expense Ratio Comparison

TDIV has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

TDIV vs. TQQQ - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.19%, more than TQQQ's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.19%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%
TQQQ ProShares UltraPro QQQ	0.41%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both TDIV and TQQQ in my portfolio?

TDIV and TQQQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDIV or TQQQ?

TQQQ has higher volatility (20.84%) compared to TDIV (9.66%). In terms of maximum drawdown, TDIV dropped -31.97% vs TQQQ's -81.66%.

Which ETF is better, TDIV or TQQQ?

On 10-year performance, TQQQ leads with 43.95% vs 18.57% for TDIV. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDIV has been the lower-risk option at 9.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDIV or TQQQ?

Over the 10-year period, TQQQ has performed better with a 43.95% return vs 18.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDIV or TQQQ?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.95% for TQQQ.

Which ETF pays a higher dividend yield, TDIV or TQQQ?

TDIV has the higher dividend yield at 1.19%, compared with 0.41% for TQQQ.

What is the main difference between TDIV and TQQQ?

TDIV is categorized as Technology Equities, while TQQQ is Leveraged Equities. TDIV tracks NASDAQ Technology Dividend Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.50% for TDIV and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (2.19 vs 2.16), 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.