TDV vs. SQQQ
TDV (ProShares S&P Technology Dividend Aristocrats ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - TDV is a Technology Equities fund tracking the Zacks 2040 Lifecycle Index, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 5 years, TDV returned 13.05%/yr vs -47.03%/yr for SQQQ. At a correlation of -0.84, they often move in opposite directions. TDV charges 0.66%/yr vs 0.95%/yr for SQQQ.
Performance
TDV vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TDV achieves a 18.57% return, which is significantly higher than SQQQ's -40.98% return.
TDV
- 1D
- 1.37%
- 1M
- -0.65%
- YTD
- 18.57%
- 6M
- 16.16%
- 1Y
- 26.00%
- 3Y*
- 18.39%
- 5Y*
- 13.05%
- 10Y*
- —
SQQQ
- 1D
- -2.42%
- 1M
- 2.09%
- YTD
- -40.98%
- 6M
- -38.01%
- 1Y
- -59.41%
- 3Y*
- -54.63%
- 5Y*
- -47.03%
- 10Y*
- -56.54%
TDV vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 18.57% | 16.05% | 9.72% | 27.29% | -15.94% | 28.29% | 29.00% | 2.86% |
SQQQ ProShares UltraPro Short QQQ | -40.98% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -17.47% |
Correlation
The correlation between TDV and SQQQ is -0.80, 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 | -0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.84 |
The correlation between TDV and SQQQ has been stable across timeframes, ranging from -0.85 to -0.80 - a consistent structural relationship.
TDV vs. SQQQ - Sectors Allocation Comparison
Sectors
TDV
SQQQ
Technology
-
Financial Services
Industrials
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
-
-
Technology
TDV
SQQQ
-
Financial Services
TDV
SQQQ
Industrials
TDV
SQQQ
-
Basic Materials
TDV
-
SQQQ
-
Communication Services
TDV
-
SQQQ
-
Consumer Cyclical
TDV
-
SQQQ
-
Consumer Defensive
TDV
-
SQQQ
-
Energy
TDV
-
SQQQ
-
Healthcare
TDV
-
SQQQ
-
Real Estate
TDV
-
SQQQ
-
Utilities
TDV
-
SQQQ
-
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Return for Risk
TDV vs. SQQQ — Risk / Return Rank
TDV
SQQQ
TDV vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) 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.
| TDV | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.79 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | -0.96 | +3.69 |
| Martin ratioReturn relative to average drawdown | 8.87 | -1.84 | +10.72 |
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Drawdowns
TDV vs. SQQQ - Drawdown Comparison
The maximum TDV drawdown since its inception was -32.78%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TDV and SQQQ.
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Drawdown Indicators
| TDV | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -100.00% | +67.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -62.23% | +52.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -92.51% | +70.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -97.27% | +72.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -4.08% | -100.00% | +95.92% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -92.73% | +87.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 33.76% | -30.82% |
Volatility
TDV vs. SQQQ - Volatility Comparison
The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 8.40%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.22%. This indicates that TDV 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
| TDV | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.40% | 26.22% | -17.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 43.25% | -28.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 53.47% | -35.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 67.54% | -46.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 66.45% | -43.16% |
TDV vs. SQQQ - Expense Ratio Comparison
TDV has a 0.66% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Dividends
TDV vs. SQQQ - Dividend Comparison
TDV's dividend yield for the trailing twelve months is around 1.02%, less than SQQQ's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 10.12% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
TDV ProShares S&P Technology Dividend Aristocrats ETF | 1.02% | 1.09% | 1.16% | 1.16% | 1.67% | 1.08% | 1.10% | 0.11% | 0.00% | 0.00% |
Frequently Asked Questions
TDV and SQQQ have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (26.22%) compared to TDV (8.40%). In terms of maximum drawdown, TDV dropped -32.78% vs SQQQ's -100.00%.
On 5-year performance, TDV leads with 13.05% vs -47.03% for SQQQ. On fees, TDV is cheaper at 0.66% per year. On volatility, TDV has been the lower-risk option at 8.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TDV has performed better with a 13.05% return vs -47.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDV is cheaper with a 0.66% expense ratio, compared with 0.95% for SQQQ.
SQQQ has the higher dividend yield at 10.12%, compared with 1.02% for TDV.
TDV is categorized as Technology Equities, while SQQQ is Leveraged Equities. TDV tracks Zacks 2040 Lifecycle Index, while SQQQ tracks NASDAQ-100 Index (-300%). Their fees differ too: 0.66% for TDV and 0.95% for SQQQ.
TDV currently has the higher Sharpe Ratio (1.41 vs -1.11), 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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