TINT vs. QLD

Last updated Jun 24, 2026

TINT (ProShares Smart Materials ETF) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - TINT is a Energy Equities fund tracking the Solactive Smart Materials Index - Benchmark TR Net, while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past 3 years, TINT returned 8.66%/yr vs 43.61%/yr for QLD. A 0.72 correlation means they provide meaningful diversification when combined. TINT charges 0.58%/yr vs 0.95%/yr for QLD.

Performance

TINT vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINT achieves a 19.21% return, which is significantly lower than QLD's 29.58% return.

TINT

• 1D: -4.06%
• 1M: -2.84%
• YTD: 19.21%
• 6M: 18.70%
• 1Y: 35.71%
• 3Y*: 8.66%
• 5Y*: —
• 10Y*: —

QLD

• 1D: -6.61%
• 1M: -2.02%
• YTD: 29.58%
• 6M: 26.13%
• 1Y: 66.80%
• 3Y*: 43.61%
• 5Y*: 21.41%
• 10Y*: 36.27%

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

TINT vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINT ProShares Smart Materials ETF	19.21%	16.13%	-13.37%	20.04%	-28.14%	1.56%
QLD ProShares Ultra QQQ	29.58%	30.36%	42.82%	117.72%	-60.52%	9.29%

Correlation

The correlation between TINT and QLD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021	0.72

The correlation between TINT and QLD has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

TINT vs. QLD - Sectors Allocation Comparison

Sectors	TINT	QLD
Basic Materials	67.3%	1.0%
Technology	21.0%	58.7%
Industrials	7.0%	2.6%
Financial Services	3.9%	0.2%
Healthcare	0.8%	3.7%
Communication Services	-	14.3%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

TINT vs. QLD — Risk / Return Rank

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

TINT

TINT Risk / Return Rank: 45
TINT Sharpe Ratio Rank: 45
TINT Sortino Ratio Rank: 45
TINT Omega Ratio Rank: 44
TINT Calmar Ratio Rank: 45
TINT Martin Ratio Rank: 47

QLD

QLD Risk / Return Rank: 53
QLD Sharpe Ratio Rank: 58
QLD Sortino Ratio Rank: 49
QLD Omega Ratio Rank: 51
QLD Calmar Ratio Rank: 56
QLD Martin Ratio Rank: 54

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.

TINT vs. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) and ProShares Ultra QQQ (QLD). 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.

	TINT	QLD	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.88	-0.42
Sortino ratio: Return per unit of downside risk	2.08	2.33	-0.26
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.05	2.67	-0.63
Martin ratio: Return relative to average drawdown	7.29	9.05	-1.76

TINT vs. QLD - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.46, which is comparable to the QLD Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of TINT and QLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TINT vs. QLD - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for TINT and QLD.

Drawdown Indicators

	TINT	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-83.13%	+41.77%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-25.13%	+7.60%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-42.29%	+11.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-6.73%	-9.26%	+2.53%
Average Drawdown Average peak-to-trough decline	-20.92%	-18.14%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	7.40%	-2.49%

Volatility

TINT vs. QLD - Volatility Comparison

The current volatility for ProShares Smart Materials ETF (TINT) is 8.83%, while ProShares Ultra QQQ (QLD) has a volatility of 18.22%. This indicates that TINT experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINT	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	18.22%	-9.39%
Volatility (6M) Calculated over the trailing 6-month period	21.16%	28.95%	-7.79%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	35.77%	-11.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.58%	45.34%	-21.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	44.80%	-21.22%

TINT vs. QLD - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is lower than QLD's 0.95% expense ratio.

Dividends

TINT vs. QLD - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 1.03%, more than QLD's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLD ProShares Ultra QQQ	0.13%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%
TINT ProShares Smart Materials ETF	1.03%	1.27%	1.47%	0.99%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TINT and QLD in my portfolio?

TINT and QLD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or QLD?

QLD has higher volatility (18.22%) compared to TINT (8.83%). In terms of maximum drawdown, TINT dropped -41.36% vs QLD's -83.13%.

Which ETF is better, TINT or QLD?

On 3-year performance, QLD leads with 43.61% vs 8.66% for TINT. On fees, TINT is cheaper at 0.58% per year. On volatility, TINT has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or QLD?

Over the 3-year period, QLD has performed better with a 43.61% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or QLD?

TINT is cheaper with a 0.58% expense ratio, compared with 0.95% for QLD.

Which ETF pays a higher dividend yield, TINT or QLD?

TINT has the higher dividend yield at 1.03%, compared with 0.13% for QLD.

What is the main difference between TINT and QLD?

TINT is categorized as Energy Equities, while QLD is Leveraged Equities. TINT tracks Solactive Smart Materials Index - Benchmark TR Net, while QLD tracks NASDAQ-100 Index (200%). Their fees differ too: 0.58% for TINT and 0.95% for QLD.

Which has better risk-adjusted returns?

QLD currently has the higher Sharpe Ratio (1.88 vs 1.46), 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.