TINY vs. SQQQ

Last updated Jul 17, 2026

TINY (ProShares Nanotechnology ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - TINY is a Technology Equities fund tracking the Solactive Nanotechnology Index, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 3 years, TINY returned 27.14%/yr vs -50.96%/yr for SQQQ. At a correlation of -0.82, they often move in opposite directions. TINY charges 0.58%/yr vs 0.95%/yr for SQQQ.

Performance

TINY vs. SQQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, TINY achieves a 55.32% return, which is significantly higher than SQQQ's -38.86% return.

TINY

• 1D: -2.10%
• 1M: -7.89%
• 6M: 33.37%
• YTD: 55.32%
• 1Y: 83.39%
• 3Y*: 27.14%
• 5Y*: —
• 10Y*: —

SQQQ

• 1D: 5.01%
• 1M: 8.33%
• 6M: -36.79%
• YTD: -38.86%
• 1Y: -54.36%
• 3Y*: -50.96%
• 5Y*: -45.88%
• 10Y*: -55.08%

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

TINY vs. SQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINY ProShares Nanotechnology ETF	55.32%	19.98%	6.63%	47.97%	-34.14%	8.60%
SQQQ ProShares UltraPro Short QQQ	-38.86%	-53.05%	-49.79%	-73.61%	82.40%	-17.39%

Correlation

The correlation between TINY and SQQQ is -0.75, 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	-0.75
Correlation (3Y) Calculated over the trailing 3-year period	-0.78
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021	-0.82

The correlation between TINY and SQQQ has been stable across timeframes, ranging from -0.82 to -0.75 - a consistent structural relationship.

TINY vs. SQQQ - Sectors Allocation Comparison

Sectors	TINY	SQQQ
Technology	70.5%	-
Healthcare	10.4%	-
Basic Materials	9.8%	-
Industrials	4.8%	-
Consumer Cyclical	4.6%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	109.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

TINY vs. SQQQ — Risk / Return Rank

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

TINY

TINY Risk / Return Rank: 84
TINY Sharpe Ratio Rank: 87
TINY Sortino Ratio Rank: 77
TINY Omega Ratio Rank: 76
TINY Calmar Ratio Rank: 93
TINY Martin Ratio Rank: 89

SQQQ

SQQQ Risk / Return Rank: 1
SQQQ Sharpe Ratio Rank: 2
SQQQ Sortino Ratio Rank: 2
SQQQ Omega Ratio Rank: 2
SQQQ Calmar Ratio Rank: 1
SQQQ Martin Ratio Rank: 0

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.

TINY vs. SQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nanotechnology ETF (TINY) 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.

	TINY	SQQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.26	-0.98	+3.24
Sortino ratio: Return per unit of downside risk	2.76	-1.58	+4.34
Omega ratio: Gain probability vs. loss probability	1.36	0.83	+0.53
Calmar ratio: Return relative to maximum drawdown	5.00	-0.89	+5.90
Martin ratio: Return relative to average drawdown	15.29	-1.63	+16.92

TINY vs. SQQQ - Sharpe Ratio Comparison

The current TINY Sharpe Ratio is 2.26, which is higher than the SQQQ Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of TINY 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.

Drawdowns

TINY vs. SQQQ - Drawdown Comparison

The maximum TINY drawdown since its inception was -43.79%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TINY and SQQQ.

Drawdown Indicators

	TINY	SQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-100.00%	+56.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-61.03%	+44.28%
Max Drawdown (3Y) Largest decline over 3 years	-42.13%	-92.51%	+50.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.97%	—
Current Drawdown Current decline from peak	-14.81%	-100.00%	+85.19%
Average Drawdown Average peak-to-trough decline	-15.90%	-92.76%	+76.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	33.36%	-27.89%

Volatility

TINY vs. SQQQ - Volatility Comparison

The current volatility for ProShares Nanotechnology ETF (TINY) is 16.86%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 22.32%. This indicates that TINY 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.

Volatility by Period

	TINY	SQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.86%	22.32%	-5.46%
Volatility (6M) Calculated over the trailing 6-month period	31.43%	46.22%	-14.79%
Volatility (1Y) Calculated over the trailing 1-year period	37.06%	55.87%	-18.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.14%	67.91%	-34.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.14%	66.57%	-33.43%

TINY vs. SQQQ - Expense Ratio Comparison

TINY has a 0.58% expense ratio, which is lower than SQQQ's 0.95% expense ratio.

Dividends

TINY vs. SQQQ - Dividend Comparison

TINY's dividend yield for the trailing twelve months is around 0.17%, less than SQQQ's 9.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SQQQ ProShares UltraPro Short QQQ	9.77%	9.36%	10.23%	8.01%	0.28%	0.00%	2.15%	2.92%	1.47%	0.14%
TINY ProShares Nanotechnology ETF	0.17%	0.29%	0.01%	0.35%	0.42%	0.07%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TINY and SQQQ in my portfolio?

TINY and SQQQ have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINY or SQQQ?

SQQQ has higher volatility (22.32%) compared to TINY (16.86%). In terms of maximum drawdown, TINY dropped -43.79% vs SQQQ's -100.00%.

Which ETF is better, TINY or SQQQ?

On 3-year performance, TINY leads with 27.14% vs -50.96% for SQQQ. On fees, TINY is cheaper at 0.58% per year. On volatility, TINY has been the lower-risk option at 16.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINY or SQQQ?

Over the 3-year period, TINY has performed better with a 27.14% return vs -50.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINY or SQQQ?

TINY is cheaper with a 0.58% expense ratio, compared with 0.95% for SQQQ.

Which ETF pays a higher dividend yield, TINY or SQQQ?

SQQQ has the higher dividend yield at 9.77%, compared with 0.17% for TINY.

What is the main difference between TINY and SQQQ?

TINY is categorized as Technology Equities, while SQQQ is Leveraged Equities. TINY tracks Solactive Nanotechnology Index, while SQQQ tracks NASDAQ-100 Index (-300%). Their fees differ too: 0.58% for TINY and 0.95% for SQQQ.

Which has better risk-adjusted returns?

TINY currently has the higher Sharpe Ratio (2.26 vs -0.98), 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.