TQQQ vs. FUTG
TQQQ (ProShares UltraPro QQQ) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. TQQQ is passively managed, while FUTG is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. TQQQ charges 0.95%/yr vs 0.75%/yr for FUTG.
Performance
TQQQ vs. FUTG - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ achieves a 61.91% return, which is significantly higher than FUTG's -75.86% return.
TQQQ
- 1D
- -1.55%
- 1M
- 26.46%
- YTD
- 61.91%
- 6M
- 54.01%
- 1Y
- 132.34%
- 3Y*
- 68.49%
- 5Y*
- 27.97%
- 10Y*
- 44.95%
FUTG
- 1D
- -1.36%
- 1M
- -71.11%
- YTD
- -75.86%
- 6M
- -77.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ ProShares UltraPro QQQ | 61.91% | 4.42% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.86% | -0.80% |
Correlation
The correlation between TQQQ and FUTG is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.58 |
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Return for Risk
TQQQ vs. FUTG — Risk / Return Rank
TQQQ
FUTG
TQQQ vs. FUTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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.
| TQQQ | FUTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | — | — |
| Martin ratioReturn relative to average drawdown | 11.77 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TQQQ | FUTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | -0.66 | +1.40 |
Drawdowns
TQQQ vs. FUTG - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for TQQQ and FUTG.
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Drawdown Indicators
| TQQQ | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -86.19% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -84.51% | +82.22% |
Average DrawdownAverage peak-to-trough decline | -18.52% | -40.62% | +22.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | — | — |
Volatility
TQQQ vs. FUTG - Volatility Comparison
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Volatility by Period
| TQQQ | FUTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.60% | 135.59% | -87.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.50% | 135.59% | -69.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.95% | 135.59% | -69.64% |
TQQQ vs. FUTG - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
TQQQ vs. FUTG - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.37%, while FUTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTG Leverage Shares 2X Long FUTU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.37% | 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
TQQQ and FUTG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for TQQQ.
TQQQ has the higher dividend yield at 0.37%, compared with 0.00% for FUTG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for TQQQ and 0.75% for FUTG.
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