TQQQ vs. NTSD

Last updated Jun 4, 2026

TQQQ (ProShares UltraPro QQQ) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. TQQQ is passively managed, while NTSD is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. TQQQ charges 0.95%/yr vs 0.35%/yr for NTSD.

Performance

TQQQ vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

NTSD

• 1D: -1.11%
• 1M: 7.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQQ vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
TQQQ ProShares UltraPro QQQ	89.76%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	17.91%

Correlation

The correlation between TQQQ and NTSD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.89

Return for Risk

TQQQ vs. NTSD — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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.

TQQQ vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	2.92	—	—
Sortino ratio: Return per unit of downside risk	3.09	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.75	—	—
Martin ratio: Return relative to average drawdown	12.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TQQQ	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	5.08	-4.34

Drawdowns

TQQQ vs. NTSD - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for TQQQ and NTSD.

Drawdown Indicators

	TQQQ	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-5.20%	-76.46%
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 Drawdown Current decline from peak	-0.76%	-1.11%	+0.35%
Average Drawdown Average peak-to-trough decline	-18.52%	-0.84%	-17.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.28%	—	—

Volatility

Volatility by Period

	TQQQ	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.60%	24.28%	+23.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.53%	24.28%	+42.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.96%	24.28%	+41.68%

TQQQ vs. NTSD - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

TQQQ vs. NTSD - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.36%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	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	0.36%	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 TQQQ and NTSD in my portfolio?

TQQQ and NTSD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TQQQ or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TQQQ or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for TQQQ.

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

TQQQ has the higher dividend yield at 0.36%, compared with 0.00% for NTSD.

What is the main difference between TQQQ and NTSD?

They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for TQQQ and 0.35% for NTSD.