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TQQQ vs. QLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TQQQ and QLD is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.9

Performance

TQQQ vs. QLD - Performance Comparison

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

5,000.00%10,000.00%15,000.00%20,000.00%NovemberDecember2025FebruaryMarchApril
12,878.31%
5,270.46%
TQQQ
QLD

Key characteristics

Sharpe Ratio

TQQQ:

0.04

QLD:

0.20

Sortino Ratio

TQQQ:

0.58

QLD:

0.63

Omega Ratio

TQQQ:

1.08

QLD:

1.09

Calmar Ratio

TQQQ:

0.05

QLD:

0.24

Martin Ratio

TQQQ:

0.13

QLD:

0.74

Ulcer Index

TQQQ:

20.43%

QLD:

13.66%

Daily Std Dev

TQQQ:

74.97%

QLD:

50.13%

Max Drawdown

TQQQ:

-81.66%

QLD:

-83.13%

Current Drawdown

TQQQ:

-41.90%

QLD:

-27.13%

Returns By Period

In the year-to-date period, TQQQ achieves a -31.73% return, which is significantly lower than QLD's -19.08% return. Over the past 10 years, TQQQ has outperformed QLD with an annualized return of 28.14%, while QLD has yielded a comparatively lower 25.20% annualized return.


TQQQ

YTD

-31.73%

1M

-13.55%

6M

-27.48%

1Y

-1.26%

5Y*

27.64%

10Y*

28.14%

QLD

YTD

-19.08%

1M

-6.73%

6M

-15.00%

1Y

7.26%

5Y*

25.70%

10Y*

25.20%

*Annualized

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TQQQ vs. QLD - Expense Ratio Comparison

Both TQQQ and QLD have an expense ratio of 0.95%.


Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%
Expense ratio chart for QLD: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QLD: 0.95%

Risk-Adjusted Performance

TQQQ vs. QLD — Risk-Adjusted Performance Rank

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

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3333
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4646
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4545
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2626
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2424
Martin Ratio Rank

QLD
The Risk-Adjusted Performance Rank of QLD is 4343
Overall Rank
The Sharpe Ratio Rank of QLD is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of QLD is 4848
Sortino Ratio Rank
The Omega Ratio Rank of QLD is 4848
Omega Ratio Rank
The Calmar Ratio Rank of QLD is 4343
Calmar Ratio Rank
The Martin Ratio Rank of QLD is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TQQQ vs. QLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.


The chart of Sharpe ratio for TQQQ, currently valued at 0.04, compared to the broader market-1.000.001.002.003.004.00
TQQQ: 0.04
QLD: 0.20
The chart of Sortino ratio for TQQQ, currently valued at 0.58, compared to the broader market-2.000.002.004.006.008.00
TQQQ: 0.58
QLD: 0.63
The chart of Omega ratio for TQQQ, currently valued at 1.08, compared to the broader market0.501.001.502.002.50
TQQQ: 1.08
QLD: 1.09
The chart of Calmar ratio for TQQQ, currently valued at 0.05, compared to the broader market0.002.004.006.008.0010.0012.00
TQQQ: 0.05
QLD: 0.24
The chart of Martin ratio for TQQQ, currently valued at 0.13, compared to the broader market0.0020.0040.0060.00
TQQQ: 0.13
QLD: 0.74

The current TQQQ Sharpe Ratio is 0.04, which is lower than the QLD Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of TQQQ and QLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.04
0.20
TQQQ
QLD

Dividends

TQQQ vs. QLD - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 1.83%, more than QLD's 0.28% yield.


TTM20242023202220212020201920182017201620152014
TQQQ
ProShares UltraPro QQQ
1.83%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%
QLD
ProShares Ultra QQQ
0.28%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.90%0.11%0.19%

Drawdowns

TQQQ vs. QLD - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for TQQQ and QLD. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-41.90%
-27.13%
TQQQ
QLD

Volatility

TQQQ vs. QLD - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 48.66% compared to ProShares Ultra QQQ (QLD) at 32.70%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
48.66%
32.70%
TQQQ
QLD