TQQQ vs. SQQQ
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and ProShares UltraPro Short QQQ (SQQQ).
TQQQ and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both TQQQ and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQQQ or SQQQ.
Key characteristics
| TQQQ | SQQQ | |
|---|---|---|
| YTD Return | 2.14% | -7.77% |
| 1Y Return | 90.96% | -56.17% |
| 3Y Return (Ann) | -0.56% | -37.71% |
| 5Y Return (Ann) | 25.74% | -56.42% |
| 10Y Return (Ann) | 35.70% | -52.18% |
| Sharpe Ratio | 1.77 | -1.13 |
| Daily Std Dev | 48.54% | 48.70% |
| Max Drawdown | -81.66% | -100.00% |
| Current Drawdown | -40.23% | -100.00% |
Correlation
The correlation between TQQQ and SQQQ is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TQQQ vs. SQQQ - Performance Comparison
In the year-to-date period, TQQQ achieves a 2.14% return, which is significantly higher than SQQQ's -7.77% return. Over the past 10 years, TQQQ has outperformed SQQQ with an annualized return of 35.70%, while SQQQ has yielded a comparatively lower -52.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TQQQ vs. SQQQ - Expense Ratio Comparison
Both TQQQ and SQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
TQQQ vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.
Dividends
TQQQ vs. SQQQ - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 1.37%, less than SQQQ's 8.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.37% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
SQQQ ProShares UltraPro Short QQQ | 8.49% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
TQQQ vs. SQQQ - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TQQQ and SQQQ. For additional features, visit the drawdowns tool.
Volatility
TQQQ vs. SQQQ - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) and ProShares UltraPro Short QQQ (SQQQ) have volatilities of 16.36% and 16.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.