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

Correlation

The correlation between TQQQ and SQQQ is -0.87. 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.


-0.50.00.51.0
Correlation: -0.9

Performance

TQQQ vs. SQQQ - Performance Comparison

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

0.00%5,000.00%10,000.00%15,000.00%20,000.00%NovemberDecember2025FebruaryMarchApril
12,463.86%
-100.00%
TQQQ
SQQQ

Key characteristics

Sharpe Ratio

TQQQ:

0.05

SQQQ:

-0.58

Sortino Ratio

TQQQ:

0.60

SQQQ:

-0.50

Omega Ratio

TQQQ:

1.08

SQQQ:

0.93

Calmar Ratio

TQQQ:

0.06

SQQQ:

-0.43

Martin Ratio

TQQQ:

0.19

SQQQ:

-1.17

Ulcer Index

TQQQ:

20.26%

SQQQ:

36.71%

Daily Std Dev

TQQQ:

74.90%

SQQQ:

75.02%

Max Drawdown

TQQQ:

-81.66%

SQQQ:

-100.00%

Current Drawdown

TQQQ:

-43.76%

SQQQ:

-100.00%

Returns By Period

In the year-to-date period, TQQQ achieves a -33.91% return, which is significantly lower than SQQQ's 6.61% return. Over the past 10 years, TQQQ has outperformed SQQQ with an annualized return of 27.38%, while SQQQ has yielded a comparatively lower -50.76% annualized return.


TQQQ

YTD

-33.91%

1M

-22.31%

6M

-28.62%

1Y

-1.62%

5Y*

27.30%

10Y*

27.38%

SQQQ

YTD

6.61%

1M

-0.96%

6M

-5.79%

1Y

-39.95%

5Y*

-52.57%

10Y*

-50.76%

*Annualized

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TQQQ vs. SQQQ - Expense Ratio Comparison

Both TQQQ and SQQQ 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 SQQQ: 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%
SQQQ: 0.95%

Risk-Adjusted Performance

TQQQ vs. SQQQ — 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 3636
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4848
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4848
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 3030
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2828
Martin Ratio Rank

SQQQ
The Risk-Adjusted Performance Rank of SQQQ is 55
Overall Rank
The Sharpe Ratio Rank of SQQQ is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of SQQQ is 66
Sortino Ratio Rank
The Omega Ratio Rank of SQQQ is 66
Omega Ratio Rank
The Calmar Ratio Rank of SQQQ is 33
Calmar Ratio Rank
The Martin Ratio Rank of SQQQ is 55
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. 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.


The chart of Sharpe ratio for TQQQ, currently valued at 0.05, compared to the broader market-1.000.001.002.003.004.00
TQQQ: 0.05
SQQQ: -0.58
The chart of Sortino ratio for TQQQ, currently valued at 0.60, compared to the broader market-2.000.002.004.006.008.00
TQQQ: 0.60
SQQQ: -0.50
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
SQQQ: 0.93
The chart of Calmar ratio for TQQQ, currently valued at 0.06, compared to the broader market0.002.004.006.008.0010.0012.00
TQQQ: 0.06
SQQQ: -0.43
The chart of Martin ratio for TQQQ, currently valued at 0.19, compared to the broader market0.0020.0040.0060.00
TQQQ: 0.19
SQQQ: -1.17

The current TQQQ Sharpe Ratio is 0.05, which is higher than the SQQQ Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of TQQQ and SQQQ, 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
0.05
-0.58
TQQQ
SQQQ

Dividends

TQQQ vs. SQQQ - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 1.89%, less than SQQQ's 8.71% yield.


TTM20242023202220212020201920182017201620152014
TQQQ
ProShares UltraPro QQQ
1.89%1.27%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
8.71%10.23%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-43.76%
-100.00%
TQQQ
SQQQ

Volatility

TQQQ vs. SQQQ - Volatility Comparison

The current volatility for ProShares UltraPro QQQ (TQQQ) is 48.70%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 56.15%. This indicates that TQQQ 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.


10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
48.70%
56.15%
TQQQ
SQQQ