TQQQ vs. SWDSX

Last updated Jun 13, 2026

TQQQ (ProShares UltraPro QQQ) and SWDSX (Schwab Dividend Equity Fund™) are both funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while SWDSX is a Large Cap Value Equities fund managed by Charles Schwab. Over the past 10 years, TQQQ returned 44.55%/yr vs 9.28%/yr for SWDSX. A 0.70 correlation means they provide meaningful diversification when combined. TQQQ charges 0.95%/yr vs 0.89%/yr for SWDSX.

Performance

TQQQ vs. SWDSX - Performance Comparison

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

Returns By Period

In the year-to-date period, TQQQ achieves a 47.28% return, which is significantly higher than SWDSX's 7.38% return. Over the past 10 years, TQQQ has outperformed SWDSX with an annualized return of 44.55%, while SWDSX has yielded a comparatively lower 9.28% annualized return.

TQQQ

• 1D: 1.99%
• 1M: -1.81%
• YTD: 47.28%
• 6M: 47.23%
• 1Y: 114.36%
• 3Y*: 59.79%
• 5Y*: 24.34%
• 10Y*: 44.55%

SWDSX

• 1D: 0.63%
• 1M: 1.00%
• YTD: 7.38%
• 6M: 4.19%
• 1Y: 14.79%
• 3Y*: 14.73%
• 5Y*: 8.89%
• 10Y*: 9.28%

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

TQQQ vs. SWDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TQQQ ProShares UltraPro QQQ	47.28%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%
SWDSX Schwab Dividend Equity Fund™	7.38%	12.31%	17.06%	6.92%	-5.84%	28.24%	-4.33%	24.32%	-12.18%	15.40%

Correlation

The correlation between TQQQ and SWDSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.70

Over the past year, the correlation between TQQQ and SWDSX has dropped to 0.42 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

TQQQ vs. SWDSX — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 64
TQQQ Sharpe Ratio Rank: 75
TQQQ Sortino Ratio Rank: 59
TQQQ Omega Ratio Rank: 62
TQQQ Calmar Ratio Rank: 66
TQQQ Martin Ratio Rank: 59

SWDSX

SWDSX Risk / Return Rank: 46
SWDSX Sharpe Ratio Rank: 44
SWDSX Sortino Ratio Rank: 42
SWDSX Omega Ratio Rank: 44
SWDSX Calmar Ratio Rank: 55
SWDSX Martin Ratio Rank: 45

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. SWDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Schwab Dividend Equity Fund™ (SWDSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TQQQ	SWDSX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.54	+0.55
Sortino ratio: Return per unit of downside risk	2.42	2.13	+0.29
Omega ratio: Gain probability vs. loss probability	1.32	1.28	+0.04
Calmar ratio: Return relative to maximum drawdown	2.89	2.32	+0.57
Martin ratio: Return relative to average drawdown	9.26	7.85	+1.41

TQQQ vs. SWDSX - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 2.09, which is higher than the SWDSX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of TQQQ and SWDSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQQQ vs. SWDSX - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than SWDSX's maximum drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for TQQQ and SWDSX.

Drawdown Indicators

	TQQQ	SWDSX	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-50.01%	-31.65%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	-6.16%	-30.81%
Max Drawdown (3Y) Largest decline over 3 years	-58.04%	-11.67%	-46.37%
Max Drawdown (5Y) Largest decline over 5 years	-81.66%	-17.94%	-63.72%
Max Drawdown (10Y) Largest decline over 10 years	-81.66%	-40.20%	-41.46%
Current Drawdown Current decline from peak	-11.12%	-0.05%	-11.07%
Average Drawdown Average peak-to-trough decline	-18.51%	-6.77%	-11.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	1.82%	+9.70%

Volatility

TQQQ vs. SWDSX - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 22.79% compared to Schwab Dividend Equity Fund™ (SWDSX) at 2.24%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than SWDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQQ	SWDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.79%	2.24%	+20.55%
Volatility (6M) Calculated over the trailing 6-month period	41.26%	7.36%	+33.90%
Volatility (1Y) Calculated over the trailing 1-year period	51.24%	9.31%	+41.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.02%	13.21%	+53.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.22%	16.89%	+49.33%

TQQQ vs. SWDSX - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than SWDSX's 0.89% expense ratio.

Dividends

TQQQ vs. SWDSX - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.41%, less than SWDSX's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWDSX Schwab Dividend Equity Fund™	1.15%	1.22%	2.59%	2.25%	6.83%	16.25%	2.09%	6.86%	11.63%	10.24%	1.68%	14.46%
TQQQ ProShares UltraPro QQQ	0.41%	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 SWDSX in my portfolio?

TQQQ and SWDSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQQQ or SWDSX?

TQQQ has higher volatility (22.79%) compared to SWDSX (2.24%). In terms of maximum drawdown, TQQQ dropped -81.66% vs SWDSX's -50.01%.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.09 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.