TSLI vs. SQQQ
TSLI (ProShares Ultra TSLA) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares. TSLI is actively managed, while SQQQ is passively managed. At a correlation of -0.64, they often move in opposite directions.
Performance
TSLI vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TSLI achieves a -27.63% return, which is significantly higher than SQQQ's -42.94% return.
TSLI
- 1D
- 16.30%
- 1M
- -13.97%
- YTD
- -27.63%
- 6M
- -31.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -7.63%
- 1M
- 1.81%
- YTD
- -42.94%
- 6M
- -41.05%
- 1Y
- -59.27%
- 3Y*
- -53.68%
- 5Y*
- -46.93%
- 10Y*
- -55.94%
TSLI vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLI ProShares Ultra TSLA | -27.63% | 48.21% |
SQQQ ProShares UltraPro Short QQQ | -42.94% | -16.56% |
Correlation
The correlation between TSLI and SQQQ is -0.64, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | -0.64 |
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Return for Risk
TSLI vs. SQQQ — Risk / Return Rank
TSLI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SQQQ
TSLI vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra TSLA (TSLI) 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.
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.
| TSLI | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.79 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.83 | — |
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Drawdowns
TSLI vs. SQQQ - Drawdown Comparison
The maximum TSLI drawdown since its inception was -54.83%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TSLI and SQQQ.
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Drawdown Indicators
| TSLI | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -100.00% | +45.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.97% | — |
Current DrawdownCurrent decline from peak | -39.83% | -100.00% | +60.17% |
Average DrawdownAverage peak-to-trough decline | -26.12% | -92.74% | +66.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 32.45% | — |
Volatility
TSLI vs. SQQQ - Volatility Comparison
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Volatility by Period
| TSLI | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.44% | 54.25% | +34.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.44% | 67.64% | +20.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.44% | 66.46% | +21.98% |
Dividends
TSLI vs. SQQQ - Dividend Comparison
TSLI's dividend yield for the trailing twelve months is around 9.72%, less than SQQQ's 10.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 10.47% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
TSLI ProShares Ultra TSLA | 9.72% | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLI and SQQQ have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has the higher dividend yield at 10.47%, compared with 9.72% for TSLI.
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