TTT vs. QQQ
TTT (UltraPro Short 20+ Year Treasury) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TTT is a Leveraged Bonds fund tracking the Barclays Capital U.S. 20+ Year Treasury Index (-300%), while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, TTT returned -0.85%/yr vs 22.07%/yr for QQQ. At a 0.13 correlation, their price movements are largely independent. TTT charges 0.95%/yr vs 0.18%/yr for QQQ.
Performance
TTT vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TTT achieves a 0.59% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, TTT has underperformed QQQ with an annualized return of -0.85%, while QQQ has yielded a comparatively higher 22.07% annualized return.
TTT
- 1D
- -0.36%
- 1M
- -6.09%
- YTD
- 0.59%
- 6M
- 2.13%
- 1Y
- -4.00%
- 3Y*
- 10.12%
- 5Y*
- 18.57%
- 10Y*
- -0.85%
QQQ
- 1D
- -3.29%
- 1M
- -0.43%
- YTD
- 16.45%
- 6M
- 14.99%
- 1Y
- 34.88%
- 3Y*
- 26.05%
- 5Y*
- 16.01%
- 10Y*
- 22.07%
TTT vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 0.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
QQQ Invesco QQQ ETF | 16.45% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between TTT and QQQ is -0.16, 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 (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | 0.13 |
The correlation between TTT and QQQ shifts across timeframes, from -0.16 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TTT vs. QQQ — Risk / Return Rank
TTT
QQQ
TTT vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) and Invesco QQQ ETF (QQQ). 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.
| TTT | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.93 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.34 | 10.86 | -11.20 |
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Drawdowns
TTT vs. QQQ - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TTT and QQQ.
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Drawdown Indicators
| TTT | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -82.97% | -11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -11.96% | -10.22% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -22.77% | -26.92% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -35.12% | -14.57% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | -35.12% | -46.64% |
Current DrawdownCurrent decline from peak | -78.91% | -4.25% | -74.66% |
Average DrawdownAverage peak-to-trough decline | -70.37% | -32.73% | -37.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 3.22% | +8.67% |
Volatility
TTT vs. QQQ - Volatility Comparison
The current volatility for UltraPro Short 20+ Year Treasury (TTT) is 6.36%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that TTT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTT | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 9.17% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 14.57% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 17.96% | +10.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.02% | 22.69% | +24.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.32% | 22.42% | +20.90% |
TTT vs. QQQ - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
TTT vs. QQQ - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.61%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
TTT UltraPro Short 20+ Year Treasury | 9.61% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTT and QQQ have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (9.17%) compared to TTT (6.36%). In terms of maximum drawdown, TTT dropped -94.00% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 22.07% vs -0.85% for TTT. On fees, QQQ is cheaper at 0.18% per year. On volatility, TTT has been the lower-risk option at 6.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 22.07% return vs -0.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.95% for TTT.
TTT has the higher dividend yield at 9.61%, compared with 0.43% for QQQ.
TTT is categorized as Leveraged Bonds, while QQQ is Nasdaq-100. TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%), while QQQ tracks NASDAQ-100 Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for TTT and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.95 vs -0.14), 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.
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