TWLO vs. QLD

Last updated Jun 4, 2026

TWLO (Twilio Inc.) is a stock, while QLD (ProShares Ultra QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Over the past 5 years, TWLO returned -6.02%/yr vs 25.75%/yr for QLD. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

TWLO vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twilio Inc. (TWLO) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWLO achieves a 59.77% return, which is significantly higher than QLD's 42.06% return.

TWLO

• 1D: -0.89%
• 1M: 19.82%
• YTD: 59.77%
• 6M: 77.38%
• 1Y: 93.45%
• 3Y*: 50.14%
• 5Y*: -6.02%
• 10Y*: —

QLD

• 1D: -0.53%
• 1M: 21.54%
• YTD: 42.06%
• 6M: 37.45%
• 1Y: 85.49%
• 3Y*: 50.15%
• 5Y*: 25.75%
• 10Y*: 36.10%

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

TWLO vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWLO Twilio Inc.	59.77%	31.61%	42.45%	54.96%	-81.41%	-22.20%	244.42%	10.06%	278.39%	-18.20%
QLD ProShares Ultra QQQ	42.06%	30.36%	42.82%	117.72%	-60.52%	54.67%	88.90%	81.69%	-8.31%	70.34%

Correlation

The correlation between TWLO and QLD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 24, 2016	0.53

The correlation between TWLO and QLD shifts across timeframes, from 0.47 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TWLO vs. QLD — Risk / Return Rank

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

TWLO

TWLO Risk / Return Rank: 81
TWLO Sharpe Ratio Rank: 82
TWLO Sortino Ratio Rank: 80
TWLO Omega Ratio Rank: 81
TWLO Calmar Ratio Rank: 82
TWLO Martin Ratio Rank: 81

QLD

QLD Risk / Return Rank: 69
QLD Sharpe Ratio Rank: 81
QLD Sortino Ratio Rank: 67
QLD Omega Ratio Rank: 67
QLD Calmar Ratio Rank: 67
QLD Martin Ratio Rank: 64

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.

TWLO vs. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twilio Inc. (TWLO) and ProShares Ultra QQQ (QLD). 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.

	TWLO	QLD	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.70	-1.13
Sortino ratio: Return per unit of downside risk	2.32	3.16	-0.84
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.09
Calmar ratio: Return relative to maximum drawdown	3.10	3.42	-0.32
Martin ratio: Return relative to average drawdown	7.07	11.92	-4.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWLO vs. QLD - Sharpe Ratio Comparison

The current TWLO Sharpe Ratio is 1.57, which is lower than the QLD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of TWLO and QLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TWLO	QLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.70	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.58	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.60	-0.22

Drawdowns

TWLO vs. QLD - Drawdown Comparison

The maximum TWLO drawdown since its inception was -90.36%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for TWLO and QLD.

Drawdown Indicators

	TWLO	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-90.36%	-83.13%	-7.23%
Max Drawdown (1Y) Largest decline over 1 year	-30.34%	-25.13%	-5.21%
Max Drawdown (3Y) Largest decline over 3 years	-45.17%	-42.29%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-89.57%	-63.68%	-25.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-48.76%	-0.53%	-48.23%
Average Drawdown Average peak-to-trough decline	-49.52%	-18.17%	-31.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	7.20%	+6.05%

Volatility

TWLO vs. QLD - Volatility Comparison

Twilio Inc. (TWLO) has a higher volatility of 20.70% compared to ProShares Ultra QQQ (QLD) at 8.90%. This indicates that TWLO's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWLO	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.70%	8.90%	+11.80%
Volatility (6M) Calculated over the trailing 6-month period	42.37%	24.08%	+18.29%
Volatility (1Y) Calculated over the trailing 1-year period	59.85%	31.85%	+28.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.24%	44.74%	+14.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.75%	44.56%	+16.19%

Dividends

TWLO vs. QLD - Dividend Comparison

TWLO has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLD ProShares Ultra QQQ	0.12%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%
TWLO Twilio Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TWLO and QLD in my portfolio?

TWLO and QLD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWLO or QLD?

TWLO has higher volatility (20.70%) compared to QLD (8.90%). In terms of maximum drawdown, TWLO dropped -90.36% vs QLD's -83.13%.

Which has better risk-adjusted returns?

QLD currently has the higher Sharpe Ratio (2.70 vs 1.57), 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.