UBT vs. QLD
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and ProShares Ultra QQQ (QLD).
UBT and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both UBT and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBT or QLD.
Key characteristics
| UBT | QLD | |
|---|---|---|
| YTD Return | -20.89% | 7.74% |
| 1Y Return | -30.45% | 67.51% |
| 3Y Return (Ann) | -27.25% | 7.48% |
| 5Y Return (Ann) | -13.98% | 26.78% |
| 10Y Return (Ann) | -4.10% | 29.98% |
| Sharpe Ratio | -0.95 | 2.34 |
| Daily Std Dev | 33.46% | 32.70% |
| Max Drawdown | -78.90% | -83.13% |
| Current Drawdown | -76.21% | -10.76% |
Correlation
The correlation between UBT and QLD is -0.23. 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.
Performance
UBT vs. QLD - Performance Comparison
In the year-to-date period, UBT achieves a -20.89% return, which is significantly lower than QLD's 7.74% return. Over the past 10 years, UBT has underperformed QLD with an annualized return of -4.10%, while QLD has yielded a comparatively higher 29.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UBT vs. QLD - Expense Ratio Comparison
Both UBT and QLD have an expense ratio of 0.95%.
Risk-Adjusted Performance
UBT vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) 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.
Dividends
UBT vs. QLD - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 4.58%, more than QLD's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | 4.58% | 3.54% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 0.75% | 1.56% | 0.79% | 0.17% |
QLD ProShares Ultra QQQ | 0.38% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.24% | 0.11% | 0.19% | 0.13% |
Drawdowns
UBT vs. QLD - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for UBT and QLD. For additional features, visit the drawdowns tool.
Volatility
UBT vs. QLD - Volatility Comparison
The current volatility for ProShares Ultra 20+ Year Treasury (UBT) is 8.35%, while ProShares Ultra QQQ (QLD) has a volatility of 10.35%. This indicates that UBT experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.