ULE vs. QQQ
Compare and contrast key facts about ProShares Ultra Euro (ULE) and Invesco QQQ (QQQ).
ULE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULE is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both ULE and QQQ 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: ULE or QQQ.
Correlation
The correlation between ULE and QQQ is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ULE vs. QQQ - Performance Comparison
Key characteristics
ULE:
-0.89
QQQ:
1.56
ULE:
-1.14
QQQ:
2.09
ULE:
0.86
QQQ:
1.28
ULE:
-0.17
QQQ:
2.07
ULE:
-1.98
QQQ:
7.35
ULE:
5.87%
QQQ:
3.81%
ULE:
13.11%
QQQ:
17.96%
ULE:
-72.74%
QQQ:
-82.98%
ULE:
-69.42%
QQQ:
-4.10%
Returns By Period
In the year-to-date period, ULE achieves a -1.31% return, which is significantly lower than QQQ's 0.79% return. Over the past 10 years, ULE has underperformed QQQ with an annualized return of -5.99%, while QQQ has yielded a comparatively higher 18.48% annualized return.
ULE
-1.31%
-5.06%
-9.72%
-11.20%
-5.34%
-5.99%
QQQ
0.79%
-1.20%
2.76%
27.75%
19.56%
18.48%
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ULE vs. QQQ - Expense Ratio Comparison
ULE has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ULE vs. QQQ — Risk-Adjusted Performance Rank
ULE
QQQ
ULE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) and Invesco QQQ (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.
Dividends
ULE vs. QQQ - Dividend Comparison
ULE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULE ProShares Ultra Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ULE vs. QQQ - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ULE and QQQ. For additional features, visit the drawdowns tool.
Volatility
ULE vs. QQQ - Volatility Comparison
The current volatility for ProShares Ultra Euro (ULE) is 4.36%, while Invesco QQQ (QQQ) has a volatility of 6.12%. This indicates that ULE 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.