UOPIX vs. QLD
Compare and contrast key facts about ProFunds UltraNASDAQ-100 Fund (UOPIX) and ProShares Ultra QQQ (QLD).
UOPIX is managed by ProFunds. It was launched on Nov 30, 1997. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UOPIX or QLD.
Key characteristics
| UOPIX | QLD | |
|---|---|---|
| YTD Return | 44.97% | 45.67% |
| 1Y Return | 68.56% | 69.66% |
| 3Y Return (Ann) | 3.34% | 8.14% |
| 5Y Return (Ann) | 22.46% | 32.57% |
| 10Y Return (Ann) | 23.33% | 29.61% |
| Sharpe Ratio | 2.16 | 2.21 |
| Sortino Ratio | 2.63 | 2.67 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.01 | 2.63 |
| Martin Ratio | 9.40 | 9.62 |
| Ulcer Index | 8.10% | 8.01% |
| Daily Std Dev | 35.06% | 34.76% |
| Max Drawdown | -98.91% | -83.13% |
| Current Drawdown | 0.00% | -0.13% |
Correlation
The correlation between UOPIX and QLD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UOPIX vs. QLD - Performance Comparison
The year-to-date returns for both investments are quite close, with UOPIX having a 44.97% return and QLD slightly higher at 45.67%. Over the past 10 years, UOPIX has underperformed QLD with an annualized return of 23.33%, while QLD has yielded a comparatively higher 29.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UOPIX vs. QLD - Expense Ratio Comparison
UOPIX has a 1.47% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
UOPIX vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraNASDAQ-100 Fund (UOPIX) 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
UOPIX vs. QLD - Dividend Comparison
UOPIX's dividend yield for the trailing twelve months is around 0.40%, more than QLD's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
UOPIX vs. QLD - Drawdown Comparison
The maximum UOPIX drawdown since its inception was -98.91%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for UOPIX and QLD. For additional features, visit the drawdowns tool.
Volatility
UOPIX vs. QLD - Volatility Comparison
ProFunds UltraNASDAQ-100 Fund (UOPIX) and ProShares Ultra QQQ (QLD) have volatilities of 10.33% and 10.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.