UOPIX vs. QLD
UOPIX (ProFunds UltraNASDAQ-100 Fund) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds. Over the past 10 years, UOPIX returned 34.97%/yr vs 37.21%/yr for QLD. With a 0.99 correlation, they move nearly in lockstep. UOPIX charges 1.47%/yr vs 0.95%/yr for QLD.
Performance
UOPIX vs. QLD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UOPIX having a 38.91% return and QLD slightly lower at 38.76%. Over the past 10 years, UOPIX has underperformed QLD with an annualized return of 34.97%, while QLD has yielded a comparatively higher 37.21% annualized return.
UOPIX
- 1D
- 4.94%
- 1M
- 5.28%
- YTD
- 38.91%
- 6M
- 36.39%
- 1Y
- 82.89%
- 3Y*
- 44.92%
- 5Y*
- 22.80%
- 10Y*
- 34.97%
QLD
- 1D
- -0.23%
- 1M
- 4.92%
- YTD
- 38.76%
- 6M
- 36.36%
- 1Y
- 82.33%
- 3Y*
- 46.92%
- 5Y*
- 23.39%
- 10Y*
- 37.21%
UOPIX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 38.91% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
QLD ProShares Ultra QQQ | 38.76% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between UOPIX and QLD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | 0.99 |
The correlation between UOPIX and QLD has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
UOPIX vs. QLD — Risk / Return Rank
UOPIX
QLD
UOPIX vs. QLD - Risk-Adjusted Trends 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.
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.
| UOPIX | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.29 | -0.02 |
| Martin ratioReturn relative to average drawdown | 11.24 | 11.19 | +0.04 |
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Drawdowns
UOPIX vs. QLD - Drawdown Comparison
The maximum UOPIX drawdown since its inception was -99.00%, 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.
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Drawdown Indicators
| UOPIX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.00% | -83.13% | -15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -24.97% | -25.13% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -42.52% | -42.29% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -65.01% | -63.68% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -65.01% | -63.68% | -1.33% |
Current DrawdownCurrent decline from peak | -2.46% | -2.83% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -67.60% | -18.14% | -49.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 7.38% | -0.12% |
Volatility
UOPIX vs. QLD - Volatility Comparison
ProFunds UltraNASDAQ-100 Fund (UOPIX) and ProShares Ultra QQQ (QLD) have volatilities of 17.05% and 16.77%, 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.
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Volatility by Period
| UOPIX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.05% | 16.77% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 28.72% | 28.19% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.37% | 35.17% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.58% | 45.24% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.41% | 44.82% | -0.41% |
UOPIX vs. QLD - Expense Ratio Comparison
UOPIX has a 1.47% expense ratio, which is higher than QLD's 0.95% expense ratio.
Dividends
UOPIX vs. QLD - Dividend Comparison
UOPIX's dividend yield for the trailing twelve months is around 13.15%, more than QLD's 0.12% yield.
| 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% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 13.15% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, UOPIX and QLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UOPIX has higher volatility (17.05%) compared to QLD (16.77%). In terms of maximum drawdown, UOPIX dropped -99.00% vs QLD's -83.13%.
QLD currently has the higher Sharpe Ratio (2.36 vs 2.31), 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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