URE vs. IQQQ

Last updated Jun 26, 2026

URE (ProShares Ultra Real Estate) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, URE returned 15.47% vs 29.47% for IQQQ. At a 0.20 correlation, their price movements are largely independent. URE charges 0.95%/yr vs 0.55%/yr for IQQQ.

Performance

URE vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Real Estate (URE) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URE achieves a 20.85% return, which is significantly higher than IQQQ's 13.95% return.

URE

• 1D: 0.19%
• 1M: 0.20%
• YTD: 20.85%
• 6M: 20.09%
• 1Y: 15.47%
• 3Y*: 11.11%
• 5Y*: -3.22%
• 10Y*: 3.29%

IQQQ

• 1D: 0.87%
• 1M: -2.10%
• YTD: 13.95%
• 6M: 12.28%
• 1Y: 29.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URE vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URE ProShares Ultra Real Estate	20.85%	-3.65%	7.93%
IQQQ ProShares Nasdaq-100 High Income ETF	13.95%	17.11%	14.82%

Correlation

The correlation between URE and IQQQ is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.20

The correlation between URE and IQQQ shifts across timeframes, from 0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

URE vs. IQQQ — Risk / Return Rank

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

URE

URE Risk / Return Rank: 19
URE Sharpe Ratio Rank: 18
URE Sortino Ratio Rank: 18
URE Omega Ratio Rank: 18
URE Calmar Ratio Rank: 22
URE Martin Ratio Rank: 21

IQQQ

IQQQ Risk / Return Rank: 58
IQQQ Sharpe Ratio Rank: 61
IQQQ Sortino Ratio Rank: 54
IQQQ Omega Ratio Rank: 56
IQQQ Calmar Ratio Rank: 62
IQQQ Martin Ratio Rank: 59

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.

URE vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

	URE	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.74	-1.18
Sortino ratio: Return per unit of downside risk	0.92	2.28	-1.36
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.94	2.66	-1.72
Martin ratio: Return relative to average drawdown	2.28	9.05	-6.76

URE vs. IQQQ - Sharpe Ratio Comparison

The current URE Sharpe Ratio is 0.56, which is lower than the IQQQ Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of URE and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URE vs. IQQQ - Drawdown Comparison

The maximum URE drawdown since its inception was -97.16%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for URE and IQQQ.

Drawdown Indicators

	URE	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-97.16%	-20.41%	-76.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-11.13%	-5.37%
Max Drawdown (3Y) Largest decline over 3 years	-33.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.49%	—	—
Current Drawdown Current decline from peak	-49.82%	-4.31%	-45.51%
Average Drawdown Average peak-to-trough decline	-64.46%	-3.63%	-60.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	3.27%	+3.52%

Volatility

URE vs. IQQQ - Volatility Comparison

ProShares Ultra Real Estate (URE) has a higher volatility of 10.64% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 8.20%. This indicates that URE's price experiences larger fluctuations and is considered to be riskier than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URE	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.64%	8.20%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	21.24%	13.57%	+7.67%
Volatility (1Y) Calculated over the trailing 1-year period	28.03%	17.00%	+11.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.43%	19.06%	+18.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.62%	19.06%	+21.56%

URE vs. IQQQ - Expense Ratio Comparison

URE has a 0.95% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

URE vs. IQQQ - Dividend Comparison

URE's dividend yield for the trailing twelve months is around 2.02%, less than IQQQ's 4.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQQ ProShares Nasdaq-100 High Income ETF	4.61%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URE ProShares Ultra Real Estate	2.02%	2.42%	2.09%	1.32%	1.26%	0.58%	0.94%	1.10%	1.53%	0.93%	0.96%	0.81%

Frequently Asked Questions

Can I hold both URE and IQQQ in my portfolio?

URE and IQQQ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URE or IQQQ?

URE has higher volatility (10.64%) compared to IQQQ (8.20%). In terms of maximum drawdown, URE dropped -97.16% vs IQQQ's -20.41%.

Which ETF is better, URE or IQQQ?

On 1-year performance, IQQQ leads with 29.47% vs 15.47% for URE. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 8.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URE or IQQQ?

Over the 1-year period, IQQQ has performed better with a 29.47% return vs 15.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URE or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.95% for URE.

Which ETF pays a higher dividend yield, URE or IQQQ?

IQQQ has the higher dividend yield at 4.61%, compared with 2.02% for URE.

What is the main difference between URE and IQQQ?

URE is categorized as REIT, while IQQQ is Nasdaq-100. URE tracks Dow Jones U.S. Real Estate Index (200%), while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.95% for URE and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.74 vs 0.56), 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.