URE vs. SQQQ
URE (ProShares Ultra Real Estate) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, URE returned 2.23%/yr vs -54.51%/yr for SQQQ. Their -0.49 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
URE vs. SQQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URE achieves a 23.35% return, which is significantly higher than SQQQ's -38.05% return. Over the past 10 years, URE has outperformed SQQQ with an annualized return of 2.23%, while SQQQ has yielded a comparatively lower -54.51% annualized return.
URE
- 1D
- 0.70%
- 1M
- 1.91%
- 6M
- 20.58%
- YTD
- 23.35%
- 1Y
- 18.25%
- 3Y*
- 11.31%
- 5Y*
- -3.92%
- 10Y*
- 2.23%
- ALL TIME*
- -3.04%
SQQQ
- 1D
- -5.26%
- 1M
- 3.70%
- 6M
- -34.63%
- YTD
- -38.05%
- 1Y
- -54.82%
- 3Y*
- -52.10%
- 5Y*
- -44.80%
- 10Y*
- -54.51%
- ALL TIME*
- -52.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.77B | $2.43B | $2.72B | |
| $611.02K | $406.79K | $255.52K |
URE vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 23.35% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | -28.06% | 57.86% | -13.80% | 16.56% |
SQQQ ProShares UltraPro Short QQQ | -38.05% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between URE and SQQQ is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.49 |
The correlation between URE and SQQQ shifts across timeframes, from -0.49 (all time) to 0.01 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URE vs. SQQQ — Risk / Return Rank
URE
SQQQ
URE vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.84 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.92 | +2.03 |
| Martin ratioReturn relative to average drawdown | 3.05 | -1.65 | +4.69 |
Loading charts...
Drawdowns
URE vs. SQQQ - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for URE and SQQQ.
Loading charts...
Drawdown Indicators
| URE | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -100.00% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -59.62% | +43.12% |
Max Drawdown (3Y)Largest decline over 3 years | -33.77% | -92.51% | +58.74% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | -97.27% | +33.61% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -99.97% | +29.48% |
Current DrawdownCurrent decline from peak | -48.78% | -100.00% | +51.22% |
Average DrawdownAverage peak-to-trough decline | -64.38% | -92.78% | +28.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 35.25% | -29.24% |
Volatility
URE vs. SQQQ - Volatility Comparison
The current volatility for ProShares Ultra Real Estate (URE) is 8.67%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 21.07%. This indicates that URE experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| URE | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 21.07% | -12.40% |
Volatility (6M)Calculated over the trailing 6-month period | 22.10% | 48.20% | -26.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.02% | 57.95% | -29.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.52% | 68.24% | -30.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 66.78% | -26.10% |
URE vs. SQQQ - Expense Ratio Comparison
Both URE and SQQQ have an expense ratio of 0.95%.
Dividends
URE vs. SQQQ - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.98%, less than SQQQ's 9.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 9.64% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
URE ProShares Ultra Real Estate | 1.98% | 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
URE and SQQQ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (21.07%) compared to URE (8.67%). In terms of maximum drawdown, URE dropped -97.16% vs SQQQ's -100.00%.
On 10-year performance, URE leads with 2.23% vs -54.51% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, URE has been the lower-risk option at 8.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, URE has performed better with a 2.23% return vs -54.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URE and SQQQ have the same expense ratio: 0.95% per year.
SQQQ has the higher dividend yield at 9.64%, compared with 1.98% for URE.
URE is categorized as REIT, while SQQQ is Leveraged Equities. URE tracks Dow Jones U.S. Real Estate Index (200%), while SQQQ tracks NASDAQ-100 Index (-300%).
URE currently has the higher Sharpe Ratio (0.66 vs -0.95), 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.
Find the right allocation for URE and SQQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer