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URSP vs. QLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

URSP vs. QLD

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra S&P 500 Equal Weight ETF (URSP) and ProShares Ultra QQQ (QLD).

URSP and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URSP is a passively managed fund by ProShares that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Aug 25, 2025. 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. Both URSP and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

URSP vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra S&P 500 Equal Weight ETF (URSP) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

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URSP vs. QLD - Yearly Performance Comparison

2026 (YTD)2025
URSP
ProShares Ultra S&P 500 Equal Weight ETF		-0.70%1.57%
QLD
ProShares Ultra QQQ		-13.35%12.06%

Returns By Period

In the year-to-date period, URSP achieves a -0.70% return, which is significantly higher than QLD's -13.35% return.

URSP

1D
3.91%
1M
-12.42%
YTD
-0.70%
6M
-0.13%
1Y
—
3Y*
—
5Y*
—
10Y*
—

QLD

1D
6.72%
1M
-10.26%
YTD
-13.35%
6M
-11.03%
1Y
37.53%
3Y*
35.41%
5Y*
15.27%
10Y*
29.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra S&P 500 Equal Weight ETF

ProShares Ultra QQQ

Often compared with URSP:
URSP vs. QQQURSP vs. RSPURSP vs. SSOURSP vs. TSMGURSP vs. MUUURSP vs. TQQQURSP vs. BRKW
Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY

URSP vs. QLD - Expense Ratio Comparison

Both URSP and QLD have an expense ratio of 0.95%.

URSP
ProShares Ultra S&P 500 Equal Weight ETF
QLD
ProShares Ultra QQQ

Return for Risk

URSP vs. QLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
URSP
QLD
QLD Risk / Return Rank: 5757
Overall Rank
QLD Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 5959
Sortino Ratio Rank
QLD Omega Ratio Rank: 5858
Omega Ratio Rank
QLD Calmar Ratio Rank: 6363
Calmar Ratio Rank
QLD Martin Ratio Rank: 5555
Martin Ratio Rank
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.

URSP vs. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

URSP vs. QLD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

URSPQLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.34

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

0.53

-0.47

Correlation

The correlation between URSP and QLD is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

URSP vs. QLD - Dividend Comparison

URSP's dividend yield for the trailing twelve months is around 0.69%, more than QLD's 0.19% yield.

TTM20252024202320222021202020192018201720162015
URSP
ProShares Ultra S&P 500 Equal Weight ETF		0.69%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QLD
ProShares Ultra QQQ		0.19%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%

Drawdowns

URSP vs. QLD - Drawdown Comparison

The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for URSP and QLD.

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Drawdown Indicators

URSPQLDDifference

Max Drawdown

Largest peak-to-trough decline

-15.72%

-83.13%

+67.41%

Max Drawdown (1Y)

Largest decline over 1 year

—

-25.13%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-63.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.68%

—

Current Drawdown

Current decline from peak

-12.42%

-20.10%

+7.68%

Average Drawdown

Average peak-to-trough decline

-3.06%

-18.30%

+15.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

7.67%

—

Volatility

URSP vs. QLD - Volatility Comparison

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Volatility by Period

URSPQLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

12.96%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

25.55%

—

Volatility (1Y)

Calculated over the trailing 1-year period

24.11%

44.91%

-20.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.11%

44.77%

-20.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.11%

44.47%

-20.36%