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URSP vs. SQQQ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

URSP vs. SQQQ

Last updated Apr 2, 2026

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

URSP and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both URSP and SQQQ 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. SQQQ - 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 UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

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URSP vs. SQQQ - Yearly Performance Comparison

2026 (YTD)2025
URSP
ProShares Ultra S&P 500 Equal Weight ETF		0.01%1.57%
SQQQ
ProShares UltraPro Short QQQ		13.99%-19.26%

Returns By Period

In the year-to-date period, URSP achieves a 0.01% return, which is significantly lower than SQQQ's 13.99% return.

URSP

1D
0.71%
1M
-11.43%
YTD
0.01%
6M
0.21%
1Y
—
3Y*
—
5Y*
—
10Y*
—

SQQQ

1D
-3.78%
1M
10.61%
YTD
13.99%
6M
6.42%
1Y
-56.13%
3Y*
-49.39%
5Y*
-42.70%
10Y*
-52.71%
*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 UltraPro Short QQQ

Often compared with URSP:
URSP vs. QQQURSP vs. RSPURSP vs. SSOURSP vs. XDSQURSP vs. TSMGURSP vs. MUUURSP vs. BRKW
Often compared with SQQQ:
SQQQ vs. TQQQSQQQ vs. QQQSQQQ vs. PSQSQQQ vs. SOXSSQQQ vs. UVXYSQQQ vs. SPXUSQQQ vs. QID

URSP vs. SQQQ - Expense Ratio Comparison

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

URSP
ProShares Ultra S&P 500 Equal Weight ETF
SQQQ
ProShares UltraPro Short QQQ

Return for Risk

URSP vs. SQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
URSP
SQQQ
SQQQ Risk / Return Rank: 22
Overall Rank
SQQQ Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SQQQ Sortino Ratio Rank: 11
Sortino Ratio Rank
SQQQ Omega Ratio Rank: 11
Omega Ratio Rank
SQQQ Calmar Ratio Rank: 11
Calmar Ratio Rank
SQQQ Martin Ratio Rank: 55
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. SQQQ - 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 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.

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

URSP vs. SQQQ - Sharpe Ratio Comparison

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Sharpe Ratios by Period

URSPSQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

-0.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.64

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

-0.85

+0.96

Correlation

The correlation between URSP and SQQQ is -0.57. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

URSP vs. SQQQ - Dividend Comparison

URSP's dividend yield for the trailing twelve months is around 0.68%, less than SQQQ's 5.99% yield.

TTM202520242023202220212020201920182017
URSP
ProShares Ultra S&P 500 Equal Weight ETF		0.68%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SQQQ
ProShares UltraPro Short QQQ		5.99%9.36%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%

Drawdowns

URSP vs. SQQQ - Drawdown Comparison

The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for URSP and SQQQ.

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Drawdown Indicators

URSPSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-15.72%

-100.00%

+84.28%

Max Drawdown (1Y)

Largest decline over 1 year

—

-75.23%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-95.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.96%

—

Current Drawdown

Current decline from peak

-11.80%

-100.00%

+88.20%

Average Drawdown

Average peak-to-trough decline

-3.12%

-92.32%

+89.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

65.40%

—

Volatility

URSP vs. SQQQ - Volatility Comparison

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Volatility by Period

URSPSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

19.98%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

38.23%

—

Volatility (1Y)

Calculated over the trailing 1-year period

24.04%

67.38%

-43.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.04%

66.65%

-42.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.04%

65.97%

-41.93%