URTY vs. IQQQ

Last updated Jul 15, 2026

URTY (ProShares UltraPro Russell2000) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, URTY returned 91.38% vs 26.85% for IQQQ. A 0.68 correlation means they provide meaningful diversification when combined. URTY charges 0.95%/yr vs 0.55%/yr for IQQQ.

Performance

URTY vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) 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, URTY achieves a 54.65% return, which is significantly higher than IQQQ's 14.90% return.

URTY

• 1D: 1.05%
• 1M: 1.17%
• 6M: 30.03%
• YTD: 54.65%
• 1Y: 91.38%
• 3Y*: 24.04%
• 5Y*: -3.02%
• 10Y*: 7.33%

IQQQ

• 1D: 1.08%
• 1M: -0.58%
• 6M: 12.88%
• YTD: 14.90%
• 1Y: 26.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URTY vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URTY ProShares UltraPro Russell2000	54.65%	9.26%	11.07%
IQQQ ProShares Nasdaq-100 High Income ETF	14.90%	17.11%	14.82%

Correlation

The correlation between URTY and IQQQ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.68

The correlation between URTY and IQQQ has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.

Return for Risk

URTY vs. IQQQ — Risk / Return Rank

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

URTY

URTY Risk / Return Rank: 60
URTY Sharpe Ratio Rank: 59
URTY Sortino Ratio Rank: 55
URTY Omega Ratio Rank: 49
URTY Calmar Ratio Rank: 71
URTY Martin Ratio Rank: 65

IQQQ

IQQQ Risk / Return Rank: 56
IQQQ Sharpe Ratio Rank: 56
IQQQ Sortino Ratio Rank: 52
IQQQ Omega Ratio Rank: 52
IQQQ Calmar Ratio Rank: 61
IQQQ Martin Ratio Rank: 58

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.

URTY vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.

	URTY	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.53	+0.04
Sortino ratio: Return per unit of downside risk	2.16	2.04	+0.11
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	2.82	2.42	+0.40
Martin ratio: Return relative to average drawdown	9.24	7.99	+1.25

URTY vs. IQQQ - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 1.58, which is comparable to the IQQQ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of URTY 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

URTY vs. IQQQ - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for URTY and IQQQ.

Drawdown Indicators

	URTY	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-20.41%	-67.68%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-11.13%	-21.43%
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	—	—
Current Drawdown Current decline from peak	-36.33%	-3.51%	-32.82%
Average Drawdown Average peak-to-trough decline	-34.79%	-3.63%	-31.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.94%	3.37%	+6.57%

Volatility

URTY vs. IQQQ - Volatility Comparison

ProShares UltraPro Russell2000 (URTY) has a higher volatility of 11.66% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 7.33%. This indicates that URTY'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

	URTY	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.66%	7.33%	+4.33%
Volatility (6M) Calculated over the trailing 6-month period	42.38%	14.35%	+28.03%
Volatility (1Y) Calculated over the trailing 1-year period	58.32%	17.61%	+40.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.52%	19.15%	+48.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.23%	19.15%	+50.08%

URTY vs. IQQQ - Expense Ratio Comparison

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

Dividends

URTY vs. IQQQ - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.77%, less than IQQQ's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IQQQ ProShares Nasdaq-100 High Income ETF	5.20%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URTY ProShares UltraPro Russell2000	0.77%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both URTY and IQQQ in my portfolio?

URTY and IQQQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URTY or IQQQ?

URTY has higher volatility (11.66%) compared to IQQQ (7.33%). In terms of maximum drawdown, URTY dropped -88.09% vs IQQQ's -20.41%.

Which ETF is better, URTY or IQQQ?

On 1-year performance, URTY leads with 91.38% vs 26.85% for IQQQ. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 7.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URTY or IQQQ?

Over the 1-year period, URTY has performed better with a 91.38% return vs 26.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URTY or IQQQ?

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

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

IQQQ has the higher dividend yield at 5.20%, compared with 0.77% for URTY.

What is the main difference between URTY and IQQQ?

URTY is categorized as Leveraged Equities, while IQQQ is Nasdaq-100. URTY tracks Russell 2000 Index (300%), while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.95% for URTY and 0.55% for IQQQ.

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (1.58 vs 1.53), 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.