URTY vs. QQQ

Last updated Aug 4, 2026

URTY (ProShares UltraPro Russell2000) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, URTY returned 6.75%/yr vs 20.46%/yr for QQQ. Their 0.74 correlation means they have sometimes moved together and sometimes differently. URTY charges 0.95%/yr vs 0.18%/yr for QQQ.

Performance

URTY vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URTY achieves a 55.97% return, which is significantly higher than QQQ's 14.23% return. Over the past 10 years, URTY has underperformed QQQ with an annualized return of 6.75%, while QQQ has yielded a comparatively higher 20.46% annualized return.

URTY

• 1D: 5.14%
• 1M: -2.55%
• 6M: 31.22%
• YTD: 55.97%
• 1Y: 118.59%
• 3Y*: 23.05%
• 5Y*: -2.82%
• 10Y*: 6.75%
• ALL TIME*: 14.07%

QQQ

• 1D: 1.76%
• 1M: -1.76%
• 6M: 12.07%
• YTD: 14.23%
• 1Y: 27.00%
• 3Y*: 24.17%
• 5Y*: 14.45%
• 10Y*: 20.46%
• ALL TIME*: 10.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQ Invesco QQQ ETF	$31.40B	$28.17B	$31.69B
URTY ProShares UltraPro Russell2000	$35.77M	$36.50M	$68.68M

URTY vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URTY ProShares UltraPro Russell2000	55.97%	9.26%	7.38%	24.43%	-62.81%	28.47%	-7.72%	72.37%	-39.59%	38.85%
QQQ Invesco QQQ ETF	14.23%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between URTY and QQQ is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.74

The correlation between URTY and QQQ has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

URTY vs. QQQ - Sectors Allocation Comparison

Sectors	URTY	QQQ
Healthcare	20.2%	3.6%
Financial Services	17.7%	0.2%
Technology	14.8%	60.9%
Industrials	14.1%	2.7%
Consumer Cyclical	9.2%	10.7%
Real Estate	6.7%	0.1%
Energy	5.4%	0.5%
Basic Materials	4.4%	1.0%
Utilities	2.7%	1.1%
Consumer Defensive	2.6%	6.3%
Communication Services	2.2%	13.1%

Return for Risk

URTY vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

URTY

URTY Risk / Return Rank: 81
URTY Sharpe Ratio Rank: 85
URTY Sortino Ratio Rank: 77
URTY Omega Ratio Rank: 71
URTY Calmar Ratio Rank: 88
URTY Martin Ratio Rank: 84

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 55
QQQ Calmar Ratio Rank: 64
QQQ Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

URTY vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.40	+0.66
Sortino ratio: Return per unit of downside risk	2.56	1.95	+0.61
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	3.66	2.27	+1.40
Martin ratio: Return relative to average drawdown	12.00	7.21	+4.80

URTY vs. QQQ - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 2.06, which is higher than the QQQ Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of URTY and QQQ, 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. QQQ - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for URTY and QQQ.

Drawdown Indicators

	URTY	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-82.97%	-5.12%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-11.96%	-20.60%
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	-22.77%	-43.08%
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	-35.12%	-47.64%
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	-35.12%	-52.97%
Current Drawdown Current decline from peak	-35.79%	-6.07%	-29.72%
Average Drawdown Average peak-to-trough decline	-34.80%	-32.61%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.92%	3.76%	+6.16%

Volatility

URTY vs. QQQ - Volatility Comparison

ProShares UltraPro Russell2000 (URTY) has a higher volatility of 12.57% compared to Invesco QQQ ETF (QQQ) at 6.96%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URTY	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	6.96%	+5.61%
Volatility (6M) Calculated over the trailing 6-month period	42.24%	16.12%	+26.12%
Volatility (1Y) Calculated over the trailing 1-year period	57.90%	19.37%	+38.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.36%	22.92%	+44.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.28%	22.51%	+46.77%

URTY vs. QQQ - Expense Ratio Comparison

URTY has a 0.95% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

URTY vs. QQQ - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.76%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
URTY ProShares UltraPro Russell2000	0.76%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%	0.00%

Frequently Asked Questions

Can I hold both URTY and QQQ in my portfolio?

URTY and QQQ have a correlation of 0.70, 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 QQQ?

URTY has higher volatility (12.57%) compared to QQQ (6.96%). In terms of maximum drawdown, URTY dropped -88.09% vs QQQ's -82.97%.

Which ETF is better, URTY or QQQ?

On 10-year performance, QQQ leads with 20.46% vs 6.75% for URTY. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URTY or QQQ?

Over the 10-year period, QQQ has performed better with a 20.46% return vs 6.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URTY or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.95% for URTY.

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

URTY has the higher dividend yield at 0.76%, compared with 0.43% for QQQ.

What is the main difference between URTY and QQQ?

URTY is categorized as Leveraged Equities, while QQQ is Nasdaq-100. URTY tracks Russell 2000 Index (300%), while QQQ tracks NASDAQ-100 Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for URTY and 0.18% for QQQ.

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (2.06 vs 1.40), 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.