URTY vs. QQQ
Compare and contrast key facts about ProShares UltraPro Russell2000 (URTY) and Invesco QQQ (QQQ).
URTY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (300%). It was launched on Feb 9, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both URTY and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URTY or QQQ.
Performance
URTY vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, URTY achieves a 30.50% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, URTY has underperformed QQQ with an annualized return of 3.17%, while QQQ has yielded a comparatively higher 18.03% annualized return.
URTY
30.50%
16.07%
37.38%
83.66%
-3.77%
3.17%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| URTY | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.78 |
| Sortino Ratio | 2.02 | 2.37 |
| Omega Ratio | 1.24 | 1.32 |
| Calmar Ratio | 1.16 | 2.28 |
| Martin Ratio | 6.71 | 8.27 |
| Ulcer Index | 12.97% | 3.73% |
| Daily Std Dev | 62.67% | 17.37% |
| Max Drawdown | -88.09% | -82.98% |
| Current Drawdown | -54.21% | -1.78% |
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URTY vs. QQQ - Expense Ratio Comparison
URTY has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between URTY and QQQ is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
URTY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) and Invesco QQQ (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.
Dividends
URTY vs. QQQ - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.68%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 0.68% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.27% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 -82.98%. Use the drawdown chart below to compare losses from any high point for URTY and QQQ. For additional features, visit the drawdowns tool.
Volatility
URTY vs. QQQ - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 21.95% compared to Invesco QQQ (QQQ) at 5.41%. 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.