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URTY vs. SQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

URTY vs. SQQQ

Last updated Aug 4, 2026
Documentation

URTY (ProShares UltraPro Russell2000) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - URTY tracks the Russell 2000 Index (300%) while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, URTY returned 6.75%/yr vs -54.51%/yr for SQQQ. Their -0.74 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.

Performance

URTY vs. SQQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, URTY achieves a 55.97% return, which is significantly higher than SQQQ's -38.05% return. Over the past 10 years, URTY has outperformed SQQQ with an annualized return of 6.75%, while SQQQ has yielded a comparatively lower -54.51% 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%

SQQQ

1D
-5.26%
1M
3.70%
6M
-34.63%
YTD
-38.05%
1Y
-54.82%
3Y*
-52.10%
5Y*
-44.80%
10Y*
-54.51%
ALL TIME*
-52.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SQQQ

ProShares UltraPro Short QQQ
$2.77B$2.43B$2.72B

URTY

ProShares UltraPro Russell2000
$35.77M$36.50M$68.68M

URTY vs. SQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
URTY
ProShares UltraPro Russell2000		55.97%9.26%7.38%24.43%-62.81%28.47%-7.72%72.37%-39.59%38.85%
SQQQ
ProShares UltraPro Short QQQ		-38.05%-53.05%-49.79%-73.61%82.40%-60.87%-86.40%-65.92%-20.83%-58.67%

Correlation

The correlation between URTY and SQQQ is -0.71, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.71

Correlation (3Y)
Balances recent behavior with more history.

-0.67

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 SQQQ has been stable across timeframes, ranging from -0.74 to -0.67 - a consistent structural relationship.

URTY vs. SQQQ - Sectors Allocation Comparison

Sectors
URTY
SQQQ

Healthcare

20.2%

-

Financial Services

17.7%
89.7%

Technology

14.8%

-

Industrials

14.1%

-

Consumer Cyclical

9.2%

-

Real Estate

6.7%

-

Energy

5.4%

-

Basic Materials

4.4%

-

Utilities

2.7%

-

Consumer Defensive

2.6%

-

Communication Services

2.2%

-

Healthcare

URTY
20.2%
SQQQ

-

Financial Services

URTY
17.7%
SQQQ
89.7%

Technology

URTY
14.8%
SQQQ

-

Industrials

URTY
14.1%
SQQQ

-

Consumer Cyclical

URTY
9.2%
SQQQ

-

Real Estate

URTY
6.7%
SQQQ

-

Energy

URTY
5.4%
SQQQ

-

Basic Materials

URTY
4.4%
SQQQ

-

Utilities

URTY
2.7%
SQQQ

-

Consumer Defensive

URTY
2.6%
SQQQ

-

Communication Services

URTY
2.2%
SQQQ

-

Compare stocks, funds, or ETFs

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

ProShares UltraPro Russell2000

ProShares UltraPro Short QQQ

Often compared with URTY:
URTY vs. TNAURTY vs. SRTYURTY vs. UWMURTY vs. TQQQURTY vs. SAAURTY vs. UPROURTY vs. JNUG
Often compared with SQQQ:
SQQQ vs. TQQQSQQQ vs. QQQSQQQ vs. PSQSQQQ vs. SOXSSQQQ vs. SPXUSQQQ vs. QIDSQQQ vs. UVXY

Return for Risk

URTY vs. SQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
URTY
URTY Risk / Return Rank: 8181
Overall Rank
URTY Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
URTY Sortino Ratio Rank: 7777
Sortino Ratio Rank
URTY Omega Ratio Rank: 7171
Omega Ratio Rank
URTY Calmar Ratio Rank: 8888
Calmar Ratio Rank
URTY Martin Ratio Rank: 8484
Martin Ratio Rank
SQQQ
SQQQ Risk / Return Rank: 11
Overall Rank
SQQQ Sharpe Ratio Rank: 22
Sharpe Ratio Rank
SQQQ Sortino Ratio Rank: 22
Sortino Ratio Rank
SQQQ Omega Ratio Rank: 22
Omega Ratio Rank
SQQQ Calmar Ratio Rank: 11
Calmar Ratio Rank
SQQQ Martin Ratio Rank: 00
Martin Ratio Rank
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. SQQQ - Risk-Adjusted Trends Comparison

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

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.

URTYSQQQDifference
Sharpe ratioReturn per unit of total volatility
2.06
-0.95

+3.01

Sortino ratioReturn per unit of downside risk
2.56
-1.51

+4.07

Omega ratioGain probability vs. loss probability

1.30

0.84

+0.47

Calmar ratioReturn relative to maximum drawdown

3.66

-0.92

+4.58

Martin ratioReturn relative to average drawdown

12.00

-1.65

+13.65

URTY vs. SQQQ - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 2.06, which is higher than the SQQQ Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of URTY and SQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

URTY vs. SQQQ - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for URTY and SQQQ.

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Drawdown Indicators

URTYSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-88.09%

-100.00%

+11.91%

Max Drawdown (1Y)

Largest decline over 1 year

-32.56%

-59.62%

+27.06%

Max Drawdown (3Y)

Largest decline over 3 years

-65.85%

-92.51%

+26.66%

Max Drawdown (5Y)

Largest decline over 5 years

-82.76%

-97.27%

+14.51%

Max Drawdown (10Y)

Largest decline over 10 years

-88.09%

-99.97%

+11.88%

Current Drawdown

Current decline from peak

-35.79%

-100.00%

+64.21%

Average Drawdown

Average peak-to-trough decline

-34.80%

-92.78%

+57.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.92%

35.25%

-25.33%

Volatility

URTY vs. SQQQ - Volatility Comparison

The current volatility for ProShares UltraPro Russell2000 (URTY) is 12.57%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 21.07%. This indicates that URTY experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

URTYSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.57%

21.07%

-8.50%

Volatility (6M)

Calculated over the trailing 6-month period

42.24%

48.20%

-5.96%

Volatility (1Y)

Calculated over the trailing 1-year period

57.90%

57.95%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.36%

68.24%

-0.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

69.28%

66.78%

+2.50%

URTY vs. SQQQ - Expense Ratio Comparison

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

Dividends

URTY vs. SQQQ - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.76%, less than SQQQ's 9.64% yield.

PositionTTM2025202420232022202120202019201820172016
SQQQ
ProShares UltraPro Short QQQ		9.64%9.36%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%0.00%
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%

Frequently Asked Questions

URTY and SQQQ have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SQQQ has higher volatility (21.07%) compared to URTY (12.57%). In terms of maximum drawdown, URTY dropped -88.09% vs SQQQ's -100.00%.

On 10-year performance, URTY leads with 6.75% vs -54.51% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, URTY has been the lower-risk option at 12.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, URTY has performed better with a 6.75% return vs -54.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

URTY and SQQQ have the same expense ratio: 0.95% per year.

SQQQ has the higher dividend yield at 9.64%, compared with 0.76% for URTY.

URTY tracks Russell 2000 Index (300%), while SQQQ tracks NASDAQ-100 Index (-300%).

URTY currently has the higher Sharpe Ratio (2.06 vs -0.95), 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.

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