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URTY vs. TQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

URTY vs. TQQQ

Last updated Aug 2, 2026
Documentation

URTY (ProShares UltraPro Russell2000) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares - URTY tracks the Russell 2000 Index (300%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, URTY returned 6.97%/yr vs 39.46%/yr for TQQQ. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.

Performance

URTY vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) and ProShares UltraPro QQQ (TQQQ). 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 48.35% return, which is significantly higher than TQQQ's 23.06% return. Over the past 10 years, URTY has underperformed TQQQ with an annualized return of 6.97%, while TQQQ has yielded a comparatively higher 39.46% annualized return.

URTY

1D
-1.52%
1M
-7.31%
6M
28.38%
YTD
48.35%
1Y
107.90%
3Y*
18.70%
5Y*
-4.58%
10Y*
6.97%
ALL TIME*
13.73%

TQQQ

1D
2.09%
1M
-11.90%
6M
20.14%
YTD
23.06%
1Y
56.87%
3Y*
43.81%
5Y*
15.36%
10Y*
39.46%
ALL TIME*
42.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

TQQQ

ProShares UltraPro QQQ
$4.37B$4.57B$5.33B

URTY

ProShares UltraPro Russell2000
$35.46M$36.95M$69.44M

URTY vs. TQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
URTY
ProShares UltraPro Russell2000		48.35%9.26%7.38%24.43%-62.81%28.47%-7.72%72.37%-39.59%38.85%
TQQQ
ProShares UltraPro QQQ		23.06%34.35%58.27%198.04%-79.09%82.98%110.05%133.84%-19.79%118.06%

Correlation

The correlation between URTY and TQQQ is 0.71, 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.

0.71

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

URTY vs. TQQQ - Sectors Allocation Comparison

Sectors
URTY
TQQQ

Healthcare

20.2%
4.2%

Financial Services

17.7%
0.2%

Technology

14.8%
53.8%

Industrials

14.1%
2.8%

Consumer Cyclical

9.2%
12.3%

Real Estate

6.7%
0.1%

Energy

5.4%
0.6%

Basic Materials

4.4%
1.1%

Utilities

2.7%
1.4%

Consumer Defensive

2.6%
7.7%

Communication Services

2.2%
15.8%

Healthcare

URTY
20.2%
TQQQ
4.2%

Financial Services

URTY
17.7%
TQQQ
0.2%

Technology

URTY
14.8%
TQQQ
53.8%

Industrials

URTY
14.1%
TQQQ
2.8%

Consumer Cyclical

URTY
9.2%
TQQQ
12.3%

Real Estate

URTY
6.7%
TQQQ
0.1%

Energy

URTY
5.4%
TQQQ
0.6%

Basic Materials

URTY
4.4%
TQQQ
1.1%

Utilities

URTY
2.7%
TQQQ
1.4%

Consumer Defensive

URTY
2.6%
TQQQ
7.7%

Communication Services

URTY
2.2%
TQQQ
15.8%

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 QQQ

Often compared with URTY:
URTY vs. TNAURTY vs. SRTYURTY vs. UWMURTY vs. SAAURTY vs. UPROURTY vs. JNUGURTY vs. SPXL
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. UPROTQQQ vs. SPXLTQQQ vs. TECL

Return for Risk

URTY vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
URTY
URTY Risk / Return Rank: 7272
Overall Rank
URTY Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
URTY Sortino Ratio Rank: 6868
Sortino Ratio Rank
URTY Omega Ratio Rank: 6262
Omega Ratio Rank
URTY Calmar Ratio Rank: 8181
Calmar Ratio Rank
URTY Martin Ratio Rank: 7676
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 3636
Overall Rank
TQQQ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 3737
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 3636
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 3737
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 3636
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. TQQQ - Risk-Adjusted Trends Comparison

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

URTYTQQQDifference
Sharpe ratioReturn per unit of total volatility
1.64
0.83

+0.82

Sortino ratioReturn per unit of downside risk
2.22
1.38

+0.84

Omega ratioGain probability vs. loss probability

1.26

1.17

+0.09

Calmar ratioReturn relative to maximum drawdown

2.93

1.29

+1.64

Martin ratioReturn relative to average drawdown

9.60

3.60

+6.00

URTY vs. TQQQ - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 1.64, which is higher than the TQQQ Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of URTY and TQQQ, 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. TQQQ - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for URTY and TQQQ.

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Drawdown Indicators

URTYTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-88.09%

-81.66%

-6.43%

Max Drawdown (1Y)

Largest decline over 1 year

-32.56%

-36.97%

+4.41%

Max Drawdown (3Y)

Largest decline over 3 years

-65.85%

-58.04%

-7.81%

Max Drawdown (5Y)

Largest decline over 5 years

-82.76%

-81.66%

-1.10%

Max Drawdown (10Y)

Largest decline over 10 years

-88.09%

-81.66%

-6.43%

Current Drawdown

Current decline from peak

-38.93%

-25.74%

-13.19%

Average Drawdown

Average peak-to-trough decline

-34.80%

-18.49%

-16.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.92%

13.24%

-3.32%

Volatility

URTY vs. TQQQ - Volatility Comparison

The current volatility for ProShares UltraPro Russell2000 (URTY) is 11.48%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. This indicates that URTY experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

URTYTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.48%

20.41%

-8.93%

Volatility (6M)

Calculated over the trailing 6-month period

42.22%

47.79%

-5.57%

Volatility (1Y)

Calculated over the trailing 1-year period

58.06%

57.62%

+0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.30%

68.04%

-0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

69.25%

66.57%

+2.68%

URTY vs. TQQQ - Expense Ratio Comparison

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

Dividends

URTY vs. TQQQ - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.80%, more than TQQQ's 0.58% yield.

PositionTTM20252024202320222021202020192018201720162015
TQQQ
ProShares UltraPro QQQ		0.58%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%
URTY
ProShares UltraPro Russell2000		0.80%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

URTY and TQQQ 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.

TQQQ has higher volatility (20.41%) compared to URTY (11.48%). In terms of maximum drawdown, URTY dropped -88.09% vs TQQQ's -81.66%.

On 10-year performance, TQQQ leads with 39.46% vs 6.97% for URTY. Both ETFs have the same 0.95% expense ratio. On volatility, URTY has been the lower-risk option at 11.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TQQQ has performed better with a 39.46% return vs 6.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

URTY has the higher dividend yield at 0.80%, compared with 0.58% for TQQQ.

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

URTY currently has the higher Sharpe Ratio (1.64 vs 0.83), 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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