UVXY vs. SQQQ
Compare and contrast key facts about ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares UltraPro Short QQQ (SQQQ).
UVXY and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both UVXY and SQQQ 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: UVXY or SQQQ.
Key characteristics
| UVXY | SQQQ | |
|---|---|---|
| YTD Return | -52.56% | -50.54% |
| 1Y Return | -66.80% | -58.44% |
| 3Y Return (Ann) | -70.37% | -39.42% |
| 5Y Return (Ann) | -69.98% | -59.62% |
| 10Y Return (Ann) | -66.18% | -52.46% |
| Sharpe Ratio | -0.61 | -1.18 |
| Sortino Ratio | -0.91 | -2.13 |
| Omega Ratio | 0.90 | 0.77 |
| Calmar Ratio | -0.67 | -0.61 |
| Martin Ratio | -1.38 | -1.60 |
| Ulcer Index | 48.86% | 38.15% |
| Daily Std Dev | 110.14% | 51.93% |
| Max Drawdown | -100.00% | -100.00% |
| Current Drawdown | -100.00% | -100.00% |
Correlation
The correlation between UVXY and SQQQ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UVXY vs. SQQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with UVXY having a -52.56% return and SQQQ slightly higher at -50.54%. Over the past 10 years, UVXY has underperformed SQQQ with an annualized return of -66.18%, while SQQQ has yielded a comparatively higher -52.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UVXY vs. SQQQ - Expense Ratio Comparison
Both UVXY and SQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
UVXY vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) 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.
Dividends
UVXY vs. SQQQ - Dividend Comparison
UVXY has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 9.95%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 9.95% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
UVXY vs. SQQQ - Drawdown Comparison
The maximum UVXY drawdown since its inception was -100.00%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UVXY and SQQQ. For additional features, visit the drawdowns tool.
Volatility
UVXY vs. SQQQ - Volatility Comparison
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 26.62% compared to ProShares UltraPro Short QQQ (SQQQ) at 14.74%. This indicates that UVXY's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.