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UVXY vs. SQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

UVXY vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-100.00%
UVXY
SQQQ

Returns By Period

In the year-to-date period, UVXY achieves a -45.33% return, which is significantly higher than SQQQ's -47.90% return. Over the past 10 years, UVXY has underperformed SQQQ with an annualized return of -65.69%, while SQQQ has yielded a comparatively higher -52.11% annualized return.


UVXY

YTD

-45.33%

1M

-11.34%

6M

-9.32%

1Y

-56.76%

5Y (annualized)

-69.02%

10Y (annualized)

-65.69%

SQQQ

YTD

-47.90%

1M

-5.01%

6M

-29.06%

1Y

-55.26%

5Y (annualized)

-59.31%

10Y (annualized)

-52.11%

Key characteristics


UVXYSQQQ
Sharpe Ratio-0.52-1.04
Sortino Ratio-0.50-1.74
Omega Ratio0.940.81
Calmar Ratio-0.58-0.54
Martin Ratio-1.26-1.40
Ulcer Index46.20%38.96%
Daily Std Dev110.95%52.15%
Max Drawdown-100.00%-100.00%
Current Drawdown-100.00%-100.00%

Compare stocks, funds, or ETFs

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UVXY vs. SQQQ - Expense Ratio Comparison

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


UVXY
ProShares Ultra VIX Short-Term Futures ETF
Expense ratio chart for UVXY: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for SQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.5

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.

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.


Sharpe ratio
The chart of Sharpe ratio for UVXY, currently valued at -0.52, compared to the broader market0.002.004.00-0.52-1.04
The chart of Sortino ratio for UVXY, currently valued at -0.50, compared to the broader market-2.000.002.004.006.008.0010.0012.00-0.50-1.74
The chart of Omega ratio for UVXY, currently valued at 0.94, compared to the broader market0.501.001.502.002.503.000.940.81
The chart of Calmar ratio for UVXY, currently valued at -0.58, compared to the broader market0.005.0010.0015.00-0.58-0.54
The chart of Martin ratio for UVXY, currently valued at -1.26, compared to the broader market0.0020.0040.0060.0080.00100.00-1.26-1.40
UVXY
SQQQ

The current UVXY Sharpe Ratio is -0.52, which is higher than the SQQQ Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of UVXY and SQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.40-1.20-1.00-0.80-0.60-0.40JuneJulyAugustSeptemberOctoberNovember
-0.52
-1.04
UVXY
SQQQ

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 11.22%.


TTM2023202220212020201920182017
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
11.22%8.01%0.28%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.


-100.00%-100.00%-100.00%-99.99%-99.99%-99.99%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-100.00%
UVXY
SQQQ

Volatility

UVXY vs. SQQQ - Volatility Comparison

ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 30.46% compared to ProShares UltraPro Short QQQ (SQQQ) at 16.94%. 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.


0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
30.46%
16.94%
UVXY
SQQQ