YQQQ vs. SQQQ
Compare and contrast key facts about YieldMax Short N100 Option Income Strategy ETF (YQQQ) and ProShares UltraPro Short QQQ (SQQQ).
YQQQ and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YQQQ or SQQQ.
Correlation
The correlation between YQQQ and SQQQ is -0.89. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
YQQQ vs. SQQQ - Performance Comparison
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Key characteristics
YQQQ:
20.17%
SQQQ:
74.64%
YQQQ:
-11.72%
SQQQ:
-100.00%
YQQQ:
-11.10%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, YQQQ achieves a 1.45% return, which is significantly higher than SQQQ's -6.16% return.
YQQQ
1.45%
-6.06%
2.79%
N/A
N/A
N/A
SQQQ
-6.16%
-24.63%
-5.10%
-41.16%
-51.92%
-51.67%
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YQQQ vs. SQQQ - Expense Ratio Comparison
YQQQ has a 0.99% expense ratio, which is higher than SQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
YQQQ vs. SQQQ — Risk-Adjusted Performance Rank
YQQQ
SQQQ
YQQQ vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.
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Dividends
YQQQ vs. SQQQ - Dividend Comparison
YQQQ's dividend yield for the trailing twelve months is around 21.16%, more than SQQQ's 9.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | 21.16% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 9.89% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
YQQQ vs. SQQQ - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -11.72%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for YQQQ and SQQQ. For additional features, visit the drawdowns tool.
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Volatility
YQQQ vs. SQQQ - Volatility Comparison
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