YQQQ vs. TQQQ
YQQQ (YieldMax Short N100 Option Income Strategy ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - YQQQ is a Derivative Income fund actively managed by YieldMax, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). YQQQ is actively managed, while TQQQ is passively managed. Over the past year, YQQQ returned -13.84% vs 132.34% for TQQQ. At a correlation of -0.95, they often move in opposite directions. YQQQ charges 0.99%/yr vs 0.95%/yr for TQQQ.
Performance
YQQQ vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, YQQQ achieves a -8.57% return, which is significantly lower than TQQQ's 61.91% return.
YQQQ
- 1D
- 0.41%
- 1M
- -6.24%
- YTD
- -8.57%
- 6M
- -6.48%
- 1Y
- -13.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- -1.55%
- 1M
- 26.46%
- YTD
- 61.91%
- 6M
- 54.01%
- 1Y
- 132.34%
- 3Y*
- 68.49%
- 5Y*
- 27.97%
- 10Y*
- 44.95%
YQQQ vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | -8.57% | -9.97% | -4.06% |
TQQQ ProShares UltraPro QQQ | 61.91% | 34.35% | 16.34% |
Correlation
The correlation between YQQQ and TQQQ is -0.96, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | -0.95 |
The correlation between YQQQ and TQQQ has been stable across timeframes, ranging from -0.96 to -0.95 - a consistent structural relationship.
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Return for Risk
YQQQ vs. TQQQ — Risk / Return Rank
YQQQ
TQQQ
YQQQ vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.
| YQQQ | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.39 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.60 | -4.27 |
| Martin ratioReturn relative to average drawdown | -1.61 | 11.77 | -13.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YQQQ | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.11 | 2.80 | -3.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.76 | 0.74 | -1.50 |
Drawdowns
YQQQ vs. TQQQ - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -28.21%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for YQQQ and TQQQ.
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Drawdown Indicators
| YQQQ | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.21% | -81.66% | +53.45% |
Max Drawdown (1Y)Largest decline over 1 year | -20.82% | -36.97% | +16.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -27.87% | -2.29% | -25.58% |
Average DrawdownAverage peak-to-trough decline | -14.25% | -18.52% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.62% | 11.28% | -2.66% |
Volatility
YQQQ vs. TQQQ - Volatility Comparison
The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 3.90%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.35%. This indicates that YQQQ 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
| YQQQ | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 13.35% | -9.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 36.04% | -26.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 47.60% | -35.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 66.50% | -50.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 65.95% | -49.70% |
YQQQ vs. TQQQ - Expense Ratio Comparison
YQQQ has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
YQQQ vs. TQQQ - Dividend Comparison
YQQQ's dividend yield for the trailing twelve months is around 32.16%, more than TQQQ's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.37% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 32.16% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YQQQ and TQQQ have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (13.35%) compared to YQQQ (3.90%). In terms of maximum drawdown, YQQQ dropped -28.21% vs TQQQ's -81.66%.
On 1-year performance, TQQQ leads with 132.34% vs -13.84% for YQQQ. On fees, TQQQ is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TQQQ has performed better with a 132.34% return vs -13.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TQQQ is cheaper with a 0.95% expense ratio, compared with 0.99% for YQQQ.
YQQQ has the higher dividend yield at 32.16%, compared with 0.37% for TQQQ.
YQQQ is categorized as Derivative Income, while TQQQ is Leveraged Equities. They also come from different issuers: YieldMax and ProShares. Their fees differ too: 0.99% for YQQQ and 0.95% for TQQQ.
TQQQ currently has the higher Sharpe Ratio (2.80 vs -1.11), 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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