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ETF Comparisons

QQQ vs. SQQQ

Invesco QQQ Trust, Series 1

QQQ
$—
Today’s Change
— (—)
vs

ProShares UltraPro Short QQQ

SQQQ
$—
Today’s Change
— (—)

Correlation

-1.00

Compare with

Top 10 comparisons with QQQ:
Compare:
QQQ
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-1.00
SwitchQLDProShares Trust - ProShares Ultra QQQ 2x Shares1.00TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares1.00QQQMInvesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF1.00MGKVanguard Group, Inc. - Vanguard Mega Cap Growth ETF0.99ONEQFidelity Covington Trust - Fidelity Nasdaq Composite Index ETF0.99SCHGSchwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF0.99VUGVanguard Group, Inc. - Vanguard Growth ETF0.99IWYBlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF0.99IWFBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF0.99VONGVanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF0.99

Top 10 shared holdings

The top 10 holdings shared by QQQ and SQQQ:

There are no shared holdings.
Trade QQQ options
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1M
3M
6M
YTD
1Y
3Y
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Performance Measures**

for the time period Apr 1, 1999 to Dec 4, 2025

Returns

1M Trailing Return:

3M Trailing Return:

QQQ

0.6%

8.4%

SQQQ

-2.5%

-21.9%

Diff.

+3.1%

+30.3%

Measures of Risk or Volatility

Max Drawdown:

Standard Deviation:

QQQ

-83.0%

27.1%

SQQQ

-100.0%

61.3%

Diff.

+17%

-34.2%

Measures of Risk-Adjusted Performance

Sharpe Ratio:

Calmar Ratio:

QQQ

0.50

0.12

SQQQ

-0.92

-0.53

Diff.

+1.42

+0.65

QQQInvesco QQQ Trust, Series 1
SQQQProShares UltraPro Short QQQ

What is QQQ?

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Snapshot
**

QQQ Invesco QQQ Trust, Series 1
SQQQ ProShares UltraPro Short QQQ
Inception date
Mar 10, 1999
Feb 9, 2010
Expense ratio
0.2%
0.95%
QQQ has a lower expense ratio than SQQQ by 0.75%. This can indicate that it’s cheaper to invest in QQQ than SQQQ.
Type
US Equities
US Equities
QQQ targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Invesco
ProShares
QQQ is managed by Invesco, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$17,559,045,883
$2,217,551,125
Both QQQ and SQQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$197,956,569,440
$4,455,851,279
QQQ has more assets under management than SQQQ by $193,500,718,161. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
Nasdaq 100 Index
QQQ is based off of the Nasdaq 100 Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
QQQ does not use an inverse or leveraged strategy, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
QQQ and SQQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
QQQ and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
QQQ may issue a K1, while SQQQ does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe QQQ is going to fall, it would make sense to invest in SQQQ, as based on historical data, when QQQ decreases in value, SQQQ tends to increase in value.

Trading Strategies
Related toQQQ

E$[NO K-1 50/50] ☢️ Mod of V1.11 The Manhattan Project | 50% TQQQ Minimal | 50% Beta Baller + TCCC

Category

Tactical allocation, trend-following, mean reversion, leveraged ETFs, volatility hedging, macro regime rotation, risk management

OOS Cumulative Return

918.99%

Trading Strategies
Related toSQQQ

The Holy Grail

Category

Leveraged ETFs, Tactical market timing, Trend + mean-reversion, Tech/semis focus, Volatility hedging

OOS Cumulative Return

1614.23%

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Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.