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ETF Comparisons

QQQM vs. SQQQ

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$—
Today’s Change
— (—)
vs

ProShares UltraPro Short QQQ

SQQQ
$—
Today’s Change
— (—)

Correlation

-1.00

Compare with

Top 10 comparisons with QQQM:
Compare:
QQQM
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-1.00
SwitchQLDProShares Trust - ProShares Ultra QQQ 2x Shares1.00QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 11.00TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares1.00MGKVanguard 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 QQQM and SQQQ:

There are no shared holdings.
Invest with QQQM
Learn more about QQQM
Invest with SQQQ
Learn more about SQQQ
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

Performance Measures**

for the time period Oct 13, 2020 to Jun 18, 2026

Returns

1M Trailing Return:

3M Trailing Return:

QQQM

4.8%

24.5%

SQQQ

-15.6%

-50.7%

Diff.

+20.4%

+75.2%

Measures of Risk or Volatility

Max Drawdown:

Standard Deviation:

QQQM

-35.0%

22.3%

SQQQ

-98.6%

66.8%

Diff.

+63.6%

-44.5%

Measures of Risk-Adjusted Performance

Sharpe Ratio:

Calmar Ratio:

QQQM

0.87

0.53

SQQQ

-0.71

-0.51

Diff.

+1.58

+1.04

QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
SQQQProShares UltraPro Short QQQ

What is QQQM?

The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

Snapshot
**

QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
SQQQ ProShares UltraPro Short QQQ
Inception date
Oct 13, 2020
Feb 9, 2010
Expense ratio
0.15%
0.95%
QQQM has a lower expense ratio than SQQQ by 0.79%. This can indicate that it’s cheaper to invest in QQQM than SQQQ.
Type
US Equities
US Equities
QQQM targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Invesco
ProShares
QQQM is managed by Invesco, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$154,621,362
$2,217,551,125
Both QQQM 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
$14,236,186,221
$4,455,851,279
QQQM has more assets under management than SQQQ by $9,780,334,942. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
Nasdaq 100 Index
QQQM is based off of the Nasdaq 100 Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
QQQM 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
QQQM 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
QQQM and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither QQQM nor SQQQ require a K1.
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 QQQM is going to fall, it would make sense to invest in SQQQ, as based on historical data, when QQQM decreases in value, SQQQ tends to increase in value.

Trading Strategies
Related toQQQM

Wash Sale 3 Sorted by 5 day Max DD WM 74

Category

Tactical allocation, trend following, risk-on/risk-off, managed futures switch, leveraged ETFs, volatility filter, wash-sale rotation

OOS Cumulative Return

363.08%

Trading Strategies
Related toSQQQ

holy grail w/ KMLM switcher GLD

Category

Tactical momentum, trend filter, relative strength, leveraged tech, inverse hedges, gold, managed futures

OOS Cumulative Return

—

Create your own algorithmic
trading strategy

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.