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SCHB vs. SQQQ

Schwab U.S. Broad Market ETF

SCHB
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.94
SCHBSchwab U.S. Broad Market ETF
SQQQProShares UltraPro Short QQQ

What is SCHB?

The fund offers diversified exposure across large- and small-cap U.S. stocks. It seeks investment results that track performance before fees and expenses of the approximately 2500-stock Dow Jones U.S. Broad Stock Market Index?.

Snapshot
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SCHB Schwab U.S. Broad Market ETF
SQQQ ProShares UltraPro Short QQQ
Inception date
Nov 03 2009
Feb 09 2010
Expense ratio
0.03%
0.95%
SCHB has a lower expense ratio than SQQQ by 0.91%. This can indicate that it’s cheaper to invest in SCHB than SQQQ.
Type
US Equities
US Equities
SCHB targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Schwab
ProShares
SCHB is managed by Schwab, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$35,304,784
$2,217,551,125
Both SCHB 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
$22,376,795,984
$4,455,851,279
SCHB has more assets under management than SQQQ by $17,920,944,705. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Dow Jones U.S. Broad Stock Market Index
Nasdaq 100 Index
SCHB is based off of the Dow Jones U.S. Broad Stock Market Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
SCHB uses undefined, 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
SCHB 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
SCHB and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither SCHB 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 SCHB is going to fall, it would make sense to invest in SQQQ, as based on historical data, when SCHB decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toSCHB

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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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.