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ETF Comparisons

SPY vs. SQQQ

SPDR S&P 500 ETF Trust

SPY
$—
Today’s Change
— (—)
vs

ProShares UltraPro Short QQQ

SQQQ
$—
Today’s Change
— (—)

Correlation

-0.94

Compare with

Top 10 comparisons with SPY:
Compare:
SPY
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.94
SwitchSSOProShares Trust - ProShares Ultra S&P500 2x Shares1.00IVVBlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF1.00SPXLDirexion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares1.00VOOVanguard Group, Inc. - Vanguard S&P 500 ETF1.00UPROProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares1.00SPLGSPDR Series Trust - SPDR Portfolio S&P 500 ETF1.00VVVanguard Group, Inc. - Vanguard Large Cap ETF1.00SCHXSchwab Strategic Trust - Schwab U.S. Large-Cap ETF1.00ESGUiShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF1.00IWBBlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF1.00

Top 10 shared holdings

The top 10 holdings shared by SPY and SQQQ:

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

Performance Measures**

for the time period Jan 29, 1993 to Aug 5, 2026

Returns

1M Trailing Return:

3M Trailing Return:

SPY

2.5%

6.6%

SQQQ

0.0%

-19.9%

Diff.

+2.5%

+26.5%

Measures of Risk or Volatility

Max Drawdown:

Standard Deviation:

SPY

-55.2%

18.6%

SQQQ

-100.0%

61.4%

Diff.

+44.8%

-42.8%

Measures of Risk-Adjusted Performance

Sharpe Ratio:

Calmar Ratio:

SPY

0.65

0.20

SQQQ

-0.92

-0.53

Diff.

+1.57

+0.73

SPYSPDR S&P 500 ETF Trust
SQQQProShares UltraPro Short QQQ

What is SPY?

The SPDR S&P 500 ETF is a fund that before expenses generally corresponds to the price and yield performance of the S&P 500 Index.

Snapshot
**

SPY SPDR S&P 500 ETF Trust
SQQQ ProShares UltraPro Short QQQ
Inception date
Jan 22, 1993
Feb 9, 2010
Expense ratio
0.09%
0.95%
SPY has a lower expense ratio than SQQQ by 0.86%. This can indicate that it’s cheaper to invest in SPY than SQQQ.
Type
US Equities
US Equities
SPY targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
State Street (SPDR)
ProShares
SPY is managed by State Street (SPDR), while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$33,257,618,740
$2,217,551,125
Both SPY 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
$400,404,126,565
$4,455,851,279
SPY has more assets under management than SQQQ by $395,948,275,286. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
Nasdaq 100 Index
SPY is based off of the S&P 500 Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
SPY 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
SPY 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
SPY and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
SPY may issue a K1, while SQQQ does not. You can find non-K1 alternatives for SPY 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 SPY is going to fall, it would make sense to invest in SQQQ, as based on historical data, when SPY decreases in value, SQQQ tends to increase in value.

Trading Strategies
Related toSPY

Simons KMLM switcher (single pops)| BT 4/13/22 = A.R. 466% / D.D. 22% V2

Category

Tactical, momentum, mean‑reversion, volatility timing, leveraged ETFs, managed futures, risk‑on/risk‑off, event‑driven

OOS Cumulative Return

1745.44%

Trading Strategies
Related toSQQQ

The Holy Grail

Category

Trend/momentum, leveraged ETFs, tech/Nasdaq focus, volatility hedge, market timing

OOS Cumulative Return

1950.72%

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.

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Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured

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