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SQQQ vs. IEMG

ProShares UltraPro Short QQQ

SQQQ
$--
vs

iShares Core MSCI Emerging Markets ETF

IEMG
$--

Correlation

-0.61
SQQQProShares UltraPro Short QQQ
IEMGiShares Core MSCI Emerging Markets ETF

What is SQQQ?

ProShares UltraPro Short QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .

Snapshot
**

SQQQ ProShares UltraPro Short QQQ
IEMG iShares Core MSCI Emerging Markets ETF
Inception date
Feb 09 2010
Oct 18 2012
Expense ratio
0.95%
0.09%
SQQQ has a higher expense ratio than IEMG by 0.86%. This can indicate that it’s more expensive to invest in SQQQ than IEMG.
Type
US Equities
Global Ex. US Equities
SQQQ targets investing in US Equities, while IEMG targets investing in Global Ex. US Equities.
Fund owner
ProShares
Blackrock (iShares)
SQQQ is managed by ProShares, while IEMG is managed by Blackrock (iShares).
Volume (1m avg. daily)
$2,217,551,125
$497,040,322
Both SQQQ and IEMG 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
$4,455,851,279
$70,028,258,238
SQQQ has more assets under management than IEMG by $65,572,406,959. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
MSCI Emerging Markets Investable Market Index
SQQQ is based off of the Nasdaq 100 Index, while IEMG is based off of the MSCI Emerging Markets Investable Market Index
Inverse/Leveraged
Inverse (-3x)
No
SQQQ uses Inverse (-3x), while IEMG uses undefined. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SQQQ and IEMG 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
SQQQ and IEMG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither SQQQ nor IEMG 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 SQQQ is going to fall, it would make sense to invest in IEMG, as based on historical data, when SQQQ decreases in value, IEMG tends to increase in value.

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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.