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ETF Comparisons

SQQQ vs. ITOT

ProShares UltraPro Short QQQ

SQQQ
$--
vs

iShares Core S&P Total U.S. Stock Market ETF

ITOT
$--

Correlation

-0.94

Compare with

Top 10 comparisons with SQQQ:
Compare:
SQQQ
Correlation
With:
ITOT
iShares Core S&P Total U.S. Stock Market ETF
-0.94
SwitchQIDProShares Trust - ProShares UltraShort QQQ -2x Shares1.00PSQProShares Trust - ProShares Short QQQ -1x Shares1.00BERZBank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs0.97TECSDirexion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares0.97SPXSDirexion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares0.94SDSProShares Trust - ProShares UltraShort S&P500 -2x Shares0.94SPXUProShares Trust - ProShares UltraPro Short S&P 5000.94SPDNDirexion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares0.94SHProShares Trust - ProShares Short S&P500 -1x Shares0.94FNGDBank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs0.94

Top 10 shared holdings

The top 10 holdings shared by SQQQ and ITOT:

There are no shared holdings.
Invest with SQQQ
Learn more about ITOT
SQQQProShares UltraPro Short QQQ
ITOTiShares Core S&P Total U.S. Stock Market 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
ITOT iShares Core S&P Total U.S. Stock Market ETF
Inception date
Feb 09 2010
Jan 20 2004
Expense ratio
0.95%
0.03%
SQQQ has a higher expense ratio than ITOT by 0.91%. This can indicate that it’s more expensive to invest in SQQQ than ITOT.
Type
US Equities
US Equities
SQQQ targets investing in US Equities, while ITOT targets investing in US Equities.
Fund owner
ProShares
Blackrock (iShares)
SQQQ is managed by ProShares, while ITOT is managed by Blackrock (iShares).
Volume (1m avg. daily)
$2,217,551,125
$92,311,586
Both SQQQ and ITOT 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
$43,679,376,151
SQQQ has more assets under management than ITOT by $39,223,524,872. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
S&P Total Market Index
SQQQ is based off of the Nasdaq 100 Index, while ITOT is based off of the S&P Total Market Index
Inverse/Leveraged
Inverse (-3x)
No
SQQQ uses Inverse (-3x), while ITOT 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 ITOT 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 ITOT may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither SQQQ nor ITOT 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 ITOT, as based on historical data, when SQQQ decreases in value, ITOT tends to increase in value.

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Category

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Risk Rating

Aggressive

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Category

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Risk Rating

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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.