SQQQ vs. SPY

ProShares UltraPro Short QQQ

SQQQ

$--

SPDR S&P 500 ETF Trust

SPY

$--

Correlation

-0.94

Learn more about SQQQ

Learn more about SPY

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Top 10 comparisons with SQQQ:

Top 10 shared holdings

The top 10 holdings shared by SQQQ and SPY:

There are no shared holdings.

Invest with SQQQ

Learn more about SPY

SQQQProShares UltraPro Short QQQ

SPYSPDR S&P 500 ETF Trust

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

SPY SPDR S&P 500 ETF Trust

Inception date

Feb 09 2010

Jan 22 1993

Expense ratio

0.95%

0.09%

SQQQ has a higher expense ratio than SPY by 0.86%. This can indicate that it’s more expensive to invest in SQQQ than SPY.

Type

US Equities

SQQQ targets investing in US Equities, while SPY targets investing in US Equities.

Fund owner

ProShares

State Street (SPDR)

SQQQ is managed by ProShares, while SPY is managed by State Street (SPDR).

Volume (1m avg. daily)

$2,217,551,125

$33,257,618,740

Both SQQQ and SPY 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

$400,404,126,565

SQQQ has more assets under management than SPY by $395,948,275,286. Higher AUM can be associated with better liquidity and lower slippage in trading.

Associated index

Nasdaq 100 Index

S&P 500 Index

SQQQ is based off of the Nasdaq 100 Index, while SPY is based off of the S&P 500 Index

Inverse/Leveraged

Inverse (-3x)

SQQQ uses Inverse (-3x), while SPY 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

SQQQ and SPY 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

SQQQ and SPY may offer dividends. The frequency and yield of the dividend may not be the same.

Prospectus

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 SQQQ is going to fall, it would make sense to invest in SPY, as based on historical data, when SQQQ decreases in value, SPY tends to increase in value.

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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.