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ETF Comparisons

SQQQ vs. TIP

ProShares UltraPro Short QQQ

SQQQ
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

-0.31

Compare with

Top 10 comparisons with SQQQ:
Compare:
SQQQ
Correlation
With:
TIP
iShares TIPS Bond ETF
-0.31
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

Invest with SQQQ
Learn more about TIP
SQQQProShares UltraPro Short QQQ
TIPiShares TIPS Bond 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
TIP iShares TIPS Bond ETF
Inception date
Feb 09 2010
Dec 04 2003
Expense ratio
0.95%
0.19%
SQQQ has a higher expense ratio than TIP by 0.76%. This can indicate that it’s more expensive to invest in SQQQ than TIP.
Type
US Equities
US Bonds
SQQQ targets investing in US Equities, while TIP targets investing in US Bonds.
Fund owner
ProShares
Blackrock (iShares)
SQQQ is managed by ProShares, while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$2,217,551,125
$275,002,281
Both SQQQ and TIP 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
$21,035,302,259
SQQQ has more assets under management than TIP by $16,579,450,980. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
ICE US Treasury Inflation Linked Bond Index
SQQQ is based off of the Nasdaq 100 Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
Inverse (-3x)
No
SQQQ uses Inverse (-3x), while TIP 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 TIP 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 TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither SQQQ nor TIP require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

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Risk Rating

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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.