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ETF Comparisons

SQQQ vs. TQQQ

ProShares UltraPro Short QQQ

SQQQ
$—
Today’s Change
— (—)
vs

ProShares UltraPro QQQ

TQQQ
$—
Today’s Change
— (—)

Correlation

-1.00

Compare with

Top 10 comparisons with SQQQ:
Compare:
SQQQ
Correlation
With:
TQQQ
ProShares UltraPro QQQ
-1.00
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

Trade SQQQ options
Learn more about SQQQ
Trade TQQQ options
Learn more about TQQQ
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

Performance Measures**

for the time period Feb 11, 2010 to Dec 4, 2025

Returns

1M Trailing Return:

3M Trailing Return:

SQQQ

—

-25.0%

TQQQ

-0.1%

21.4%

Diff.

—

-46.4%

Measures of Risk or Volatility

Max Drawdown:

Standard Deviation:

SQQQ

-100.0%

63.8%

TQQQ

-81.7%

62.0%

Diff.

-18.3%

+1.8%

Measures of Risk-Adjusted Performance

Sharpe Ratio:

Calmar Ratio:

SQQQ

-0.87

-0.53

TQQQ

0.89

0.52

Diff.

-1.76

-1.05

SQQQProShares UltraPro Short QQQ
TQQQProShares UltraPro QQQ

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
TQQQ ProShares UltraPro QQQ
Inception date
Feb 9, 2010
Feb 9, 2010
Expense ratio
0.95%
0.86%
SQQQ has a higher expense ratio than TQQQ by 0.08%. This can indicate that it’s more expensive to invest in SQQQ than TQQQ.
Type
US Equities
US Equities
SQQQ targets investing in US Equities, while TQQQ targets investing in US Equities.
Fund owner
ProShares
ProShares
SQQQ is managed by ProShares, while TQQQ is managed by ProShares.
Volume (1m avg. daily)
$2,217,551,125
$3,460,839,081
Both SQQQ and TQQQ 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
$16,056,070,130
SQQQ has more assets under management than TQQQ by $11,600,218,851. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
Nasdaq 100 Index
SQQQ is based off of the Nasdaq 100 Index, while TQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
Inverse (-3x)
Leveraged (3x)
SQQQ uses Inverse (-3x), while TQQQ uses Leveraged (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
SQQQ and TQQQ 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 TQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither SQQQ nor TQQQ 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 TQQQ, as based on historical data, when SQQQ decreases in value, TQQQ tends to increase in value.

Trading Strategies
Related toSQQQ

The Holy Grail

Category

Leveraged ETFs, Tactical market timing, Trend + mean-reversion, Tech/semis focus, Volatility hedging

OOS Cumulative Return

1614.23%

Trading Strategies
Related toTQQQ

SOXX Group

Category

Semiconductors, Leveraged ETFs, Tactical, Volatility-aware, Mean-reversion, Momentum, Risk-managed

OOS Cumulative Return

1443.68%

Create your own algorithmic
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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.