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SQQQ vs. VT

ProShares UltraPro Short QQQ

SQQQ
$--
vs

Vanguard Total World Stock ETF

VT
$--

Correlation

-0.90
SQQQProShares UltraPro Short QQQ
VTVanguard Total World Stock 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
VT Vanguard Total World Stock ETF
Inception date
Feb 09 2010
Jun 24 2008
Expense ratio
0.95%
0.07%
SQQQ has a higher expense ratio than VT by 0.87%. This can indicate that it’s more expensive to invest in SQQQ than VT.
Type
US Equities
Global Equities
SQQQ targets investing in US Equities, while VT targets investing in Global Equities.
Fund owner
ProShares
Vanguard
SQQQ is managed by ProShares, while VT is managed by Vanguard.
Volume (1m avg. daily)
$2,217,551,125
$138,228,150
Both SQQQ and VT 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
$28,426,068,465
SQQQ has more assets under management than VT by $23,970,217,186. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
FTSE Global All Cap Index
SQQQ is based off of the Nasdaq 100 Index, while VT is based off of the FTSE Global All Cap Index
Inverse/Leveraged
Inverse (-3x)
No
SQQQ uses Inverse (-3x), while VT 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 VT 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 VT may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither SQQQ nor VT 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 VT, as based on historical data, when SQQQ decreases in value, VT tends to increase in value.

Automated Strategies
Related toSQQQ

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Category

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Risk Rating

Aggressive

Automated Strategies
Related toVT

#WIR

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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.