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ETF Comparisons

XLE vs. SQQQ

Energy Select Sector SPDR Fund

XLE
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.35

Compare with

Top 10 comparisons with XLE:
Compare:
XLE
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.35
SwitchERXDirexion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares1.00DIGProShares Trust - ProShares Ultra Energy1.00VDEVanguard Group, Inc. - Vanguard Energy ETF1.00FENYFidelity Covington Trust - Fidelity MSCI Energy Index ETF1.00IYEBlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF1.00OILUBank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs0.99RSPGInvesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF0.98IXCBlackRock Institutional Trust Company N.A. - iShares Global Energy ETF0.98NRGUBank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs0.98IGEBlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF0.97

Top 10 shared holdings

The top 10 holdings shared by XLE and SQQQ:

There are no shared holdings.
Invest with XLE
Learn more about SQQQ
XLEEnergy Select Sector SPDR Fund
SQQQProShares UltraPro Short QQQ

What is XLE?

The Energy Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Energy Select Sector Index (ticker: IXE).

Snapshot
**

XLE Energy Select Sector SPDR Fund
SQQQ ProShares UltraPro Short QQQ
Inception date
Dec 16 1998
Feb 09 2010
Expense ratio
0.10%
0.95%
XLE has a lower expense ratio than SQQQ by 0.85%. This can indicate that it’s cheaper to invest in XLE than SQQQ.
Type
US Equities
US Equities
XLE targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
State Street (SPDR)
ProShares
XLE is managed by State Street (SPDR), while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$1,678,169,867
$2,217,551,125
Both XLE and SQQQ 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
$38,180,414,875
$4,455,851,279
XLE has more assets under management than SQQQ by $33,724,563,596. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Energy Select Sector Index
Nasdaq 100 Index
XLE is based off of the S&P Energy Select Sector Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
XLE uses undefined, while SQQQ uses Inverse (-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
XLE and SQQQ 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
XLE and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither XLE nor SQQQ 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.

Automated Strategies
Related toXLE

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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.