ITOT vs. SQQQ

iShares Core S&P Total U.S. Stock Market ETF

ITOT

$--

ProShares UltraPro Short QQQ

SQQQ

$--

Correlation

-0.94

Learn more about ITOT

Learn more about SQQQ

Compare with

Top 10 comparisons with ITOT:

Top 10 shared holdings

The top 10 holdings shared by ITOT and SQQQ:

There are no shared holdings.

Invest with ITOT

Learn more about SQQQ

ITOTiShares Core S&P Total U.S. Stock Market ETF

SQQQProShares UltraPro Short QQQ

What is ITOT?

The iShares Core S&P Total U.S. Stock Market ETF seeks to track the investment results of S&P Total Market Index.The S&P Total Market Index (TMI) is designed to track the broad equity market, including large-, mid-, small-, and micro-cap stocks. The index includes all common equities listed on the NYSE (including NYSE Arca and NYSE MKT), the NASDAQ Global Select Market, the NASDAQ Global Market, and the NASDAQ Capital Market. The S&P 500 and the S&P Completion Index are subsets of the S&P TMI.

Snapshot
**

ITOT iShares Core S&P Total U.S. Stock Market ETF

SQQQ ProShares UltraPro Short QQQ

Inception date

Jan 20 2004

Feb 09 2010

Expense ratio

0.03%

0.95%

ITOT has a lower expense ratio than SQQQ by 0.91%. This can indicate that it’s cheaper to invest in ITOT than SQQQ.

Type

US Equities

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

Fund owner

Blackrock (iShares)

ProShares

ITOT is managed by Blackrock (iShares), while SQQQ is managed by ProShares.

Volume (1m avg. daily)

$92,311,586

$2,217,551,125

Both ITOT 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

$43,679,376,151

$4,455,851,279

ITOT has more assets under management than SQQQ by $39,223,524,872. Higher AUM can be associated with better liquidity and lower slippage in trading.

Associated index

S&P Total Market Index

Nasdaq 100 Index

ITOT is based off of the S&P Total Market Index, while SQQQ is based off of the Nasdaq 100 Index

Inverse/Leveraged

Inverse (-3x)

ITOT 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

ITOT 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

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

Prospectus

View

Neither ITOT nor SQQQ 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 ITOT is going to fall, it would make sense to invest in SQQQ, as based on historical data, when ITOT decreases in value, SQQQ 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.