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ETF Comparisons

SQQQ vs. QQQM

ProShares UltraPro Short QQQ

SQQQ
$--
vs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--

Correlation

-1.00

Compare with

Top 10 comparisons with SQQQ:
Compare:
SQQQ
Correlation
With:
QQQM
Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
-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

The top 10 holdings shared by SQQQ and QQQM:

There are no shared holdings.
Invest with SQQQ
Learn more about QQQM
SQQQProShares UltraPro Short QQQ
QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 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
QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
Inception date
Feb 09 2010
Oct 13 2020
Expense ratio
0.95%
0.15%
SQQQ has a higher expense ratio than QQQM by 0.79%. This can indicate that it’s more expensive to invest in SQQQ than QQQM.
Type
US Equities
US Equities
SQQQ targets investing in US Equities, while QQQM targets investing in US Equities.
Fund owner
ProShares
Invesco
SQQQ is managed by ProShares, while QQQM is managed by Invesco.
Volume (1m avg. daily)
$2,217,551,125
$154,621,362
Both SQQQ and QQQM 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
$14,236,186,221
SQQQ has more assets under management than QQQM by $9,780,334,942. 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 QQQM is based off of the Nasdaq 100 Index
Inverse/Leveraged
Inverse (-3x)
No
SQQQ uses Inverse (-3x), while QQQM 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 QQQM 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 QQQM may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither SQQQ nor QQQM 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 QQQM, as based on historical data, when SQQQ decreases in value, QQQM tends to increase in value.

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Category

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Risk Rating

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#BTD

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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.