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ETF Comparisons

TQQQ vs. SQQQ

ProShares UltraPro QQQ

TQQQ
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-1.00

Compare with

Top 10 comparisons with TQQQ:
Compare:
TQQQ
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-1.00
SwitchQLDProShares Trust - ProShares Ultra QQQ 2x Shares1.00QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 11.00QQQMInvesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF1.00MGKVanguard Group, Inc. - Vanguard Mega Cap Growth ETF0.99ONEQFidelity Covington Trust - Fidelity Nasdaq Composite Index ETF0.99SCHGSchwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF0.99VUGVanguard Group, Inc. - Vanguard Growth ETF0.99IWYBlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF0.99IWFBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF0.99VONGVanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF0.99

Top 10 shared holdings

Invest with TQQQ
Learn more about SQQQ
TQQQProShares UltraPro QQQ
SQQQProShares UltraPro Short QQQ

What is TQQQ?

ProShares UltraPro QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index .

Snapshot
**

TQQQ ProShares UltraPro QQQ
SQQQ ProShares UltraPro Short QQQ
Inception date
Feb 09 2010
Feb 09 2010
Expense ratio
0.86%
0.95%
TQQQ has a lower expense ratio than SQQQ by 0.08%. This can indicate that it’s cheaper to invest in TQQQ than SQQQ.
Type
US Equities
US Equities
TQQQ targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
ProShares
ProShares
TQQQ is managed by ProShares, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$3,460,839,081
$2,217,551,125
Both TQQQ 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
$16,056,070,130
$4,455,851,279
TQQQ has more assets under management than SQQQ 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
TQQQ is based off of the Nasdaq 100 Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
Leveraged (3x)
Inverse (-3x)
TQQQ uses Leveraged (3x), 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
TQQQ 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
TQQQ and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither TQQQ 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 TQQQ is going to fall, it would make sense to invest in SQQQ, as based on historical data, when TQQQ decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toTQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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.