QQDN vs QQUP
ProShares UltraShort QQQ Mega vs ProShares Ultra QQQ Mega
Which is better, QQDN or QQUP?
Opposite sides of the same exposure.
QQUP led over 1Y and the full window. The two move opposite each other, correlation -0.99, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQDN | QQUP |
|---|---|---|
| Expense Ratio | 0.95%Tie | 0.95%Tie |
| AUM | $948,606.26 | $28M |
| Dividend Yield | 5.86% | 0.60% |
| Holdings | 3 | 24 |
| YTD Return | -22.15% | +15.45%Best |
| 1Y Return | -25.99% | +18.59%Best |
| Volatility (annualized) | 39.8%Best | 45.3% |
| Max Drawdown | -51.8% | -37.7%Best |
| $10,000 over 1.3 years | $5,291 | $16,236Best |
| Fund Family | ProShares | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Jun 10, 2025 | Jun 10, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 12, 2025 to Oct 14, 2026 (1.3 years).
QQDN vs QQUP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
QQDN vs QQUP Performance
ProShares UltraShort QQQ Mega (QQDN) is an ETF from ProShares and ProShares Ultra QQQ Mega (QQUP) is an ETF from ProShares. Over the past year QQDN returned -25.99% while QQUP returned +18.59%. Year to date, QQDN is down 22.15% versus a gain of 15.45% for QQUP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQUP has been the more volatile fund, with annualized monthly volatility of 45.3% compared with 39.8% for QQDN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.8% for QQDN and -37.7% for QQUP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.99. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
QQDN charges 0.95% per year while QQUP charges 0.95%. On a $10,000 position that is $95 vs $95 annually. On income, QQDN currently yields 5.86% against 0.60% for QQUP.
You are not choosing between two funds in isolation.
Whichever of QQDN and QQUP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQDN or QQUP?
QQDN has an expense ratio of 0.95% while QQUP charges 0.95%. At the precision these are quoted to, they cost the same.
Which performed better, QQDN or QQUP?
Over the past year QQDN returned -25.99% vs +18.59% for QQUP, so QQUP leads on 1-year performance. Over the longest common window we track (1 years), QQDN annualized -38.72% vs +45.18% for QQUP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQDN or QQUP?
QQUP has been the more volatile fund at 45.3% annualized versus 39.8% for QQDN. Worst drawdown: QQDN -51.8% vs QQUP -37.7%.
Should I hold both QQDN and QQUP?
QQDN and QQUP have a monthly-return correlation of -0.99, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, QQDN or QQUP?
QQDN yields 5.86% while QQUP yields 0.60%, so QQDN currently pays the higher dividend yield.
Is QQUP better than QQDN?
QQUP led over 1Y and the full window. The two move opposite each other, correlation -0.99, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.