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ETF Comparison

QQQ vs SQQQ: Which Is the Better Pick in 2026?

A head-to-head comparison of Invesco QQQ Trust and ProShares UltraPro Short QQQ covering yield, cost, risk, and income potential.

Data updated July 16, 2026

ETFs256
Total AUM$971B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.

See our curated list of related YouTube videos on QQQ.

ETFs165
Total AUM$123B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

ProShares is known for offering leveraged and inverse ETFs that provide amplified exposure to market movements, along with thematic and income-focused strategies. Their fund lineup spans digital assets (including Bitcoin and Ethereum exposure through BITO and EETH), dividend strategies like the Dividend Aristocrats fund (NOBL), covered call income strategies, and leveraged/inverse products that track major indices with 2x or 3x daily multipliers (such as SSO and TQQQ for tech-heavy portfolios). With 23 ETFs across specialized families including leveraged products, money market funds, and sector-specific offerings, ProShares serves investors seeking both traditional income and alternative exposure strategies.

See our curated list of related YouTube videos on SQQQ.

Side-by-side snapshot

QQQSQQQ
Full nameInvesco QQQ TrustProShares UltraPro Short QQQ
IssuerInvescoProShares
Last Close$705.94 as of July 16, 2026$40.89 as of July 16, 2026
Distribution yield0.45%6.24%
Distribution Safety Score 95
Expense ratio0.18%0.95%
AUM$481B$2.46B
Distribution frequencyQuarterlyQuarterly
Underlying indexNasdaq-100 IndexNasdaq-100
ObjectiveTrack the Nasdaq-100 Index, which includes 100 of the largest non-financial Nasdaq stocks.Seeks daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index.
Asset classEquityEquity
Inception date03/10/199902/09/2010
Beta1.24-3.2
Last dividend$0.7941$0.6380
Ex-dividend date12/21/202606/24/2026

Bottom lineChoose QQQ if you want a growth tilt and can accept bigger swings for higher upside. Choose SQQQ if you want higher current income (6.24% vs 0.45% for QQQ).

Income calculator

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

QQQ has outpaced SQQQ over the trailing twelve months, posting a 27.41% total return against -54.50%. The lead holds up over 10 years too: QQQ has compounded at 21.08% a year, against -55.17% for SQQQ. QQQ has been the steadier holding, though — annualized volatility of 20.3% against 62.0% for SQQQ. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1Y3Y5Y10YSince Feb 2010Volatility Sharpe Sortino Max drawdown
QQQ15.41%27.41%23.38%15.06%21.08%19.49%20.3%0.821.17-22.8%
SQQQ-39.28%-54.50%-50.99%-45.61%-55.17%-45.95%62.0%-1.23-1.61-92.5%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 16, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Feb 2010” measures every fund from February 11, 2010 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

QQQ (Invesco QQQ Trust) and SQQQ (ProShares UltraPro Short QQQ) are both quarterly-pay dividend ETFs, but they take different approaches.

SQQQ offers the higher yield at 6.24% vs 0.45% for QQQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

QQQ is cheaper with an expense ratio of 0.18% compared to 0.95%.

They track different benchmarks: QQQ is linked to Nasdaq-100 Index while SQQQ tracks Nasdaq-100, which means their performance drivers differ.

QQQ is the larger fund by assets ($481B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose QQQ

Invesco QQQ Trust

  • Want a growth tilt and can accept larger swings for more upside.
  • Want to keep costs low — a 0.18% expense ratio vs 0.95% for SQQQ.

Choose SQQQ

ProShares UltraPro Short QQQ

  • Want higher current income — SQQQ yields 6.24% vs 0.45% for QQQ.
  • Want broad equity exposure.
  • Prefer lower volatility — a beta of -3.2 vs 1.2 for QQQ.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, QQQ would generate roughly $3.75/month, while SQQQ would produce $52.00/month, at current distribution rates. Both pay quarterly distributions.

QQQ yield0.45%
SQQQ yield6.24%
Monthly diff on $10K$48.25

Cost & efficiency

Over 10 years on $10,000, QQQ would cost approximately $180 in fees vs $950 for SQQQ (simplified, not compounded). The $770.00 difference may be offset by yield or performance.

QQQ ER0.18%
SQQQ ER0.95%

Strategy & risk

QQQ tracks Nasdaq-100 Index with a growth approach, while SQQQ tracks Nasdaq-100 with a leverage approach. Beta is 1.24 for QQQ and -3.2 for SQQQ, indicating SQQQ is less volatile relative to the market.

QQQ beta1.24
SQQQ beta-3.2

Fund details

QQQ is managed by Invesco (launched 03/10/1999) with $481B in assets. SQQQ is managed by ProShares (launched 02/09/2010) with $2.46B in assets.

QQQ AUM$481B
SQQQ AUM$2.46B

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Frequently asked questions

Is QQQ or SQQQ better for dividend income?

It depends on your goals. SQQQ currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between QQQ and SQQQ?

QQQ (Invesco QQQ Trust) tracks Nasdaq-100 Index with a growth approach, while SQQQ (ProShares UltraPro Short QQQ) tracks Nasdaq-100 with a leverage approach. They are issued by Invesco and ProShares respectively.

Can I hold both QQQ and SQQQ?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, QQQ or SQQQ?

QQQ has an expense ratio of 0.18% while SQQQ charges 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in QQQ vs SQQQ generate?

At current rates, $10,000 in QQQ would generate roughly $3.75 per month ($45.00 annually). The same in SQQQ would produce about $52.00 per month ($624.00 annually).

Which has performed better historically, QQQ or SQQQ?

QQQ has outpaced SQQQ over the trailing twelve months, posting a 27.41% total return against -54.50%. The lead holds up over 10 years too: QQQ has compounded at 21.08% a year, against -55.17% for SQQQ. QQQ has been the steadier holding, though — annualized volatility of 20.3% against 62.0% for SQQQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

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