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 and TQQQ.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
SQQQ has lagged TQQQ over the trailing twelve months, posting a -54.50% total return against 67.86%. The lead holds up over 10 years too: TQQQ has compounded at 41.89% a year, against -55.17% for SQQQ. Figures are total returns: price change plus every distribution reinvested.
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
SQQQ (ProShares UltraPro Short QQQ) and TQQQ (ProShares UltraPro QQQ) are both quarterly-pay dividend ETFs, but they take different approaches.
SQQQ offers the higher yield at 6.24% vs 0.97% for TQQQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
TQQQ is cheaper with an expense ratio of 0.88% compared to 0.95%.
They track different benchmarks: SQQQ is linked to Nasdaq-100 while TQQQ tracks Nasdaq-100 Index, which means their performance drivers differ.
TQQQ is the larger fund by assets ($34.0B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose SQQQ
ProShares UltraPro Short QQQ
Want higher current income — SQQQ yields 6.24% vs 0.97% for TQQQ.
Want broad equity exposure.
Prefer lower volatility — a beta of -3.2 vs 4.0 for TQQQ.
Choose TQQQ
ProShares UltraPro QQQ
Want broad equity exposure.
Want to keep costs low — a 0.88% expense ratio vs 0.95% for SQQQ.
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, SQQQ would generate roughly $52.00/month, while TQQQ would produce $8.08/month, at current distribution rates. Both pay quarterly distributions.
SQQQ yield6.24%
TQQQ yield0.97%
Monthly diff on $10K$43.92
Cost & efficiency
Over 10 years on $10,000, SQQQ would cost approximately $950 in fees vs $880 for TQQQ (simplified, not compounded). The $70.00 difference may be offset by yield or performance.
SQQQ ER0.95%
TQQQ ER0.88%
Strategy & risk
SQQQ tracks Nasdaq-100 with a leverage approach, while TQQQ tracks Nasdaq-100 Index with a leverage approach. Beta is -3.2 for SQQQ and 3.96 for TQQQ, indicating SQQQ is less volatile relative to the market.
SQQQ beta-3.2
TQQQ beta3.96
Fund details
SQQQ is managed by ProShares (launched 02/09/2010) with $2.46B in assets. TQQQ is managed by ProShares (launched 02/09/2010) with $34.0B in assets.
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Frequently asked questions
Is SQQQ or TQQQ 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 SQQQ and TQQQ?
SQQQ (ProShares UltraPro Short QQQ) tracks Nasdaq-100 with a leverage approach, while TQQQ (ProShares UltraPro QQQ) tracks Nasdaq-100 Index with a leverage approach. They are issued by ProShares and ProShares respectively.
Can I hold both SQQQ and TQQQ?
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, SQQQ or TQQQ?
SQQQ has an expense ratio of 0.95% while TQQQ charges 0.88%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SQQQ vs TQQQ generate?
At current rates, $10,000 in SQQQ would generate roughly $52.00 per month ($624.00 annually). The same in TQQQ would produce about $8.08 per month ($97.00 annually).
Which has performed better historically, SQQQ or TQQQ?
SQQQ has lagged TQQQ over the trailing twelve months, posting a -54.50% total return against 67.86%. The lead holds up over 10 years too: TQQQ has compounded at 41.89% a year, against -55.17% for SQQQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
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