Dividend comparison
SQQQ vs TQQQ: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - UltraPro Short QQQ and ProShares UltraPro QQQ, side by side. Updated October 21, 2026.
SQQQ vs TQQQ: key differences
The short answer, from the latest data on this page.
- Fees. Both charge about 0.94% a year, so cost is not what separates them.
- Income. SQQQ pays more income, yielding 8.64% over the last twelve months versus 0.69% for TQQQ. That is about $795 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, TQQQ returned 113.8% versus -94.9% for SQQQ, with dividends reinvested. $10,000 would have grown to $21,375 in TQQQ and $511 in SQQQ.
- Risk. SQQQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -97.6%, against -81.6% for TQQQ.
- Diversification. TQQQ holds 123 positions and SQQQ holds 19. The ten largest positions make up 57.8% of SQQQ and 34.1% of TQQQ.
- Overlap. At least 17% of the two portfolios overlap by weight, across 1 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. TQQQ grew its yearly payout 771.0% a year over the last 3 years, versus 19.3% for SQQQ.
- Size. TQQQ is the larger fund with $35.5 billion in assets, against $2.0 billion for SQQQ.
Bottom line: SQQQ fits better if you care most about more income today. TQQQ fits better if you care most about stronger 5-year returns, smaller drawdowns, faster dividend growth and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SQQQ ProShares - UltraPro Short QQQ | TQQQ ProShares UltraPro QQQ |
|---|---|---|
| Dividend yield (TTM) | 8.64% | 0.69% |
| Dividend / share (TTM) | $3.25 | $0.48 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.4734 on Sep 29, 2026 | $0.1560 on Sep 29, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 19.3% over 3 yrs | 771.0% over 4 yrs |
| Price | $37.68 | $70.41 |
| Beta | -3.43 | 3.71 |
| Max drawdown (5Y) | -97.6% | -81.6% |
| Market cap | $1.77B | $41.88B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.94% | 0.94% |
| Assets under management | $1.96B | $35.46B |
| Number of holdings | 19 | 123 |
| Top 10 concentration | 57.8% | 34.1% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SQQQ
$71.99/mo
$864 /yr at 8.64% yield
TQQQ
$5.73/mo
$69 /yr at 0.69% yield
Dividend history
Total dividends paid per share in each calendar year. SQQQ pays quarterly; TQQQ pays quarterly.
| Year | SQQQ | TQQQ |
|---|---|---|
| 2025 | $6.4138 | $0.3425 |
| 2024 | $15.9332 | $0.7245 |
| 2023 | $26.9396 | $0.6395 |
| 2022 | $3.7771 | $0.0490 |
| 2021 | — | $0.0001 |
Strategy: Leveraged
Funds that use swaps and futures to deliver two or three times the daily return of an index. The multiple resets every day, so over longer periods the result can differ sharply from simply multiplying the index return, especially when the market is choppy. They are built as short-term trading tools.
Daily rebalancing causes decay in sideways or volatile markets, and a large one-day drop can wipe out most of the fund's value.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $511 in SQQQ and $21,375 in TQQQ.
| Period | SQQQ | TQQQ |
|---|---|---|
| 1 month | 0.91% | -2.88% |
| 3 months | -10.48% | 4.28% |
| Year to date | -42.87% | 34.34% |
| 1 year | -44.13% | 31.48% |
| 3 years | -91.35% | 330.64% |
| 5 years | -94.89% | 113.75% |
- SQQQ
- TQQQ
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- SQQQ
- TQQQ
SQQQ vs TQQQ holdings overlap
At least 17% overlap by weight, with 1 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | SQQQ weight | TQQQ weight |
|---|---|---|
| IQMMPROSHARES GENIUS MNY MKT ETF | 57.80% | 16.83% |
Top 10 holdings
Largest positions by portfolio weight.
Quick verdict
SQQQ fits better if you care most about more income today. TQQQ fits better if you care most about stronger 5-year returns, smaller drawdowns, faster dividend growth and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is SQQQ or TQQQ better for dividend income?
It depends on your goals. SQQQ currently yields 8.64% Trailing Twelve Months (TTM) while TQQQ yields 0.69%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between SQQQ and TQQQ?
ProShares - UltraPro Short QQQ (SQQQ) is an ETF listed on NASDAQ. ProShares UltraPro QQQ (TQQQ) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, SQQQ or TQQQ?
They cost about the same: SQQQ charges 0.94% a year and TQQQ charges 0.94%.
Which has performed better, SQQQ or TQQQ?
Over the last 5 years, TQQQ has the higher total return with dividends reinvested: SQQQ returned -94.9% and TQQQ returned 113.8%. Past performance does not predict future returns.
Which is riskier, SQQQ or TQQQ?
Measured by the worst peak-to-trough decline over the last five years, SQQQ has been riskier: SQQQ fell as much as 97.6% and TQQQ as much as 81.6%. Their betas are -3.43 and 3.71.
How much do SQQQ and TQQQ overlap?
At least 17% of the two portfolios overlap by weight, across 1 shared holdings. The largest shared positions are IQMM. Holding both still adds meaningful diversification.
How often do SQQQ and TQQQ pay dividends?
Both pay quarterly. The most recent payments were $0.4734 for SQQQ and $0.1560 for TQQQ.
How much income does $10,000 in SQQQ vs TQQQ generate?
At current TTM yields, $10,000 in SQQQ would generate roughly $71.99 per month ($864 annually). The same amount in TQQQ would produce about $5.73 per month ($69 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SQQQ and TQQQ?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SQQQ vs TQQQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SQQQ and TQQQ fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.