ProShares UltraPro Short QQQ (SQQQ) Performance
SQQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −39.8% since Dec 31, 2025
- 1 year
- −41.4% total return
- 5 years
- −44.2% a year
- 10 years
- −54.4% a year
- Since first price
- −45.5% a year since 2010
SQQQ trailing returns vs SPY, QQQ, AGG
| Period | SQQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +16.2% | +16.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.0% | −8.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −26.5% | −28.7% | +7.8% | +8.4% | −1.5% |
| YTD | −39.8% | −42.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −41.4% | −44.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −90.7%−54.7%/yr | −92.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −94.6%−44.2%/yr | −95.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −99.96%−54.4%/yr | −99.97% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −100.00%−49.1%/yr | −100.00% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 11, 2010 | −100.00%−45.5%/yr | −100.00% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SQQQ vs SPY
From Feb 11, 2010: SQQQ grew to $0, SPY to $94,410.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SQQQ returns by calendar year
1 of 15 full years positive. Best 2022 (+82.4%), worst 2020 (−86.4%). 2026 is year to date.
SQQQ annual returns table
| Year | SQQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −39.8% | −63.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −53.0% | −75.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −49.8% | −60.6% | +24.9% | +25.6% | +1.3% |
| 2023 | −73.6% | −75.4% | +26.2% | +54.9% | +5.7% |
| 2022 | +82.4% | −49.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −60.9% | −65.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −86.4% | −90.6% | +18.3% | +48.6% | +7.5% |
| 2019 | −65.9% | −69.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −20.8% | −48.8% | −4.6% | −0.1% | +0.1% |
| 2017 | −58.7% | −59.9% | +21.7% | +32.7% | +3.6% |
| 2016 | −30.1% | −55.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −37.5% | −46.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −48.0% | −56.0% | +13.5% | +19.2% | +6.0% |
| 2013 | −56.9% | −56.9% | +32.3% | +36.6% | −2.0% |
| 2012 | 0.0% | 0.0% | +16.0% | +18.1% | +3.8% |
| 2011 | 0.0% | 0.0% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SQQQ largest drawdowns
Now 100.00% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 19, 2013 | −100.00% | Oct 6, 2026 | not yet | 13.5 years | 13.5 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SQQQ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | −56.4% | −47.3% | −55.0% | −46.2% |
| Volatility (annualized) | 46.1% | 59.4% | 52.8% | 44.8% |
| Sharpe ratio | -1.60 | -0.82 | -1.24 | -1.15 |
| Sortino ratio | -1.64 | -1.05 | -1.43 | -1.32 |
| Best month | +23.9% | +45.6% | +45.6% | +45.6% |
| Worst month | −35.8% | −35.8% | −40.5% | −40.5% |
| Best 12 months | −20.7% | +82.4% | +82.4% | +82.4% |
| Worst 12 months | −66.0% | −73.6% | −87.6% | −87.6% |
| Positive months | 31% | 33% | 29% | 26% |
| Beta vs S&P 500 | -3.19 | -3.44 | -2.92 | — |
| Correlation with S&P 500 | -0.86 | -0.91 | -0.85 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SQQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 189 | −87.6% | −49.9% | +82.4% | 4% |
| 3-year (a year) | 165 | −73.7% | −46.1% | 0.0% | 0% |
| 5-year (a year) | 141 | −64.1% | −49.1% | −27.4% | 0% |
| 10-year (a year) | 81 | −56.2% | −51.8% | −36.1% | 0% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
SQQQ performance overview
ProShares UltraPro Short QQQ (SQQQ) returned −41.4% over the past year and −54.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −45.5% a year, turning $10,000 into about $0. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −100.00%, from Apr 19, 2013 to Oct 6, 2026; the fund has not yet regained that high. SQQQ finished 1 of its 15 full calendar years with a gain; the best year was 2022 (+82.4%) and the worst 2020 (−86.4%). Volatility has been 44.8% a year.
Related: SQQQ chart, SQQQ dividends. See the SQQQ overview for the latest quote and fund facts.
SQQQ performance FAQ
What is the SQQQ return over the past year?
SQQQ returned −41.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 44.9%.
What is the average annual return of SQQQ?
SQQQ has returned −44.2% a year over 5 years, −54.4% a year over 10 years, −45.5% a year since February 11, 2010 (total return, distributions reinvested).
How much would $10,000 invested in SQQQ be worth?
$10,000 invested in SQQQ at its first recorded close on February 11, 2010 would be worth about $0 on October 23, 2026 with distributions reinvested.
What was the worst year for SQQQ?
The worst calendar year was 2020, with a total return of −86.4%. The best was 2022 at +82.4%.
What is the biggest drawdown of SQQQ?
The largest peak-to-trough decline was −100.00% between April 19, 2013 and October 6, 2026. It has not yet recovered to that high; it is 100.00% below its peak.
How volatile is SQQQ?
Over the past 3 years SQQQ had an annualized volatility of 46.1% and a Sharpe ratio of -1.60 (excess return over 1–3 month T-bills per unit of risk).