SQLV vs SAA

Comparison between ROYCE QUANT SMALL-CAP QUALITY VALUE ETF (SQLV, ETF) and PROSHARES ULTRA SMALLCAP600 (SAA, ETF).

5-Year PerformanceSQLV has outperformed SAA, delivering a return of +6.8% compared to +2.4%

SQLV vs SAA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SQLV(ETF)	SAA(ETF)
Net Assets	$27M	$27M
Expense Ratio	0.60%	N/A
Max Drawdown	49.78%	88.08%
Sharpe Ratio	1.28	1.44
5Y Beta	0.93	2.09
P/E Ratio	19.34	38.02
Forward P/E	12.23	14.94
5Y Dividends CAGR	9.55%	117.49%
5Y EPS CAGR	9.46%	N/A
Debt to Equity	19.30%	65.02%
P/S Ratio	0.92	1.13
P/B Ratio	1.77	2.00

Net Assets

SQLV

$27M

SAA

$27M

Expense Ratio

SQLV

0.60%

SAA

N/A

Max Drawdown

Winner

SQLV

49.78%

SAA

88.08%

Sharpe Ratio

SQLV

1.28

Winner

SAA

1.44

5Y Beta

Winner

SQLV

0.93

SAA

2.09

P/E Ratio

Winner

SQLV

19.34

SAA

38.02

Forward P/E

Winner

SQLV

12.23

SAA

14.94

5Y Dividends CAGR

SQLV

9.55%

Winner

SAA

117.49%

5Y EPS CAGR

SQLV

9.46%

SAA

N/A

Debt to Equity

Winner

SQLV

19.30%

SAA

65.02%

P/S Ratio

Winner

SQLV

0.92

SAA

1.13

P/B Ratio

Winner

SQLV

1.77

SAA

2.00

SQLV vs SAA - Holdings Comparison

SQLV and SAA have 127 common holdings. Overlap is 11.59%

SQLV's top 25 holdings weight is 17.60%. SAA's top 25 holdings weight is 33.52%.

Rank	SQLV	SAA
#1	PENGUIN SOLUTIONS INC (PENG) - 1.02%	CTE PROSHARES TRUST M (n/a) - 11.92%
#2	IRIDIUM COMMUNICATIONS INC (IRDM) - 1.01%	S&P SMALLCAP 600 INDEX SWAP (n/a) - 10.29%
#3	VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 0.98%	CASH (n/a) - 3.33%
#4	ENPHASE ENERGY INC (ENPH) - 0.81%	SEMTECH CORP (SMTC) - 0.63%
#5	OSCAR HEALTH INC CLASS A (OSCR) - 0.78%	SANMINA CORP (SANM) - 0.57%
#6	FEDERATED HERMES INC CLASS B (FHI) - 0.77%	VIAVI SOLUTIONS INC (VIAV) - 0.46%
#7	SM ENERGY CO (SM) - 0.76%	MOLINA HEALTHCARE INC (MOH) - 0.45%
#8	NWPX INFRASTRUCTURE INC (NWPX) - 0.74%	ELEMENT SOLUTIONS INC (ESI) - 0.41%
#9	CRESCENT ENERGY CO CLASS A (CRGY) - 0.69%	FORMFACTOR INC (FORM) - 0.40%
#10	CORCEPT THERAPEUTICS INC (CORT) - 0.69%	BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.38%
#11	CABOT CORP (CBT) - 0.69%	VIASAT INC (VSAT) - 0.37%
#12	INTERNATIONAL BANCSHARES CORP (IBOC) - 0.68%	STONEX GROUP INC (SNEX) - 0.37%
#13	H&R BLOCK INC (HRB) - 0.67%	ARGAN INC (AGX) - 0.37%
#14	BENCHMARK ELECTRONICS INC (BHE) - 0.67%	EASTMAN CHEMICAL CO (EMN) - 0.36%
#15	n/a (DXC) - 0.65%	QORVO INC (QRVO) - 0.36%
#16	AVANOS MEDICAL INC (AVNS) - 0.65%	KRYSTAL BIOTECH INC (KRYS) - 0.35%
#17	STRIDE INC (LRN) - 0.64%	POWELL INDUSTRIES INC (POWL) - 0.35%
#18	KOHL'S CORP (KSS) - 0.62%	MATCH GROUP INC ORDINARY SHARES NEW (MTCH) - 0.35%
#19	MONARCH CASINO & RESORT INC (MCRI) - 0.61%	FIRST BANCORP (FBP) - 0.28%
#20	A10 NETWORKS INC (ATEN) - 0.61%	GRANITE CONSTRUCTION INC (GVA) - 0.26%
#21	LCI INDUSTRIES INC (LCII) - 0.59%	CAESARS ENTERTAINMENT INC (CZR) - 0.26%
#22	BATH & BODY WORKS INC (BBWI) - 0.57%	MAXLINEAR INC (MXL) - 0.25%
#23	FRESH DEL MONTE PRODUCE INC (FDP) - 0.57%	TG THERAPEUTICS INC (TGTX) - 0.25%
#24	CATHAY GENERAL BANCORP (CATY) - 0.57%	NOBLE CORP PLC CLASS A (NE) - 0.25%
#25	PHINIA INC (PHIN) - 0.56%	MERCURY SYSTEMS INC (MRCY) - 0.25%
Total Holdings	309	564

SQLV vs SAA - Historical Returns

Returns include dividend reinvestment.

Period	SQLV	SAA
1 month	+6.53%	+11.04%
3 months	+16.78%	+35.63%
6 months	+14.58%	+30.47%
1 year	+28.45%	+65.40%
5 years(CAGR)	+6.77%	+2.37%
10 years(CAGR)	+9.42%	+12.47%
Max(CAGR)	+9.42%	+9.26%

SQLV

+6.53%

Winner

SAA

+11.04%

SQLV

+16.78%

Winner

SAA

+35.63%

SQLV

+14.58%

Winner

SAA

+30.47%

SQLV

+28.45%

Winner

SAA

+65.40%

5Y(CAGR)

Winner

SQLV

+6.77%

SAA

+2.37%

10Y(CAGR)

SQLV

+9.42%

Winner

SAA

+12.47%

Max(CAGR)

Winner

SQLV

+9.42%

SAA

+9.26%

SQLV vs SAA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SQLV	SAA
2026	+17.85%	+35.30%
2025	+2.93%	+0.70%
2024	+5.13%	+7.64%
2023	+20.86%	+21.78%
2022	-13.66%	-37.46%
2021	+37.16%	+55.07%
2020	+7.04%	-1.51%
2019	+17.16%	+41.10%
2018	-10.70%	-22.64%
2017	+8.51%	+22.20%
2016	N/A	+61.96%
2015	N/A	-3.21%
2014	N/A	+10.10%
2013	N/A	+83.35%
2012	N/A	+26.34%
2011	N/A	-12.50%
2010	N/A	+43.64%
2009	N/A	+34.56%
2008	N/A	-61.19%
2007	N/A	-11.08%

SQLV vs SAA Drawdown Comparison

The maximum drawdown for SQLV was -48.31%, occurring on Mar 18, 2020. Recovery took 590 trading sessions.

The maximum drawdown for SAA was -87.40%, occurring on Mar 9, 2009. Recovery took 1535 trading sessions.

Rank	SQLV	SAA
#1	-48.31% Aug 21, 2018 - Dec 23, 2020	-87.40% Jun 4, 2007 - Jul 9, 2013
#2	-26.87% Dec 2, 2024 - Jan 15, 2026	-74.54% Aug 31, 2018 - Feb 5, 2021
#3	-23.81% Nov 11, 2021 - Dec 19, 2023	-55.35% Nov 5, 2021 - Jun 11, 2026
#4	-9.86% Jul 31, 2024 - Nov 6, 2024	-37.45% Jun 22, 2015 - Aug 15, 2016
#5	-8.60% Dec 26, 2023 - Jul 16, 2024	-22.75% Jul 1, 2014 - Dec 24, 2014
#6	-8.53% Jul 20, 2017 - Sep 28, 2017	-19.42% Jun 8, 2021 - Nov 3, 2021
#7	-8.08% Mar 12, 2021 - May 14, 2021	-18.47% Mar 12, 2021 - Jun 8, 2021
#8	-8.00% Jan 19, 2018 - Apr 17, 2018	-17.00% Jan 23, 2018 - May 10, 2018
#9	-7.70% Feb 6, 2026 - Apr 14, 2026	-15.91% Feb 22, 2007 - Apr 16, 2007
#10	-7.37% Jun 8, 2021 - Sep 27, 2021	-15.05% Sep 22, 2016 - Nov 11, 2016
#11	-4.94% Nov 11, 2024 - Nov 25, 2024	-14.53% Dec 26, 2013 - Mar 4, 2014
#12	-4.59% Jan 25, 2021 - Feb 8, 2021	-14.53% Mar 18, 2014 - Jul 1, 2014
#13	-3.86% May 8, 2026 - May 26, 2026	-13.05% Jul 25, 2017 - Sep 26, 2017
#14	-3.27% Jan 22, 2026 - Feb 6, 2026	-10.58% Jan 4, 2017 - Apr 26, 2017
#15	-2.92% Sep 27, 2021 - Oct 14, 2021	-10.28% Apr 26, 2017 - Jul 19, 2017

Correlation

Correlation between SQLV and SAA is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2007 - 2026)

SQLV vs SAA dividend yield comparison.

Year	SQLV	SAA
2026	0.23%	0.11%
2025	1.15%	1.05%
2024	1.11%	1.36%
2023	1.09%	0.88%
2022	1.24%	0.46%
2021	1.12%	0.00%
2020	1.22%	0.03%
2019	1.20%	0.35%
2018	1.08%	0.27%
2017	0.40%	0.00%
2016	0.00%	0.14%
2012	0.00%	0.05%
2011	0.00%	0.01%
2010	0.00%	0.02%
2009	0.00%	0.16%
2008	0.00%	1.00%
2007	0.00%	5.29%