SQQQ vs TBLL

Comparison between ProShares UltraPro Short QQQ -3x Shares (SQQQ, ETF) and INVESCO SHORT TERM TREASURY ETF (TBLL, ETF).

5-Year PerformanceTBLL has outperformed SQQQ, delivering a return of +3.3% compared to -49.0%

SQQQ vs TBLL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SQQQ(ETF)	TBLL(ETF)
Net Assets	$2.90B	$2.90B
Expense Ratio	N/A	0.08%
Max Drawdown	100.00%	1.30%
Sharpe Ratio	-2.20	1.51
5Y Beta	0.00	-0.00
5Y Dividends CAGR	-29.59%	59.75%

Net Assets

SQQQ

$2.90B

TBLL

$2.90B

Expense Ratio

SQQQ

N/A

TBLL

0.08%

Max Drawdown

SQQQ

100.00%

Winner

TBLL

1.30%

Sharpe Ratio

SQQQ

-2.20

Winner

TBLL

1.51

5Y Beta

SQQQ

0.00

Winner

TBLL

-0.00

5Y Dividends CAGR

SQQQ

-29.59%

Winner

TBLL

59.75%

SQQQ vs TBLL - Historical Returns

Returns include dividend reinvestment.

Period	SQQQ	TBLL
1 month	-37.56%	+0.30%
3 months	-38.20%	+0.84%
6 months	-35.90%	+1.78%
1 year	-64.63%	+3.97%
5 years(CAGR)	-49.00%	+3.31%
10 years(CAGR)	-55.94%	+2.37%
Max(CAGR)	-53.19%	+2.37%

SQQQ

-37.56%

Winner

TBLL

+0.30%

SQQQ

-38.20%

Winner

TBLL

+0.84%

SQQQ

-35.90%

Winner

TBLL

+1.78%

SQQQ

-64.63%

Winner

TBLL

+3.97%

5Y(CAGR)

SQQQ

-49.00%

Winner

TBLL

+3.31%

10Y(CAGR)

SQQQ

-55.94%

Winner

TBLL

+2.37%

Max(CAGR)

SQQQ

-53.19%

Winner

TBLL

+2.37%

SQQQ vs TBLL - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	SQQQ	TBLL
2026	-38.28%	+1.18%
2025	-53.38%	+4.21%
2024	-52.16%	+5.11%
2023	-74.21%	+4.98%
2022	+88.72%	+1.12%
2021	-62.50%	-0.02%
2020	-85.71%	+0.87%
2019	-65.39%	+2.16%
2018	-16.47%	+1.83%
2017	-57.63%	+0.62%
2016	-34.26%	N/A
2015	-37.90%	N/A
2014	-49.18%	N/A
2013	-60.89%	N/A
2012	-45.47%	N/A
2011	-33.84%	N/A
2010	-59.50%	N/A

SQQQ vs TBLL Drawdown Comparison

The maximum drawdown for SQQQ was -100.00%, occurring on May 11, 2026. This drawdown has not yet recovered.

The maximum drawdown for TBLL was -0.63%, occurring on Feb 14, 2022. Recovery took 631 trading sessions.

The current SQQQ drawdown is -100.00%.

Rank	SQQQ	TBLL
#1	-100.00% Feb 11, 2010 - May 11, 2026	-0.63% May 11, 2020 - Nov 9, 2022
#2	N/A	-0.52% Mar 18, 2020 - May 11, 2020
#3	N/A	-0.36% Sep 28, 2023 - Oct 20, 2023
#4	N/A	-0.18% Dec 19, 2023 - Dec 21, 2023
#5	N/A	-0.17% Apr 1, 2019 - Apr 4, 2019
#6	N/A	-0.16% Sep 24, 2018 - Oct 22, 2018
#7	N/A	-0.15% Dec 19, 2019 - Jan 23, 2020
#8	N/A	-0.14% Mar 13, 2020 - Mar 18, 2020
#9	N/A	-0.11% Dec 4, 2018 - Dec 7, 2018
#10	N/A	-0.10% Nov 10, 2022 - Nov 14, 2022
#11	N/A	-0.10% Nov 13, 2017 - Nov 28, 2017
#12	N/A	-0.10% Aug 17, 2018 - Aug 22, 2018
#13	N/A	-0.09% Nov 6, 2023 - Nov 9, 2023
#14	N/A	-0.08% Dec 15, 2023 - Dec 19, 2023
#15	N/A	-0.08% Jul 11, 2024 - Jul 15, 2024

Correlation

Correlation between SQQQ and TBLL is -0.60 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.60

-101