SQQQ vs USO

Comparison between ProShares UltraPro Short QQQ -3x Shares (SQQQ, ETF) and United States Oil Fund (USO, ETF).

5-Year PerformanceUSO has outperformed SQQQ, delivering a return of +24.6% compared to -48.1%

SQQQ vs USO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SQQQ(ETF)	USO(ETF)
Net Assets	$2.60B	$2.60B
Expense Ratio	N/A	0.86%
Max Drawdown	100.00%	98.19%
Sharpe Ratio	-2.24	1.86
5Y Beta	0.00	0.08
5Y Dividends CAGR	-29.59%	N/A

Net Assets

SQQQ

$2.60B

USO

$2.60B

Expense Ratio

SQQQ

N/A

USO

0.86%

Max Drawdown

SQQQ

100.00%

Winner

USO

98.19%

Sharpe Ratio

SQQQ

-2.24

Winner

USO

1.86

5Y Beta

Winner

SQQQ

0.00

USO

0.08

5Y Dividends CAGR

SQQQ

-29.59%

USO

N/A

SQQQ vs USO - Historical Returns

Returns include dividend reinvestment.

Period	SQQQ	USO
1 month	-38.48%	+7.23%
3 months	-37.26%	+71.23%
6 months	-39.14%	+87.47%
1 year	-68.56%	+103.64%
5 years(CAGR)	-48.11%	+24.62%
10 years(CAGR)	-55.99%	+4.57%
Max(CAGR)	-53.18%	-6.76%

SQQQ

-38.48%

Winner

USO

+7.23%

SQQQ

-37.26%

Winner

USO

+71.23%

SQQQ

-39.14%

Winner

USO

+87.47%

SQQQ

-68.56%

Winner

USO

+103.64%

5Y(CAGR)

SQQQ

-48.11%

Winner

USO

+24.62%

10Y(CAGR)

SQQQ

-55.99%

Winner

USO

+4.57%

Max(CAGR)

SQQQ

-53.18%

Winner

USO

-6.76%

SQQQ vs USO - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	SQQQ	USO
2026	-37.77%	+93.72%
2025	-53.38%	-10.10%
2024	-52.16%	+14.87%
2023	-74.21%	-1.46%
2022	+88.72%	+27.87%
2021	-62.50%	+67.88%
2020	-85.71%	-67.79%
2019	-65.39%	+30.05%
2018	-16.47%	-19.97%
2017	-57.63%	+4.98%
2016	-34.26%	+6.74%
2015	-37.90%	-44.70%
2014	-49.18%	-40.52%
2013	-60.89%	+4.44%
2012	-45.47%	-15.92%
2011	-33.84%	-2.41%
2010	-59.50%	-3.15%
2009	N/A	+10.24%
2008	N/A	-57.82%
2007	N/A	+53.36%
2006	N/A	-24.14%

SQQQ vs USO Drawdown Comparison

The maximum drawdown for SQQQ was -100.00%, occurring on May 8, 2026. This drawdown has not yet recovered.

The maximum drawdown for USO was -98.19%, occurring on Apr 28, 2020. This drawdown has not yet recovered.

The current SQQQ drawdown is -100.00%. The current USO drawdown is -85.79%.

Rank	SQQQ	USO
#1	-100.00% Feb 11, 2010 - May 8, 2026	-98.19% Jul 14, 2008 - Apr 28, 2020
#2	N/A	-40.98% Jul 13, 2006 - Oct 31, 2007
#3	N/A	-12.04% Jan 2, 2008 - Feb 19, 2008
#4	N/A	-11.18% Nov 20, 2007 - Jan 2, 2008
#5	N/A	-10.48% Apr 21, 2006 - Jul 13, 2006
#6	N/A	-8.61% May 21, 2008 - Jun 6, 2008
#7	N/A	-7.97% Mar 13, 2008 - Apr 9, 2008
#8	N/A	-6.15% Jul 2, 2008 - Jul 11, 2008
#9	N/A	-5.85% Nov 6, 2007 - Nov 20, 2007
#10	N/A	-5.55% Apr 28, 2008 - May 5, 2008
#11	N/A	-4.69% Jun 6, 2008 - Jun 26, 2008
#12	N/A	-2.55% Feb 28, 2008 - Mar 5, 2008
#13	N/A	-2.51% Feb 20, 2008 - Feb 26, 2008
#14	N/A	-2.08% Apr 23, 2008 - Apr 25, 2008
#15	N/A	-1.97% May 9, 2008 - May 16, 2008