TQQQ vs SHY

Comparison between PROSHARES ULTRAPRO QQQ (TQQQ, ETF) and ISHARES 1-3 YEAR TREASURY BOND ETF (SHY, ETF).

5-Year PerformanceTQQQ has outperformed SHY, delivering a return of +25.2% compared to +1.7%

TQQQ vs SHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TQQQ(ETF)	SHY(ETF)
Net Assets	$25B	$25B
Expense Ratio	N/A	0.15%
Max Drawdown	81.75%	7.25%
Sharpe Ratio	2.18	-0.22
5Y Beta	3.64	-0.00
P/E Ratio	36.32	N/A
Forward P/E	24.34	N/A
PEG Ratio	0.44	N/A
5Y Dividends CAGR	543.57%	44.93%
Debt to Equity	36.14%	N/A

Net Assets

TQQQ

$25B

Winner

SHY

$25B

Expense Ratio

TQQQ

N/A

SHY

0.15%

Max Drawdown

TQQQ

81.75%

Winner

SHY

7.25%

Sharpe Ratio

Winner

TQQQ

2.18

SHY

-0.22

5Y Beta

TQQQ

3.64

Winner

SHY

-0.00

P/E Ratio

TQQQ

36.32

SHY

N/A

Forward P/E

TQQQ

24.34

SHY

N/A

PEG Ratio

TQQQ

0.44

SHY

N/A

5Y Dividends CAGR

Winner

TQQQ

543.57%

SHY

44.93%

Debt to Equity

TQQQ

36.14%

SHY

N/A

TQQQ vs SHY - Historical Returns

Returns include dividend reinvestment.

Period	TQQQ	SHY
1 month	+58.92%	+0.15%
3 months	+47.67%	+0.16%
6 months	+44.68%	+1.14%
1 year	+159.88%	+3.57%
5 years(CAGR)	+25.22%	+1.73%
10 years(CAGR)	+45.15%	+1.65%
Max(CAGR)	+43.95%	+1.96%

Winner

TQQQ

+58.92%

SHY

+0.15%

Winner

TQQQ

+47.67%

SHY

+0.16%

Winner

TQQQ

+44.68%

SHY

+1.14%

Winner

TQQQ

+159.88%

SHY

+3.57%

5Y(CAGR)

Winner

TQQQ

+25.22%

SHY

+1.73%

10Y(CAGR)

Winner

TQQQ

+45.15%

SHY

+1.65%

Max(CAGR)

Winner

TQQQ

+43.95%

SHY

+1.96%

TQQQ vs SHY - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	TQQQ	SHY
2026	+45.95%	+0.49%
2025	+35.23%	+4.98%
2024	+66.68%	+4.04%
2023	+205.14%	+4.07%
2022	-79.67%	-3.77%
2021	+91.35%	-0.73%
2020	+100.13%	+2.99%
2019	+130.53%	+3.37%
2018	-23.72%	+1.50%
2017	+112.91%	+0.34%
2016	+18.63%	+0.69%
2015	+18.20%	+0.32%
2014	+60.84%	+0.40%
2013	+119.27%	+0.24%
2012	+44.08%	+0.34%
2011	-12.02%	+1.46%
2010	+78.04%	+2.14%
2009	N/A	+0.89%
2008	N/A	+6.42%
2007	N/A	+7.24%
2006	N/A	+3.75%
2005	N/A	+1.52%
2004	N/A	+0.91%
2003	N/A	+2.19%
2002	N/A	+2.03%

TQQQ vs SHY Drawdown Comparison

The maximum drawdown for TQQQ was -81.65%, occurring on Dec 28, 2022. Recovery took 763 trading sessions.

The maximum drawdown for SHY was -5.71%, occurring on Oct 20, 2022. Recovery took 713 trading sessions.

The current SHY drawdown is -0.20%.

Rank	TQQQ	SHY
#1	-81.65% Nov 19, 2021 - Dec 4, 2024	-5.71% Aug 2, 2021 - Jun 3, 2024
#2	-69.92% Feb 19, 2020 - Jul 10, 2020	-2.23% Mar 17, 2008 - Sep 15, 2008
#3	-58.08% Aug 29, 2018 - Nov 4, 2019	-1.90% Mar 24, 2004 - Oct 20, 2004
#4	-58.04% Dec 16, 2024 - Aug 12, 2025	-1.19% Dec 30, 2008 - Jul 8, 2009
#5	-44.54% Jul 20, 2015 - Sep 22, 2016	-1.07% Sep 7, 2017 - Nov 28, 2018
#6	-43.90% Jul 22, 2011 - Feb 8, 2012	-0.99% Jul 5, 2016 - Aug 11, 2017
#7	-43.11% Apr 23, 2010 - Oct 25, 2010	-0.98% Jun 13, 2003 - Sep 30, 2003
#8	-36.97% Oct 29, 2025 - Apr 22, 2026	-0.97% Sep 24, 2024 - Jan 27, 2025
#9	-35.37% Sep 2, 2020 - Dec 17, 2020	-0.89% Feb 27, 2026 - Mar 26, 2026
#10	-31.94% Apr 3, 2012 - Sep 6, 2012	-0.88% Sep 17, 2008 - Oct 2, 2008
#11	-31.89% Sep 19, 2012 - Apr 30, 2013	-0.87% Oct 25, 2004 - May 5, 2005
#12	-30.43% Feb 12, 2021 - Apr 13, 2021	-0.87% Dec 1, 2009 - Feb 5, 2010
#13	-29.68% Mar 12, 2018 - Jun 14, 2018	-0.81% Nov 1, 2010 - May 3, 2011
#14	-28.56% Jan 26, 2018 - Mar 9, 2018	-0.80% Oct 9, 2002 - Oct 31, 2002
#15	-25.35% Apr 27, 2011 - Jul 22, 2011	-0.75% Jul 10, 2009 - Aug 28, 2009

Correlation

Correlation between TQQQ and SHY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2002 - 2026)

TQQQ vs SHY dividend yield comparison.

Year	TQQQ	SHY
2026	0.09%	1.17%
2025	0.65%	3.81%
2024	1.27%	3.92%
2023	1.26%	2.99%
2022	0.57%	1.30%
2021	0.00%	0.26%
2020	0.00%	0.94%
2019	0.06%	2.12%
2018	0.11%	1.72%
2017	0.00%	0.98%
2016	0.00%	0.71%
2015	0.01%	0.54%
2014	0.02%	0.36%
2013	0.00%	0.26%
2012	0.00%	0.37%
2011	0.00%	0.81%
2010	0.00%	1.03%
2009	0.00%	2.41%
2008	0.00%	3.41%
2007	0.00%	4.27%
2006	0.00%	4.13%
2005	0.00%	3.05%
2004	0.00%	1.94%
2003	0.00%	1.59%
2002	0.00%	0.78%