SQQQ vs TZA
ProShares UltraPro Short QQQ compared with Direxion Daily Small Cap Bear 3X Shares on yield, payout growth, payment schedule, cost and risk.
SQQQ
ProShares UltraPro Short QQQ
TTM yield · Quarterly
TZA
Direxion Daily Small Cap Bear 3X Shares
TTM yield · Quarterly
Quick take
- SQQQ yields more today: 5.19% vs 3.92% (forward).
- TZA has grown its payout faster: -42.3%/yr vs -48.4%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year TZA delivered the higher total return: -39.0% vs -47.8% (price change plus payouts).
- SQQQ is cheaper to own: 0.94% vs 0.99% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SQQQ | TZA |
|---|---|---|
| Share price | $36.48 | $48.22 |
| TTM yield | 8.92% | 3.93% |
| Forward yield | 5.19% | 3.92% |
| Annual payout per share | $1.892 | $1.892 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 23, 2026 (est.) | Dec 22, 2026 (est.) |
| Expense ratio | 0.94% | 0.99% |
| 1-year payout growth | -63.8% | -56.1% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 26/100 | 31/100 |
| 1-year total return | -47.8% | -39.0% |
| 1-year price return | -52.1% | -41.3% |
| Size (market cap / AUM) | 2.1B | 239.1M |
| Years paying | 10.6 | 8.6 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SQQQ | TZA | |
|---|---|---|
| Shares | 274.1 | 207.4 |
| Income per year | $519 | $392 |
| Income per month (avg) | $43 | $33 |
At forward yields, before taxes. Model SQQQ · Model TZA
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SQQQ Dec 23, 2026 | Dec 29, 2026 | $0.473 | Est. |
| SQQQ Mar 24, 2027 | Mar 30, 2027 | $0.473 | Est. |
| SQQQ Jun 23, 2027 | Jun 29, 2027 | $0.473 | Est. |
| TZA Dec 22, 2026 | Jan 5, 2027 | $0.473 | Est. |
| TZA Mar 23, 2027 | Apr 6, 2027 | $0.473 | Est. |
| TZA Jun 22, 2027 | Jul 6, 2027 | $0.473 | Est. |
Annual payouts per share
SQQQTZA
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SQQQ or TZA?
SQQQ currently has the higher trailing yield: SQQQ yields 8.92% and TZA yields 3.93%. Yield changes daily with price, so check the live figures above.
How often do SQQQ and TZA pay?
SQQQ pays every quarter and TZA pays every quarter. SQQQ's next ex-date is Dec 23, 2026 and TZA's is Dec 22, 2026.
Which has grown its dividend faster, SQQQ or TZA?
TZA has grown its payout faster: -42.3%/yr vs -48.4%/yr over the last 3 years.
Is SQQQ or TZA better for income?
It depends on what you are optimising for. SQQQ and TZA differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.