Why Some Prefer to Short SQQQ (Instead of Holding TQQQ)

There are two main Leveraged QQQ ETFs:

• ProShares UltraPro QQQ (TQQQ), which aims for +3x daily moves.

• ProShares UltraPro Short QQQ (SQQQ), targeting -3x daily moves.

Below is a year-by-year comparison across 14 years: