SPDN vs SQQQ: returns, Sharpe ratio and drawdown

Over the past year, SPDN returned -10.98% against -45.71% for SQQQ. Over five years, SPDN averaged -10.35% a year, compared with -46.24% for SQQQ. SQQQ had the higher Sharpe ratio over the past year (-0.82 vs -1.20), meaning more return for each unit of volatility. The worst peak-to-trough drop over the past year was -18.87% for SPDN and -64.40% for SQQQ.