Rockwell Automation vs ProShares UltraPro Short QQQ ETF — how do they compare? Rockwell Automation trades at $466.2 (market cap $51.04B), while ProShares UltraPro Short QQQ ETF trades at $40.47. The key difference: Rockwell Automation pays a 1.2% dividend while ProShares UltraPro Short QQQ ETF pays none, and Rockwell Automation is trading nearer its 52-week high, ProShares UltraPro Short QQQ ETF nearer its low. Which is the better fit depends on your goals.
| ROK | SQQQ | |
|---|---|---|
Market Cap | $51.04B | — |
Sector | Industrials | Leveraged / Inverse |
52-Week High | $495.08 | $97.60 |
52-Week Low | $328.67 | $36.31 |
Enterprise Value | $54.67B | — |
Dividend Yield | 1.2% | — |
Trailing returns across standard periods
Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with Schlumberger.
Read more on ROK →SQQQ is a leveraged inverse ETF that seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. It is a tactical trading tool designed for sophisticated investors to profit from or hedge against declines in large-cap technology and growth stocks. Due to its daily reset and the effects of compounding, it is intended for short-term use and carries significant risk if held during periods of high market volatility.
Read more on SQQQ →