3X
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
SPXL Direxion Daily S&P 500 Bull 3X Shares | Leveraged Equities, Leveraged | 33% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 34% |
UDOW ProShares UltraPro Dow30 | Leveraged Equities, Leveraged | 33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 3X, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Feb 11, 2010, corresponding to the inception date of TQQQ
Returns By Period
As of Oct 18, 2024, the 3X returned 50.99% Year-To-Date and 31.19% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 22.95% | 4.39% | 18.07% | 37.09% | 14.48% | 11.71% |
| 3X | 52.49% | 7.42% | 49.69% | 121.16% | 29.85% | 30.37% |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | 48.79% | 6.77% | 51.91% | 122.26% | 37.04% | 36.55% |
UDOW ProShares UltraPro Dow30 | 38.39% | 7.89% | 39.73% | 100.02% | 15.57% | 22.45% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 66.27% | 7.78% | 53.15% | 134.30% | 27.36% | 25.99% |
Monthly Returns
The table below presents the monthly returns of 3X, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.26% | 11.81% | 5.63% | -14.16% | 13.20% | 10.70% | 2.17% | 3.32% | 5.27% | 52.49% | |||
| 2023 | 19.58% | -7.84% | 15.52% | 3.39% | 4.09% | 16.80% | 9.72% | -6.67% | -13.87% | -7.07% | 30.10% | 14.45% | 95.31% |
| 2022 | -17.23% | -11.61% | 9.03% | -26.03% | -3.71% | -23.68% | 29.46% | -14.12% | -27.71% | 25.43% | 14.75% | -18.28% | -59.01% |
| 2021 | -3.46% | 5.38% | 12.66% | 14.15% | 0.64% | 8.75% | 6.26% | 8.61% | -14.46% | 21.60% | -2.35% | 9.83% | 84.38% |
| 2020 | 1.40% | -22.44% | -45.63% | 38.44% | 15.10% | 8.14% | 15.89% | 27.54% | -13.32% | -10.91% | 36.42% | 11.96% | 28.43% |
| 2019 | 24.26% | 9.81% | 5.26% | 11.94% | -20.60% | 22.34% | 4.19% | -6.81% | 4.39% | 6.32% | 11.80% | 8.27% | 103.72% |
| 2018 | 20.81% | -10.77% | -11.25% | -0.51% | 9.05% | 0.64% | 10.70% | 11.25% | 1.67% | -21.11% | 2.07% | -26.16% | -22.24% |
| 2017 | 7.34% | 13.76% | 1.17% | 4.92% | 5.80% | -0.69% | 8.56% | 2.16% | 3.36% | 11.42% | 8.85% | 3.55% | 96.06% |
| 2016 | -17.86% | -1.96% | 21.97% | -2.48% | 5.90% | -2.10% | 14.25% | 1.21% | 1.41% | -4.35% | 10.12% | 6.43% | 30.54% |
| 2015 | -9.08% | 19.49% | -6.31% | 2.82% | 4.62% | -6.91% | 6.96% | -19.86% | -7.43% | 30.62% | 1.24% | -5.78% | 0.77% |
| 2014 | -10.72% | 14.17% | -1.67% | 0.48% | 7.75% | 5.99% | -1.91% | 12.83% | -2.82% | 5.94% | 10.59% | -3.30% | 40.15% |
| 2013 | 13.85% | 2.68% | 10.68% | 6.10% | 8.01% | -6.18% | 16.82% | -7.60% | 10.72% | 12.23% | 10.11% | 8.65% | 123.23% |
Expense Ratio
3X has a high expense ratio of 0.97%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of 3X is 39, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 2.04 | 2.40 | 1.32 | 1.65 | 8.79 |
UDOW ProShares UltraPro Dow30 | 2.83 | 3.27 | 1.44 | 2.05 | 15.04 |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 3.25 | 3.50 | 1.48 | 2.27 | 19.60 |
Dividends
Dividend yield
3X granted a 0.96% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3X | 0.96% | 1.06% | 0.57% | 0.12% | 0.14% | 0.50% | 0.61% | 1.32% | 0.22% | 0.07% | 0.16% | 0.12% |
| Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
UDOW ProShares UltraPro Dow30 | 0.88% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.71% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the 3X. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 3X was 75.07%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current 3X drawdown is 1.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.07% | Feb 20, 2020 | 23 | Mar 23, 2020 | 179 | Dec 4, 2020 | 202 |
| -66.32% | Jan 4, 2022 | 195 | Oct 12, 2022 | 418 | Jun 12, 2024 | 613 |
| -51.76% | Oct 4, 2018 | 56 | Dec 24, 2018 | 145 | Jul 24, 2019 | 201 |
| -46.69% | May 2, 2011 | 108 | Oct 3, 2011 | 101 | Feb 28, 2012 | 209 |
| -41.17% | Apr 26, 2010 | 49 | Jul 2, 2010 | 87 | Nov 4, 2010 | 136 |
Volatility
Volatility Chart
The current 3X volatility is 7.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| TQQQ | UDOW | SPXL | |
|---|---|---|---|
| TQQQ | 1.00 | 0.76 | 0.90 |
| UDOW | 0.76 | 1.00 | 0.93 |
| SPXL | 0.90 | 0.93 | 1.00 |