3X
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 34% |
UDOW ProShares UltraPro Dow30 | Leveraged Equities, Leveraged | 33% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | Leveraged Equities, Leveraged | 33% |
Performance
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
Returns
As of Sep 21, 2023, the 3X returned 52.31% Year-To-Date and 27.06% of annualized return in the last 10 years.
| 1 month | 6 months | Year-To-Date | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
| Benchmark | 0.33% | 11.48% | 14.66% | 16.16% | 8.51% | 9.99% |
| 3X | 0.21% | 33.01% | 52.31% | 51.00% | 12.32% | 27.21% |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | -0.28% | 48.68% | 120.94% | 65.33% | 17.64% | 35.39% |
UDOW ProShares UltraPro Dow30 | 0.74% | 18.08% | 4.53% | 31.91% | 1.52% | 18.57% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.10% | 31.33% | 38.05% | 34.94% | 9.78% | 22.14% |
| Returns over 1 year are annualized | ||||||
Asset Correlations Table
| TQQQ | UDOW | SPXL | |
|---|---|---|---|
| TQQQ | 1.00 | 0.77 | 0.90 |
| UDOW | 0.77 | 1.00 | 0.93 |
| SPXL | 0.90 | 0.93 | 1.00 |
Dividend yield
3X granted a 1.21% dividend yield in the last twelve months.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3X | 1.21% | 0.58% | 0.12% | 0.14% | 0.51% | 0.63% | 1.37% | 0.09% | 0.08% | 0.17% | 0.12% | 0.11% |
| Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.36% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% | 0.00% |
UDOW ProShares UltraPro Dow30 | 1.27% | 0.84% | 0.27% | 0.19% | 0.63% | 0.75% | 0.13% | 0.27% | 0.22% | 0.48% | 0.37% | 0.34% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.99% | 0.33% | 0.11% | 0.23% | 0.85% | 1.05% | 4.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Expense Ratio
The 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
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 | Ulcer Index | |
|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.77 | ||||
UDOW ProShares UltraPro Dow30 | 0.48 | ||||
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.45 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the 3X. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the 3X is 75.07%, recorded on Mar 23, 2020. It took 179 trading sessions for the portfolio to recover.
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 | — | — | — |
| -51.76% | Oct 4, 2018 | 56 | Dec 24, 2018 | 145 | Jul 24, 2019 | 201 |
| -46.7% | 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 Chart
The current 3X volatility is 10.79%, 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.