^DJUS vs. TQQQ

Last updated Jun 3, 2026

^DJUS (Dow Jones U.S. Index) is an index, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, ^DJUS returned 13.44%/yr vs 45.33%/yr for TQQQ. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

^DJUS vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Jones U.S. Index (^DJUS) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DJUS achieves a 11.30% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, ^DJUS has underperformed TQQQ with an annualized return of 13.44%, while TQQQ has yielded a comparatively higher 45.33% annualized return.

^DJUS

• 1D: 0.22%
• 1M: 5.33%
• YTD: 11.30%
• 6M: 11.51%
• 1Y: 27.98%
• 3Y*: 20.99%
• 5Y*: 11.91%
• 10Y*: 13.44%

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^DJUS vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DJUS Dow Jones U.S. Index	11.30%	15.89%	22.77%	24.51%	-20.68%	24.80%	18.31%	28.62%	-6.76%	19.16%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between ^DJUS and TQQQ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.90

The correlation between ^DJUS and TQQQ has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

^DJUS vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DJUS

^DJUS Risk / Return Rank: 76
^DJUS Sharpe Ratio Rank: 73
^DJUS Sortino Ratio Rank: 73
^DJUS Omega Ratio Rank: 73
^DJUS Calmar Ratio Rank: 76
^DJUS Martin Ratio Rank: 84

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^DJUS vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Index (^DJUS) and ProShares UltraPro QQQ (TQQQ). 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.

	^DJUS	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.92	-0.59
Sortino ratio Return per unit of downside risk	3.18	3.09	+0.09
Omega ratio Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio Return relative to maximum drawdown	3.13	3.75	-0.62
Martin ratio Return relative to average drawdown	14.33	12.27	+2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DJUS vs. TQQQ - Sharpe Ratio Comparison

The current ^DJUS Sharpe Ratio is 2.33, which is comparable to the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of ^DJUS and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^DJUS	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.92	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.43	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.69	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.74	-0.40

Drawdowns

^DJUS vs. TQQQ - Drawdown Comparison

The maximum ^DJUS drawdown since its inception was -56.62%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^DJUS and TQQQ.

Drawdown Indicators

	^DJUS	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-56.62%	-81.66%	+25.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-36.97%	+27.88%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-58.04%	+38.64%
Max Drawdown (5Y) Largest decline over 5 years	-26.24%	-81.66%	+55.42%
Max Drawdown (10Y) Largest decline over 10 years	-45.22%	-81.66%	+36.44%
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-13.34%	-18.52%	+5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	11.28%	-9.29%

Volatility

^DJUS vs. TQQQ - Volatility Comparison

The current volatility for Dow Jones U.S. Index (^DJUS) is 2.89%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that ^DJUS experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DJUS	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	13.29%	-10.40%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	36.04%	-26.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	47.60%	-35.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	66.53%	-49.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	65.96%	-45.96%

Frequently Asked Questions

Can I hold both ^DJUS and TQQQ in my portfolio?

With a correlation of 0.94, ^DJUS and TQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ^DJUS or TQQQ?

TQQQ has higher volatility (13.29%) compared to ^DJUS (2.89%). In terms of maximum drawdown, ^DJUS dropped -56.62% vs TQQQ's -81.66%.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.