^IMXL vs. TQQQ
Compare and contrast key facts about Dow Jones Islamic Market Titans 100 Index (^IMXL) and ProShares UltraPro QQQ (TQQQ).
TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IMXL or TQQQ.
Correlation
The correlation between ^IMXL and TQQQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^IMXL vs. TQQQ - Performance Comparison
Key characteristics
^IMXL:
1.32
TQQQ:
1.48
^IMXL:
1.79
TQQQ:
1.94
^IMXL:
1.27
TQQQ:
1.26
^IMXL:
1.57
TQQQ:
1.68
^IMXL:
5.83
TQQQ:
6.27
^IMXL:
2.86%
TQQQ:
12.66%
^IMXL:
12.62%
TQQQ:
53.55%
^IMXL:
-48.36%
TQQQ:
-81.66%
^IMXL:
-2.36%
TQQQ:
-11.38%
Returns By Period
In the year-to-date period, ^IMXL achieves a 1.07% return, which is significantly lower than TQQQ's 4.13% return. Over the past 10 years, ^IMXL has underperformed TQQQ with an annualized return of 11.52%, while TQQQ has yielded a comparatively higher 37.02% annualized return.
^IMXL
1.07%
-0.91%
3.04%
29.99%
12.93%
11.52%
TQQQ
4.13%
-4.15%
1.61%
82.40%
31.11%
37.02%
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Risk-Adjusted Performance
^IMXL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Islamic Market Titans 100 Index (^IMXL) 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.
Drawdowns
^IMXL vs. TQQQ - Drawdown Comparison
The maximum ^IMXL drawdown since its inception was -48.36%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^IMXL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
^IMXL vs. TQQQ - Volatility Comparison
The current volatility for Dow Jones Islamic Market Titans 100 Index (^IMXL) is 4.16%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.18%. This indicates that ^IMXL 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.