^TNX vs. TQQQ
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) 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: ^TNX or TQQQ.
Key characteristics
| ^TNX | TQQQ | |
|---|---|---|
| YTD Return | 8.17% | 48.79% |
| 1Y Return | -15.07% | 112.24% |
| 3Y Return (Ann) | 36.49% | 2.60% |
| 5Y Return (Ann) | 18.99% | 37.05% |
| 10Y Return (Ann) | 6.31% | 36.91% |
| Sharpe Ratio | -0.68 | 2.04 |
| Sortino Ratio | -0.89 | 2.40 |
| Omega Ratio | 0.91 | 1.32 |
| Calmar Ratio | -0.29 | 1.65 |
| Martin Ratio | -1.00 | 8.79 |
| Ulcer Index | 16.10% | 12.13% |
| Daily Std Dev | 23.77% | 52.16% |
| Max Drawdown | -93.78% | -81.66% |
| Current Drawdown | -47.87% | -12.93% |
Correlation
The correlation between ^TNX and TQQQ is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^TNX vs. TQQQ - Performance Comparison
In the year-to-date period, ^TNX achieves a 8.17% return, which is significantly lower than TQQQ's 48.79% return. Over the past 10 years, ^TNX has underperformed TQQQ with an annualized return of 6.31%, while TQQQ has yielded a comparatively higher 36.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^TNX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) 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
^TNX vs. TQQQ - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^TNX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
^TNX vs. TQQQ - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 5.90%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 10.29%. This indicates that ^TNX 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.