^VXN vs. TQQQ
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) 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: ^VXN or TQQQ.
Correlation
The correlation between ^VXN and TQQQ is 0.90, 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
^VXN vs. TQQQ - Performance Comparison
Key characteristics
^VXN:
0.40
TQQQ:
0.10
^VXN:
1.54
TQQQ:
0.67
^VXN:
1.18
TQQQ:
1.09
^VXN:
0.54
TQQQ:
0.13
^VXN:
1.33
TQQQ:
0.35
^VXN:
33.65%
TQQQ:
21.44%
^VXN:
113.11%
TQQQ:
74.54%
^VXN:
-87.21%
TQQQ:
-81.66%
^VXN:
-66.38%
TQQQ:
-38.80%
Returns By Period
In the year-to-date period, ^VXN achieves a 36.09% return, which is significantly higher than TQQQ's -28.08% return. Over the past 10 years, ^VXN has underperformed TQQQ with an annualized return of 5.83%, while TQQQ has yielded a comparatively higher 29.09% annualized return.
^VXN
36.09%
-27.99%
20.49%
55.63%
-4.18%
5.83%
TQQQ
-28.08%
38.09%
-21.72%
-1.81%
26.95%
29.09%
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Risk-Adjusted Performance
^VXN vs. TQQQ — Risk-Adjusted Performance Rank
^VXN
TQQQ
^VXN vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) 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
^VXN vs. TQQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.21%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^VXN and TQQQ. For additional features, visit the drawdowns tool.
Volatility
^VXN vs. TQQQ - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) and ProShares UltraPro QQQ (TQQQ) have volatilities of 38.64% and 39.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.