18MF.DE vs. TQQQ

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) and ProShares UltraPro QQQ (TQQQ).

18MF.DE and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 18MF.DE is a passively managed fund by Amundi that tracks the performance of the MSCI USA Index (200%). It was launched on Jun 16, 2009. 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. Both 18MF.DE and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

18MF.DE vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

18MF.DE vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
18MF.DE Amundi ETF Leveraged MSCI USA Daily UCITS ETF	-7.40%	1.66%	64.13%	43.13%	-33.43%	88.19%	5.29%	77.81%	-5.75%	12.05%
TQQQ ProShares UltraPro QQQ	-16.60%	18.41%	68.72%	189.11%	-77.79%	96.67%	92.74%	139.12%	-16.02%	91.26%

Different Trading Currencies

18MF.DE is traded in EUR, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 18MF.DE achieves a -7.40% return, which is significantly higher than TQQQ's -16.60% return. Over the past 10 years, 18MF.DE has underperformed TQQQ with an annualized return of 22.69%, while TQQQ has yielded a comparatively higher 35.11% annualized return.

18MF.DE

• 1D: 3.52%
• 1M: -6.47%
• YTD: -7.40%
• 6M: -3.02%
• 1Y: 13.24%
• 3Y*: 26.36%
• 5Y*: 17.61%
• 10Y*: 22.69%

TQQQ

• 1D: 3.61%
• 1M: -11.96%
• YTD: -16.60%
• 6M: -16.11%
• 1Y: 38.58%
• 3Y*: 43.73%
• 5Y*: 13.96%
• 10Y*: 35.11%

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

18MF.DE vs. TQQQ - Expense Ratio Comparison

18MF.DE has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

TQQQ

ProShares UltraPro QQQ

18MF.DE

Amundi ETF Leveraged MSCI USA Daily UCITS ETF

Return for Risk

18MF.DE vs. TQQQ — Risk / Return Rank

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

18MF.DE

18MF.DE Risk / Return Rank: 26
18MF.DE Sharpe Ratio Rank: 22
18MF.DE Sortino Ratio Rank: 24
18MF.DE Omega Ratio Rank: 25
18MF.DE Calmar Ratio Rank: 30
18MF.DE Martin Ratio Rank: 29

TQQQ

TQQQ Risk / Return Rank: 47
TQQQ Sharpe Ratio Rank: 37
TQQQ Sortino Ratio Rank: 51
TQQQ Omega Ratio Rank: 50
TQQQ Calmar Ratio Rank: 53
TQQQ Martin Ratio Rank: 44

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.

18MF.DE vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) 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.

	18MF.DE	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	0.38	0.56	-0.18
Sortino ratio Return per unit of downside risk	0.74	1.22	-0.49
Omega ratio Gain probability vs. loss probability	1.11	1.18	-0.07
Calmar ratio Return relative to maximum drawdown	0.79	1.16	-0.37
Martin ratio Return relative to average drawdown	2.60	3.29	-0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

18MF.DE vs. TQQQ - Sharpe Ratio Comparison

The current 18MF.DE Sharpe Ratio is 0.38, which is lower than the TQQQ Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of 18MF.DE and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	18MF.DE	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	0.56	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.21	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.54	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.68	+0.09

Correlation

The correlation between 18MF.DE and TQQQ is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

18MF.DE vs. TQQQ - Dividend Comparison

18MF.DE has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.73%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
18MF.DE Amundi ETF Leveraged MSCI USA Daily UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.73%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Drawdowns

18MF.DE vs. TQQQ - Drawdown Comparison

The maximum 18MF.DE drawdown since its inception was -59.67%, smaller than the maximum TQQQ drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for 18MF.DE and TQQQ.

Drawdown Indicators

	18MF.DE	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-59.67%	-81.66%	+21.99%
Max Drawdown (1Y) Largest decline over 1 year	-25.90%	-36.97%	+11.07%
Max Drawdown (5Y) Largest decline over 5 years	-42.90%	-81.66%	+38.76%
Max Drawdown (10Y) Largest decline over 10 years	-59.67%	-81.66%	+21.99%
Current Drawdown Current decline from peak	-12.65%	-28.08%	+15.43%
Average Drawdown Average peak-to-trough decline	-9.99%	-18.66%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	12.13%	-7.00%

Volatility

18MF.DE vs. TQQQ - Volatility Comparison

The current volatility for Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) is 7.71%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 18.62%. This indicates that 18MF.DE 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

	18MF.DE	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.71%	18.62%	-10.91%
Volatility (6M) Calculated over the trailing 6-month period	17.50%	38.27%	-20.77%
Volatility (1Y) Calculated over the trailing 1-year period	34.47%	68.65%	-34.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.96%	65.26%	-34.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.58%	65.34%	-32.76%