AAAA vs. TQQQ

Last updated Jun 24, 2026

AAAA (Amplius Aggressive Asset Allocation ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - AAAA is a Diversified Portfolio fund actively managed by Amplius, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). AAAA is actively managed, while TQQQ is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. AAAA charges 0.49%/yr vs 0.95%/yr for TQQQ.

Performance

AAAA vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplius Aggressive Asset Allocation ETF (AAAA) 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, AAAA achieves a 10.19% return, which is significantly lower than TQQQ's 41.43% return.

AAAA

• 1D: -1.62%
• 1M: -0.31%
• YTD: 10.19%
• 6M: 9.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -9.86%
• 1M: -4.37%
• YTD: 41.43%
• 6M: 35.75%
• 1Y: 100.69%
• 3Y*: 58.02%
• 5Y*: 21.47%
• 10Y*: 45.48%

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

AAAA vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
AAAA Amplius Aggressive Asset Allocation ETF	10.19%	10.11%
TQQQ ProShares UltraPro QQQ	41.43%	24.61%

Correlation

The correlation between AAAA 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 (All Time) Calculated using the full available price history since Jul 16, 2025	0.94

Return for Risk

AAAA vs. TQQQ — Risk / Return Rank

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

AAAA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TQQQ

TQQQ Risk / Return Rank: 53
TQQQ Sharpe Ratio Rank: 58
TQQQ Sortino Ratio Rank: 47
TQQQ Omega Ratio Rank: 49
TQQQ Calmar Ratio Rank: 57
TQQQ Martin Ratio Rank: 52

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.

AAAA vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplius Aggressive Asset Allocation ETF (AAAA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAAA	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.27	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.74	—
Martin ratio: Return relative to average drawdown	—	8.72	—

Drawdowns

AAAA vs. TQQQ - Drawdown Comparison

The maximum AAAA drawdown since its inception was -7.83%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AAAA and TQQQ.

Drawdown Indicators

	AAAA	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.83%	-81.66%	+73.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-2.49%	-14.65%	+12.16%
Average Drawdown Average peak-to-trough decline	-1.04%	-18.49%	+17.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.59%	—

Volatility

Volatility by Period

	AAAA	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	53.39%	-41.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	67.41%	-55.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.87%	66.32%	-54.45%

AAAA vs. TQQQ - Expense Ratio Comparison

AAAA has a 0.49% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

AAAA vs. TQQQ - Dividend Comparison

AAAA's dividend yield for the trailing twelve months is around 0.80%, more than TQQQ's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAA Amplius Aggressive Asset Allocation ETF	0.80%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.42%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both AAAA and TQQQ in my portfolio?

With a correlation of 0.94, AAAA 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 ETF is better, AAAA or TQQQ?

On fees, AAAA is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAA or TQQQ?

AAAA is cheaper with a 0.49% expense ratio, compared with 0.95% for TQQQ.

Which ETF pays a higher dividend yield, AAAA or TQQQ?

AAAA has the higher dividend yield at 0.80%, compared with 0.42% for TQQQ.

What is the main difference between AAAA and TQQQ?

AAAA is categorized as Diversified Portfolio, while TQQQ is Leveraged Equities. They also come from different issuers: Amplius and ProShares. Their fees differ too: 0.49% for AAAA and 0.95% for TQQQ.