ABEIX vs. TQQQ
Compare and contrast key facts about abrdn Intermediate Municipal Income Fund (ABEIX) and ProShares UltraPro QQQ (TQQQ).
ABEIX is managed by Aberdeen. It was launched on Mar 16, 1986. 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: ABEIX or TQQQ.
Key characteristics
| ABEIX | TQQQ | |
|---|---|---|
| YTD Return | 0.15% | 5.92% |
| 1Y Return | 3.42% | 102.01% |
| 3Y Return (Ann) | -0.73% | 1.21% |
| 5Y Return (Ann) | 0.76% | 26.64% |
| 10Y Return (Ann) | 1.47% | 36.00% |
| Sharpe Ratio | 0.94 | 2.02 |
| Daily Std Dev | 3.74% | 48.57% |
| Max Drawdown | -12.56% | -81.66% |
| Current Drawdown | -3.85% | -38.02% |
Correlation
The correlation between ABEIX and TQQQ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ABEIX vs. TQQQ - Performance Comparison
In the year-to-date period, ABEIX achieves a 0.15% return, which is significantly lower than TQQQ's 5.92% return. Over the past 10 years, ABEIX has underperformed TQQQ with an annualized return of 1.47%, while TQQQ has yielded a comparatively higher 36.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ABEIX vs. TQQQ - Expense Ratio Comparison
ABEIX has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
ABEIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Intermediate Municipal Income Fund (ABEIX) 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.
Dividends
ABEIX vs. TQQQ - Dividend Comparison
ABEIX's dividend yield for the trailing twelve months is around 3.65%, more than TQQQ's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEIX abrdn Intermediate Municipal Income Fund | 3.65% | 3.40% | 3.06% | 2.59% | 3.03% | 1.58% | 3.27% | 2.93% | 3.00% | 3.35% | 3.76% | 4.38% |
TQQQ ProShares UltraPro QQQ | 1.32% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
ABEIX vs. TQQQ - Drawdown Comparison
The maximum ABEIX drawdown since its inception was -12.56%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ABEIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ABEIX vs. TQQQ - Volatility Comparison
The current volatility for abrdn Intermediate Municipal Income Fund (ABEIX) is 0.81%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.30%. This indicates that ABEIX 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.