ALMIX vs. TQQQ
Compare and contrast key facts about Invesco Short Duration Inflation Protected Fund (ALMIX) and ProShares UltraPro QQQ (TQQQ).
ALMIX is managed by Invesco. It was launched on Jul 12, 1987. 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: ALMIX or TQQQ.
Key characteristics
| ALMIX | TQQQ | |
|---|---|---|
| YTD Return | 0.92% | 17.13% |
| 1Y Return | 2.41% | 106.83% |
| 3Y Return (Ann) | 1.01% | 8.33% |
| 5Y Return (Ann) | 2.73% | 31.80% |
| 10Y Return (Ann) | 1.88% | 37.25% |
| Sharpe Ratio | 0.80 | 2.24 |
| Daily Std Dev | 3.02% | 48.42% |
| Max Drawdown | -6.61% | -81.66% |
| Current Drawdown | -0.73% | -31.46% |
Correlation
The correlation between ALMIX and TQQQ is 0.01, 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
ALMIX vs. TQQQ - Performance Comparison
In the year-to-date period, ALMIX achieves a 0.92% return, which is significantly lower than TQQQ's 17.13% return. Over the past 10 years, ALMIX has underperformed TQQQ with an annualized return of 1.88%, while TQQQ has yielded a comparatively higher 37.25% 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.
ALMIX vs. TQQQ - Expense Ratio Comparison
ALMIX has a 0.30% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
ALMIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Inflation Protected Fund (ALMIX) 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
ALMIX vs. TQQQ - Dividend Comparison
ALMIX's dividend yield for the trailing twelve months is around 2.86%, more than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMIX Invesco Short Duration Inflation Protected Fund | 2.86% | 3.24% | 7.59% | 4.38% | 1.19% | 2.02% | 2.80% | 2.19% | 1.53% | 0.08% | 0.12% | 0.10% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
ALMIX vs. TQQQ - Drawdown Comparison
The maximum ALMIX drawdown since its inception was -6.61%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ALMIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ALMIX vs. TQQQ - Volatility Comparison
The current volatility for Invesco Short Duration Inflation Protected Fund (ALMIX) is 0.56%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.48%. This indicates that ALMIX 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.