ALT vs. TQQQ
Compare and contrast key facts about Altimmune, Inc. (ALT) 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: ALT or TQQQ.
Correlation
The correlation between ALT and TQQQ is 0.19, 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
ALT vs. TQQQ - Performance Comparison
Key characteristics
ALT:
-0.27
TQQQ:
1.02
ALT:
0.19
TQQQ:
1.52
ALT:
1.02
TQQQ:
1.20
ALT:
-0.24
TQQQ:
1.30
ALT:
-0.53
TQQQ:
4.20
ALT:
46.19%
TQQQ:
13.17%
ALT:
89.35%
TQQQ:
54.43%
ALT:
-99.94%
TQQQ:
-81.66%
ALT:
-99.75%
TQQQ:
-2.78%
Returns By Period
In the year-to-date period, ALT achieves a -5.96% return, which is significantly lower than TQQQ's 14.24% return. Over the past 10 years, ALT has underperformed TQQQ with an annualized return of -35.17%, while TQQQ has yielded a comparatively higher 35.19% annualized return.
ALT
-5.96%
-1.17%
-1.31%
-19.29%
31.10%
-35.17%
TQQQ
14.24%
8.73%
26.68%
63.46%
28.35%
35.19%
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Risk-Adjusted Performance
ALT vs. TQQQ — Risk-Adjusted Performance Rank
ALT
TQQQ
ALT vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Altimmune, Inc. (ALT) 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
ALT vs. TQQQ - Dividend Comparison
ALT has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.11%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALT Altimmune, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.87% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.11% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
ALT vs. TQQQ - Drawdown Comparison
The maximum ALT drawdown since its inception was -99.94%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ALT and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ALT vs. TQQQ - Volatility Comparison
The current volatility for Altimmune, Inc. (ALT) is 12.60%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.19%. This indicates that ALT 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.