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 0.20, 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:
-0.48
TQQQ:
-0.24
ALT:
-0.31
TQQQ:
0.13
ALT:
0.97
TQQQ:
1.02
ALT:
-0.40
TQQQ:
-0.31
ALT:
-1.40
TQQQ:
-0.93
ALT:
28.27%
TQQQ:
19.28%
ALT:
83.02%
TQQQ:
73.79%
ALT:
-99.94%
TQQQ:
-81.66%
ALT:
-99.83%
TQQQ:
-51.29%
Returns By Period
In the year-to-date period, ALT achieves a -36.89% return, which is significantly higher than TQQQ's -42.76% return. Over the past 10 years, ALT has underperformed TQQQ with an annualized return of -37.37%, while TQQQ has yielded a comparatively higher 26.31% annualized return.
ALT
-36.89%
-21.69%
-33.87%
-33.96%
6.52%
-37.37%
TQQQ
-42.76%
-27.23%
-39.12%
-13.24%
23.05%
26.31%
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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 2.18%.
| 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 | 2.18% | 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 24.61%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. 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.