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.
Key characteristics
| ALT | TQQQ | |
|---|---|---|
| YTD Return | -15.38% | 63.05% |
| 1Y Return | 295.02% | 93.36% |
| 3Y Return (Ann) | -5.03% | 0.71% |
| 5Y Return (Ann) | 42.84% | 35.20% |
| 10Y Return (Ann) | -32.59% | 35.62% |
| Sharpe Ratio | 2.60 | 2.04 |
| Sortino Ratio | 3.20 | 2.42 |
| Omega Ratio | 1.38 | 1.33 |
| Calmar Ratio | 2.90 | 2.06 |
| Martin Ratio | 7.13 | 8.51 |
| Ulcer Index | 40.72% | 12.40% |
| Daily Std Dev | 111.59% | 51.62% |
| Max Drawdown | -99.94% | -81.66% |
| Current Drawdown | -99.65% | -4.59% |
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
In the year-to-date period, ALT achieves a -15.38% return, which is significantly lower than TQQQ's 63.05% return. Over the past 10 years, ALT has underperformed TQQQ with an annualized return of -32.59%, while TQQQ has yielded a comparatively higher 35.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 1.16%.
| TTM | 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% | 4.87% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 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
Altimmune, Inc. (ALT) has a higher volatility of 29.02% compared to ProShares UltraPro QQQ (TQQQ) at 14.68%. This indicates that ALT's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.