ALUM.L vs. TQQQ
Compare and contrast key facts about WisdomTree Aluminium (ALUM.L) and ProShares UltraPro QQQ (TQQQ).
ALUM.L and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALUM.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Aluminum. It was launched on Sep 22, 2006. 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. Both ALUM.L and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALUM.L or TQQQ.
Key characteristics
| ALUM.L | TQQQ | |
|---|---|---|
| YTD Return | 5.26% | 17.13% |
| 1Y Return | 11.47% | 106.83% |
| 3Y Return (Ann) | -2.24% | 8.33% |
| 5Y Return (Ann) | 3.60% | 31.80% |
| 10Y Return (Ann) | 0.15% | 37.25% |
| Sharpe Ratio | 0.60 | 2.24 |
| Daily Std Dev | 17.77% | 48.42% |
| Max Drawdown | -77.63% | -81.66% |
| Current Drawdown | -65.63% | -31.46% |
Correlation
The correlation between ALUM.L and TQQQ is 0.15, 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
ALUM.L vs. TQQQ - Performance Comparison
In the year-to-date period, ALUM.L achieves a 5.26% return, which is significantly lower than TQQQ's 17.13% return. Over the past 10 years, ALUM.L has underperformed TQQQ with an annualized return of 0.15%, 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.
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ALUM.L vs. TQQQ - Expense Ratio Comparison
ALUM.L has a 0.49% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
ALUM.L vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Aluminium (ALUM.L) 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
ALUM.L vs. TQQQ - Dividend Comparison
ALUM.L has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ALUM.L WisdomTree Aluminium | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
ALUM.L vs. TQQQ - Drawdown Comparison
The maximum ALUM.L drawdown since its inception was -77.63%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ALUM.L and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ALUM.L vs. TQQQ - Volatility Comparison
The current volatility for WisdomTree Aluminium (ALUM.L) is 6.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.48%. This indicates that ALUM.L 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.