PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
AMZZ vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AMZZ and TQQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

AMZZ vs. TQQQ

Last updated May 25, 2025

Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and ProShares UltraPro QQQ (TQQQ).

AMZZ and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. 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: AMZZ or TQQQ.

Performance

AMZZ vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMZN Daily ETF (AMZZ) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

AMZZ:

0.00

TQQQ:

0.08

Sortino Ratio

AMZZ:

0.45

TQQQ:

0.61

Omega Ratio

AMZZ:

1.06

TQQQ:

1.08

Calmar Ratio

AMZZ:

-0.04

TQQQ:

0.07

Martin Ratio

AMZZ:

-0.10

TQQQ:

0.18

Ulcer Index

AMZZ:

23.60%

TQQQ:

22.39%

Daily Std Dev

AMZZ:

69.30%

TQQQ:

75.66%

Max Drawdown

AMZZ:

-55.28%

TQQQ:

-81.66%

Current Drawdown

AMZZ:

-36.84%

TQQQ:

-28.46%

Returns By Period

In the year-to-date period, AMZZ achieves a -23.99% return, which is significantly lower than TQQQ's -15.94% return.

AMZZ

YTD

-23.99%

1M

14.17%

6M

-7.14%

1Y

0.66%

3Y*

N/A

5Y*

N/A

10Y*

N/A

TQQQ

YTD

-15.94%

1M

27.20%

6M

-14.71%

1Y

2.84%

3Y*

36.86%

5Y*

28.34%

10Y*

30.86%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

GraniteShares 2x Long AMZN Daily ETF

ProShares UltraPro QQQ

AMZZ vs. TQQQ - Expense Ratio Comparison

AMZZ has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

AMZZ
GraniteShares 2x Long AMZN Daily ETF
TQQQ
ProShares UltraPro QQQ
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

AMZZ vs. TQQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZZ
The Risk-Adjusted Performance Rank of AMZZ is 2323
Overall Rank
The Sharpe Ratio Rank of AMZZ is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of AMZZ is 3232
Sortino Ratio Rank
The Omega Ratio Rank of AMZZ is 3030
Omega Ratio Rank
The Calmar Ratio Rank of AMZZ is 1616
Calmar Ratio Rank
The Martin Ratio Rank of AMZZ is 1717
Martin Ratio Rank
TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3030
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4242
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4343
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2323
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2222
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AMZZ vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) 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.

The current AMZZ Sharpe Ratio is 0.00, which is lower than the TQQQ Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of AMZZ and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

AMZZ vs. TQQQ - Dividend Comparison

AMZZ has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.49%.

TTM20242023202220212020201920182017201620152014
AMZZ
GraniteShares 2x Long AMZN Daily ETF		0.00%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		1.49%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

AMZZ vs. TQQQ - Drawdown Comparison

The maximum AMZZ drawdown since its inception was -55.28%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AMZZ and TQQQ.

Loading data...

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

AMZZ vs. TQQQ - Volatility Comparison

GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 19.66% compared to ProShares UltraPro QQQ (TQQQ) at 15.34%. This indicates that AMZZ'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.

Loading data...