AMZZ vs. TQQQ
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.
Key characteristics
| AMZZ | TQQQ | |
|---|---|---|
| Daily Std Dev | 56.67% | 53.04% |
| Max Drawdown | -37.35% | -81.66% |
| Current Drawdown | -17.28% | -21.69% |
Correlation
The correlation between AMZZ and TQQQ is 0.64, 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.
Performance
AMZZ vs. TQQQ - Performance Comparison
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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AMZZ vs. TQQQ - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
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.
Not enough dataDividends
AMZZ vs. TQQQ - Dividend Comparison
AMZZ has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.28% | 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 -37.35%, 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. For additional features, visit the drawdowns tool.
Volatility
AMZZ vs. TQQQ - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) and ProShares UltraPro QQQ (TQQQ) have volatilities of 18.87% and 19.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.