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.
Correlation
The correlation between AMZZ and TQQQ is 0.67, 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
Key characteristics
AMZZ:
55.88%
TQQQ:
53.92%
AMZZ:
-37.35%
TQQQ:
-81.66%
AMZZ:
-13.45%
TQQQ:
-18.52%
Returns By Period
In the year-to-date period, AMZZ achieves a -1.88% return, which is significantly higher than TQQQ's -4.26% return.
AMZZ
-1.88%
-9.33%
16.17%
N/A
N/A
N/A
TQQQ
-4.26%
-14.98%
-6.20%
52.61%
26.24%
35.64%
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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 Rank
AMZZ
TQQQ
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 1.32%.
| TTM | 2024 | 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% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.32% | 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 -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
The current volatility for GraniteShares 2x Long AMZN Daily ETF (AMZZ) is 14.77%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 18.01%. This indicates that AMZZ 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.