ARANX vs. TQQQ
Compare and contrast key facts about Horizon Active Risk Assist Fund (ARANX) and ProShares UltraPro QQQ (TQQQ).
ARANX is managed by Horizon Investments. It was launched on Aug 27, 2014. 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: ARANX or TQQQ.
Correlation
The correlation between ARANX and TQQQ is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ARANX vs. TQQQ - Performance Comparison
Key characteristics
ARANX:
0.32
TQQQ:
0.94
ARANX:
0.48
TQQQ:
1.45
ARANX:
1.08
TQQQ:
1.19
ARANX:
0.36
TQQQ:
1.20
ARANX:
1.06
TQQQ:
3.89
ARANX:
4.61%
TQQQ:
13.17%
ARANX:
15.12%
TQQQ:
54.58%
ARANX:
-26.70%
TQQQ:
-81.66%
ARANX:
-8.63%
TQQQ:
-4.51%
Returns By Period
In the year-to-date period, ARANX achieves a 4.62% return, which is significantly lower than TQQQ's 12.21% return. Over the past 10 years, ARANX has underperformed TQQQ with an annualized return of 2.70%, while TQQQ has yielded a comparatively higher 35.49% annualized return.
ARANX
4.62%
5.23%
-3.69%
5.31%
3.00%
2.70%
TQQQ
12.21%
17.20%
30.55%
53.81%
26.40%
35.49%
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ARANX vs. TQQQ - Expense Ratio Comparison
ARANX has a 1.17% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
ARANX vs. TQQQ — Risk-Adjusted Performance Rank
ARANX
TQQQ
ARANX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Risk Assist Fund (ARANX) 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
ARANX vs. TQQQ - Dividend Comparison
ARANX's dividend yield for the trailing twelve months is around 0.56%, less than TQQQ's 1.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARANX Horizon Active Risk Assist Fund | 0.56% | 0.58% | 0.83% | 0.53% | 0.68% | 0.37% | 1.00% | 0.64% | 0.53% | 0.86% | 1.06% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.13% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
ARANX vs. TQQQ - Drawdown Comparison
The maximum ARANX drawdown since its inception was -26.70%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ARANX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ARANX vs. TQQQ - Volatility Comparison
The current volatility for Horizon Active Risk Assist Fund (ARANX) is 3.44%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.26%. This indicates that ARANX 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.