ASCCY vs. TQQQ
Compare and contrast key facts about Asics Corp ADR (ASCCY) and ProShares UltraPro QQQ (TQQQ).
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: ASCCY or TQQQ.
Correlation
The correlation between ASCCY and TQQQ is 0.12, 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
ASCCY vs. TQQQ - Performance Comparison
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Key characteristics
ASCCY:
1.60
TQQQ:
0.09
ASCCY:
2.05
TQQQ:
0.71
ASCCY:
1.28
TQQQ:
1.10
ASCCY:
2.65
TQQQ:
0.16
ASCCY:
7.14
TQQQ:
0.42
ASCCY:
10.04%
TQQQ:
22.26%
ASCCY:
46.83%
TQQQ:
75.60%
ASCCY:
-72.48%
TQQQ:
-81.66%
ASCCY:
-7.79%
TQQQ:
-26.72%
Returns By Period
In the year-to-date period, ASCCY achieves a 14.27% return, which is significantly higher than TQQQ's -13.89% return. Over the past 10 years, ASCCY has underperformed TQQQ with an annualized return of 17.24%, while TQQQ has yielded a comparatively higher 30.72% annualized return.
ASCCY
14.27%
15.56%
21.23%
74.44%
74.50%
57.90%
17.24%
TQQQ
-13.89%
62.30%
-11.44%
6.63%
37.22%
28.96%
30.72%
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Risk-Adjusted Performance
ASCCY vs. TQQQ — Risk-Adjusted Performance Rank
ASCCY
TQQQ
ASCCY vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Asics Corp ADR (ASCCY) 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.
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Dividends
ASCCY vs. TQQQ - Dividend Comparison
ASCCY has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.45%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASCCY Asics Corp ADR | 0.00% | 0.00% | 1.38% | 1.33% | 0.93% | 4.56% | 6.67% | 6.76% | 5.79% | 4.18% | 3.94% | 3.01% |
TQQQ ProShares UltraPro QQQ | 1.45% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
ASCCY vs. TQQQ - Drawdown Comparison
The maximum ASCCY drawdown since its inception was -72.48%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ASCCY and TQQQ. For additional features, visit the drawdowns tool.
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Volatility
ASCCY vs. TQQQ - Volatility Comparison
The current volatility for Asics Corp ADR (ASCCY) is 10.96%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.85%. This indicates that ASCCY 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.
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