AT.L vs. TQQQ
AT.L (Ashtead Technology Holdings plc) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 3 years, AT.L returned 5.46%/yr vs 56.35%/yr for TQQQ. At a 0.13 correlation, their price movements are largely independent.
Performance
AT.L vs. TQQQ - Performance Comparison
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Different Trading Currencies
AT.L is traded in GBp, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with AT.L having a 41.36% return and TQQQ slightly lower at 40.19%.
AT.L
- 1D
- 2.34%
- 1M
- -9.15%
- YTD
- 41.36%
- 6M
- 24.84%
- 1Y
- 3.96%
- 3Y*
- 5.46%
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- -13.74%
- 1M
- 4.00%
- YTD
- 40.19%
- 6M
- 30.43%
- 1Y
- 107.47%
- 3Y*
- 56.35%
- 5Y*
- 25.58%
- 10Y*
- 44.08%
AT.L vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AT.L Ashtead Technology Holdings plc | 41.36% | -44.41% | -8.83% | 95.43% | 75.24% | 10.96% |
TQQQ ProShares UltraPro QQQ | 40.19% | 24.78% | 61.03% | 183.15% | -76.60% | -2.52% |
Correlation
The correlation between AT.L and TQQQ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.13 |
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Return for Risk
AT.L vs. TQQQ — Risk / Return Rank
AT.L
TQQQ
AT.L vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashtead Technology Holdings plc (AT.L) 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.
| AT.L | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.93 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.03 | 8.95 | -8.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AT.L | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.25 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.75 | -0.19 |
Drawdowns
AT.L vs. TQQQ - Drawdown Comparison
The maximum AT.L drawdown since its inception was -65.60%, smaller than the maximum TQQQ drawdown of -79.48%. Use the drawdown chart below to compare losses from any high point for AT.L and TQQQ.
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Drawdown Indicators
| AT.L | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.60% | -79.48% | +13.88% |
Max Drawdown (1Y)Largest decline over 1 year | -35.05% | -36.91% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -65.60% | -58.33% | -7.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.48% | — |
Current DrawdownCurrent decline from peak | -50.08% | -15.45% | -34.63% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -17.59% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.67% | 12.05% | +8.62% |
Volatility
AT.L vs. TQQQ - Volatility Comparison
The current volatility for Ashtead Technology Holdings plc (AT.L) is 13.79%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.58%. This indicates that AT.L 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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Volatility by Period
| AT.L | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 19.58% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 31.29% | 37.40% | -6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.07% | 48.13% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.95% | 64.41% | -20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.95% | 64.71% | -20.76% |
Dividends
AT.L vs. TQQQ - Dividend Comparison
AT.L's dividend yield for the trailing twelve months is around 0.30%, less than TQQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AT.L Ashtead Technology Holdings plc | 0.30% | 0.39% | 0.20% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.43% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
AT.L and TQQQ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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