BAP vs. TQQQ
BAP (Credicorp Ltd.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, BAP returned 14.57%/yr vs 45.79%/yr for TQQQ. At a 0.37 correlation, their price movements are largely independent.
Performance
BAP vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BAP achieves a 39.67% return, which is significantly lower than TQQQ's 57.45% return. Over the past 10 years, BAP has underperformed TQQQ with an annualized return of 14.57%, while TQQQ has yielded a comparatively higher 45.79% annualized return.
BAP
- 1D
- -1.08%
- 1M
- 21.21%
- YTD
- 39.67%
- 6M
- 42.65%
- 1Y
- 84.07%
- 3Y*
- 44.93%
- 5Y*
- 33.76%
- 10Y*
- 14.57%
TQQQ
- 1D
- 6.87%
- 1M
- 13.63%
- YTD
- 57.45%
- 6M
- 61.40%
- 1Y
- 127.19%
- 3Y*
- 61.43%
- 5Y*
- 25.74%
- 10Y*
- 45.79%
BAP vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 39.67% | 65.23% | 31.35% | 16.29% | 14.47% | -24.73% | -17.56% | -0.26% | 8.91% | 37.84% |
TQQQ ProShares UltraPro QQQ | 57.45% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between BAP and TQQQ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.37 |
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Return for Risk
BAP vs. TQQQ — Risk / Return Rank
BAP
TQQQ
BAP vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credicorp Ltd. (BAP) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAP | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 3.46 | +1.92 |
| Martin ratioReturn relative to average drawdown | 11.89 | 11.05 | +0.84 |
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Drawdowns
BAP vs. TQQQ - Drawdown Comparison
The maximum BAP drawdown since its inception was -75.92%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BAP and TQQQ.
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Drawdown Indicators
| BAP | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.92% | -81.66% | +5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -15.71% | -36.97% | +21.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.53% | -58.04% | +31.51% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -81.66% | +48.26% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -81.66% | +22.57% |
Current DrawdownCurrent decline from peak | -1.08% | -4.99% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -18.50% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.09% | 11.55% | -4.46% |
Volatility
BAP vs. TQQQ - Volatility Comparison
The current volatility for Credicorp Ltd. (BAP) is 15.57%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 25.44%. This indicates that BAP 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
| BAP | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.57% | 25.44% | -9.87% |
Volatility (6M)Calculated over the trailing 6-month period | 29.54% | 42.61% | -13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.23% | 52.43% | -19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.70% | 67.25% | -35.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.26% | 66.33% | -35.07% |
Dividends
BAP vs. TQQQ - Dividend Comparison
BAP's dividend yield for the trailing twelve months is around 3.73%, more than TQQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 3.73% | 3.78% | 6.65% | 4.52% | 2.84% | 0.99% | 5.37% | 3.95% | 1.94% | 4.16% | 1.47% | 2.25% |
TQQQ ProShares UltraPro QQQ | 0.38% | 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
BAP and TQQQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (25.44%) compared to BAP (15.57%). In terms of maximum drawdown, BAP dropped -75.92% vs TQQQ's -81.66%.
BAP currently has the higher Sharpe Ratio (2.54 vs 2.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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