BAP vs. TQQQ
Compare and contrast key facts about Credicorp Ltd. (BAP) 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: BAP or TQQQ.
Key characteristics
| BAP | TQQQ | |
|---|---|---|
| YTD Return | 12.48% | 12.24% |
| 1Y Return | 26.56% | 116.47% |
| 3Y Return (Ann) | 13.48% | 5.07% |
| 5Y Return (Ann) | -4.84% | 28.09% |
| 10Y Return (Ann) | 3.28% | 37.34% |
| Sharpe Ratio | 0.97 | 2.34 |
| Daily Std Dev | 27.21% | 48.84% |
| Max Drawdown | -73.50% | -81.66% |
| Current Drawdown | -23.96% | -34.32% |
Correlation
The correlation between BAP and TQQQ is 0.38, 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
BAP vs. TQQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with BAP having a 12.48% return and TQQQ slightly lower at 12.24%. Over the past 10 years, BAP has underperformed TQQQ with an annualized return of 3.28%, while TQQQ has yielded a comparatively higher 37.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BAP vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
BAP vs. TQQQ - Dividend Comparison
BAP's dividend yield for the trailing twelve months is around 0.40%, less than TQQQ's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAP Credicorp Ltd. | 0.40% | 0.45% | 0.29% | 4.10% | 5.37% | 3.94% | 0.20% | 4.13% | 1.47% | 2.25% | 1.19% | 1.96% |
TQQQ ProShares UltraPro QQQ | 1.24% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
BAP vs. TQQQ - Drawdown Comparison
The maximum BAP drawdown since its inception was -73.50%, 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. For additional features, visit the drawdowns tool.
Volatility
BAP vs. TQQQ - Volatility Comparison
The current volatility for Credicorp Ltd. (BAP) is 6.57%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.43%. 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.