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BKLC vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BKLCTQQQ
YTD Return15.32%48.64%
1Y Return28.80%95.52%
3Y Return (Ann)10.87%11.11%
Sharpe Ratio2.471.87
Daily Std Dev11.37%46.90%
Max Drawdown-26.14%-81.66%
Current Drawdown-0.27%-13.02%

Correlation

-0.50.00.51.00.9

The correlation between BKLC and TQQQ is 0.92, 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

BKLC vs. TQQQ - Performance Comparison

In the year-to-date period, BKLC achieves a 15.32% return, which is significantly lower than TQQQ's 48.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%40.00%50.00%2024FebruaryMarchAprilMayJune
15.94%
50.29%
BKLC
TQQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BNY Mellon US Large Cap Core Equity ETF

ProShares UltraPro QQQ

BKLC vs. TQQQ - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than TQQQ's 0.95% expense ratio.


TQQQ
ProShares UltraPro QQQ
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BKLC: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

BKLC vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Large Cap Core Equity ETF (BKLC) 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.


BKLC
Sharpe ratio
The chart of Sharpe ratio for BKLC, currently valued at 2.47, compared to the broader market0.002.004.006.002.47
Sortino ratio
The chart of Sortino ratio for BKLC, currently valued at 3.45, compared to the broader market0.005.0010.003.45
Omega ratio
The chart of Omega ratio for BKLC, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.003.501.44
Calmar ratio
The chart of Calmar ratio for BKLC, currently valued at 2.43, compared to the broader market0.005.0010.0015.0020.002.43
Martin ratio
The chart of Martin ratio for BKLC, currently valued at 11.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.02
TQQQ
Sharpe ratio
The chart of Sharpe ratio for TQQQ, currently valued at 1.87, compared to the broader market0.002.004.006.001.87
Sortino ratio
The chart of Sortino ratio for TQQQ, currently valued at 2.36, compared to the broader market0.005.0010.002.36
Omega ratio
The chart of Omega ratio for TQQQ, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.003.501.29
Calmar ratio
The chart of Calmar ratio for TQQQ, currently valued at 1.36, compared to the broader market0.005.0010.0015.0020.001.36
Martin ratio
The chart of Martin ratio for TQQQ, currently valued at 7.84, compared to the broader market0.0020.0040.0060.0080.00100.00120.007.84

BKLC vs. TQQQ - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 2.47, which is higher than the TQQQ Sharpe Ratio of 1.87. The chart below compares the 12-month rolling Sharpe Ratio of BKLC and TQQQ.


Rolling 12-month Sharpe Ratio2.002.503.003.504.002024FebruaryMarchAprilMayJune
2.47
1.87
BKLC
TQQQ

Dividends

BKLC vs. TQQQ - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.24%, more than TQQQ's 0.77% yield.


TTM2023202220212020201920182017201620152014
BKLC
BNY Mellon US Large Cap Core Equity ETF
1.24%1.35%1.64%1.10%0.84%0.00%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
0.77%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

BKLC vs. TQQQ - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BKLC and TQQQ. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%2024FebruaryMarchAprilMayJune
-0.27%
-13.02%
BKLC
TQQQ

Volatility

BKLC vs. TQQQ - Volatility Comparison

The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 2.35%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 9.94%. This indicates that BKLC 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.


5.00%10.00%15.00%2024FebruaryMarchAprilMayJune
2.35%
9.94%
BKLC
TQQQ