BKLC vs. TQQQ
Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and ProShares UltraPro QQQ (TQQQ).
BKLC and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKLC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020. 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. Both BKLC and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLC or TQQQ.
Key characteristics
| BKLC | TQQQ | |
|---|---|---|
| YTD Return | 14.96% | 114.07% |
| 1Y Return | 5.94% | 6.67% |
| 5Y Return (Ann) | 16.11% | 20.62% |
| 10Y Return (Ann) | 16.11% | 38.06% |
| Sharpe Ratio | 0.38 | 0.19 |
| Daily Std Dev | 21.02% | 80.49% |
| Max Drawdown | -26.14% | -81.66% |
Correlation
The correlation between BKLC and TQQQ is 0.94, 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.
BKLC vs. TQQQ - Performance Comparison
In the year-to-date period, BKLC achieves a 14.96% return, which is significantly lower than TQQQ's 114.07% return. Over the past 10 years, BKLC has underperformed TQQQ with an annualized return of 16.11%, while TQQQ has yielded a comparatively higher 38.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
BKLC vs. TQQQ - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.75%, more than TQQQ's 0.67% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.75% | 1.64% | 1.12% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.67% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
BKLC vs. TQQQ - Expense Ratio Comparison
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 0.38 | ||||
TQQQ ProShares UltraPro QQQ | 0.19 |
BKLC vs. TQQQ - Drawdown Comparison
The maximum BKLC drawdown for the period was -22.24%, higher than the maximum TQQQ drawdown of -81.66%. The drawdown chart below compares losses from any high point along the way for BKLC and TQQQ
BKLC vs. TQQQ - Volatility Comparison
The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 3.76%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.35%. 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.