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.
Performance
BKLC vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, BKLC achieves a 26.18% return, which is significantly lower than TQQQ's 53.90% return.
BKLC
26.18%
1.69%
12.80%
32.99%
N/A
N/A
TQQQ
53.90%
2.86%
20.48%
78.56%
34.01%
34.56%
Key characteristics
| BKLC | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.68 | 1.45 |
| Sortino Ratio | 3.61 | 1.93 |
| Omega Ratio | 1.49 | 1.26 |
| Calmar Ratio | 3.91 | 1.47 |
| Martin Ratio | 17.62 | 6.04 |
| Ulcer Index | 1.87% | 12.47% |
| Daily Std Dev | 12.26% | 51.83% |
| Max Drawdown | -26.14% | -81.66% |
| Current Drawdown | -1.26% | -9.94% |
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BKLC vs. TQQQ - Expense Ratio Comparison
BKLC has a 0.00% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Correlation
The correlation between BKLC and TQQQ is 0.93, 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.
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.
Dividends
BKLC vs. TQQQ - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.20%, less than TQQQ's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.20% | 1.35% | 1.64% | 1.10% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.23% | 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.
Volatility
BKLC vs. TQQQ - Volatility Comparison
The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 4.22%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.03%. 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.