BKPIX vs. TQQQ
Compare and contrast key facts about ProFunds Banks UltraSector Fund (BKPIX) and ProShares UltraPro QQQ (TQQQ).
BKPIX is managed by ProFunds. It was launched on Sep 3, 2001. 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: BKPIX or TQQQ.
Key characteristics
| BKPIX | TQQQ | |
|---|---|---|
| YTD Return | 2.17% | 17.90% |
| 1Y Return | 71.54% | 110.37% |
| 3Y Return (Ann) | -9.15% | 8.43% |
| 5Y Return (Ann) | 1.53% | 33.03% |
| 10Y Return (Ann) | 6.56% | 37.65% |
| Sharpe Ratio | 1.78 | 2.23 |
| Daily Std Dev | 40.25% | 48.50% |
| Max Drawdown | -96.06% | -81.66% |
| Current Drawdown | -62.26% | -31.01% |
Correlation
The correlation between BKPIX and TQQQ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BKPIX vs. TQQQ - Performance Comparison
In the year-to-date period, BKPIX achieves a 2.17% return, which is significantly lower than TQQQ's 17.90% return. Over the past 10 years, BKPIX has underperformed TQQQ with an annualized return of 6.56%, while TQQQ has yielded a comparatively higher 37.65% 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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BKPIX vs. TQQQ - Expense Ratio Comparison
BKPIX has a 1.71% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BKPIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Banks UltraSector Fund (BKPIX) 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
BKPIX vs. TQQQ - Dividend Comparison
BKPIX's dividend yield for the trailing twelve months is around 1.61%, more than TQQQ's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 1.61% | 1.64% | 0.29% | 0.00% | 0.00% | 0.38% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.18% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
BKPIX vs. TQQQ - Drawdown Comparison
The maximum BKPIX drawdown since its inception was -96.06%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BKPIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
BKPIX vs. TQQQ - Volatility Comparison
The current volatility for ProFunds Banks UltraSector Fund (BKPIX) is 7.43%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.72%. This indicates that BKPIX 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.