BLES vs. TQQQ

Last updated Jun 4, 2026

BLES (Inspire Global Hope ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - BLES is a Global Equities fund tracking the Inspire Global Hope Large Cap Equal Weight Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, BLES returned 7.38%/yr vs 28.37%/yr for TQQQ. A 0.69 correlation means they provide meaningful diversification when combined. BLES charges 0.58%/yr vs 0.95%/yr for TQQQ.

Performance

BLES vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Global Hope ETF (BLES) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLES achieves a 11.95% return, which is significantly lower than TQQQ's 64.46% return.

BLES

• 1D: -0.55%
• 1M: 3.04%
• YTD: 11.95%
• 6M: 12.47%
• 1Y: 23.80%
• 3Y*: 16.04%
• 5Y*: 7.38%
• 10Y*: —

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLES vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLES Inspire Global Hope ETF	11.95%	19.25%	5.59%	16.47%	-16.21%	24.36%	12.22%	28.39%	-13.43%	15.23%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	66.13%

Correlation

The correlation between BLES and TQQQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017	0.69

The correlation between BLES and TQQQ has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

BLES vs. TQQQ - Sectors Allocation Comparison

Sectors	BLES	TQQQ
Industrials	16.3%	2.8%
Technology	15.6%	53.8%
Financial Services	10.3%	0.2%
Basic Materials	7.8%	1.1%
Real Estate	6.9%	0.1%
Healthcare	5.8%	4.2%
Energy	5.8%	0.6%
Utilities	5.5%	1.4%
Consumer Cyclical	4.5%	12.3%
Consumer Defensive	3.3%	7.7%
Communication Services	1.0%	15.8%

Return for Risk

BLES vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLES

BLES Risk / Return Rank: 57
BLES Sharpe Ratio Rank: 56
BLES Sortino Ratio Rank: 56
BLES Omega Ratio Rank: 54
BLES Calmar Ratio Rank: 58
BLES Martin Ratio Rank: 61

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLES vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Global Hope ETF (BLES) 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.

	BLES	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	1.92	2.92	-0.99
Sortino ratio Return per unit of downside risk	2.70	3.09	-0.39
Omega ratio Gain probability vs. loss probability	1.34	1.40	-0.07
Calmar ratio Return relative to maximum drawdown	2.88	3.75	-0.87
Martin ratio Return relative to average drawdown	10.93	12.27	-1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLES vs. TQQQ - Sharpe Ratio Comparison

The current BLES Sharpe Ratio is 1.92, which is lower than the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of BLES and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLES	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.92	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.43	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.74	-0.20

Drawdowns

BLES vs. TQQQ - Drawdown Comparison

The maximum BLES drawdown since its inception was -40.35%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BLES and TQQQ.

Drawdown Indicators

	BLES	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-40.35%	-81.66%	+41.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-36.97%	+28.68%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-58.04%	+42.58%
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	-81.66%	+55.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-0.55%	-0.76%	+0.21%
Average Drawdown Average peak-to-trough decline	-6.05%	-18.52%	+12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	11.28%	-9.10%

Volatility

BLES vs. TQQQ - Volatility Comparison

The current volatility for Inspire Global Hope ETF (BLES) is 3.61%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that BLES 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.

Volatility by Period

	BLES	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	13.29%	-9.68%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	36.04%	-26.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	47.60%	-35.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	66.53%	-50.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	65.96%	-47.02%

BLES vs. TQQQ - Expense Ratio Comparison

BLES has a 0.58% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

BLES vs. TQQQ - Dividend Comparison

BLES's dividend yield for the trailing twelve months is around 1.77%, more than TQQQ's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLES Inspire Global Hope ETF	1.77%	1.97%	1.90%	1.80%	1.64%	9.28%	1.61%	2.16%	1.73%	2.01%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.36%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both BLES and TQQQ in my portfolio?

BLES and TQQQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLES or TQQQ?

TQQQ has higher volatility (13.29%) compared to BLES (3.61%). In terms of maximum drawdown, BLES dropped -40.35% vs TQQQ's -81.66%.

Which ETF is better, BLES or TQQQ?

On 5-year performance, TQQQ leads with 28.37% vs 7.38% for BLES. On fees, BLES is cheaper at 0.58% per year. On volatility, BLES has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLES or TQQQ?

Over the 5-year period, TQQQ has performed better with a 28.37% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLES or TQQQ?

BLES is cheaper with a 0.58% expense ratio, compared with 0.95% for TQQQ.

Which ETF pays a higher dividend yield, BLES or TQQQ?

BLES has the higher dividend yield at 1.77%, compared with 0.36% for TQQQ.

What is the main difference between BLES and TQQQ?

BLES is categorized as Global Equities, while TQQQ is Leveraged Equities. BLES tracks Inspire Global Hope Large Cap Equal Weight Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Inspire and ProShares. Their fees differ too: 0.58% for BLES and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.