BLES vs. TQQQ
Compare and contrast key facts about Inspire Global Hope ETF (BLES) and ProShares UltraPro QQQ (TQQQ).
BLES and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLES is a passively managed fund by Inspire that tracks the performance of the Inspire Global Hope Large Cap Equal Weight Index. It was launched on Feb 28, 2017. 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 BLES 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: BLES or TQQQ.
Key characteristics
| BLES | TQQQ | |
|---|---|---|
| YTD Return | 2.29% | 9.43% |
| 1Y Return | 13.29% | 102.59% |
| 3Y Return (Ann) | 2.87% | 1.10% |
| 5Y Return (Ann) | 8.61% | 27.55% |
| Sharpe Ratio | 1.15 | 2.44 |
| Daily Std Dev | 12.99% | 48.74% |
| Max Drawdown | -40.35% | -81.66% |
| Current Drawdown | -3.27% | -35.97% |
Correlation
The correlation between BLES and TQQQ is 0.69, 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
BLES vs. TQQQ - Performance Comparison
In the year-to-date period, BLES achieves a 2.29% return, which is significantly lower than TQQQ's 9.43% 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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BLES vs. TQQQ - Expense Ratio Comparison
BLES has a 0.52% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BLES vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
BLES vs. TQQQ - Dividend Comparison
BLES's dividend yield for the trailing twelve months is around 1.88%, more than TQQQ's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BLES Inspire Global Hope ETF | 1.88% | 1.80% | 1.64% | 9.28% | 1.61% | 2.16% | 2.39% | 1.98% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
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. For additional features, visit the drawdowns tool.
Volatility
BLES vs. TQQQ - Volatility Comparison
The current volatility for Inspire Global Hope ETF (BLES) is 3.39%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.46%. 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.