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BLES vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
2.76%
20.48%
BLES
TQQQ

Returns By Period

In the year-to-date period, BLES achieves a 8.87% return, which is significantly lower than TQQQ's 53.90% return.


BLES

YTD

8.87%

1M

-2.01%

6M

2.76%

1Y

18.20%

5Y (annualized)

9.26%

10Y (annualized)

N/A

TQQQ

YTD

53.90%

1M

2.86%

6M

20.48%

1Y

78.56%

5Y (annualized)

34.01%

10Y (annualized)

34.56%

Key characteristics


BLESTQQQ
Sharpe Ratio1.361.45
Sortino Ratio1.881.93
Omega Ratio1.251.26
Calmar Ratio1.751.47
Martin Ratio8.156.04
Ulcer Index2.19%12.47%
Daily Std Dev13.10%51.83%
Max Drawdown-40.35%-81.66%
Current Drawdown-3.74%-9.94%

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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.


TQQQ
ProShares UltraPro QQQ
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BLES: current value at 0.52% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.52%

Correlation

-0.50.00.51.00.7

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.

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.


Sharpe ratio
The chart of Sharpe ratio for BLES, currently valued at 1.36, compared to the broader market0.002.004.001.361.45
The chart of Sortino ratio for BLES, currently valued at 1.88, compared to the broader market-2.000.002.004.006.008.0010.0012.001.881.93
The chart of Omega ratio for BLES, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.26
The chart of Calmar ratio for BLES, currently valued at 1.75, compared to the broader market0.005.0010.0015.001.751.47
The chart of Martin ratio for BLES, currently valued at 8.15, compared to the broader market0.0020.0040.0060.0080.00100.008.156.04
BLES
TQQQ

The current BLES Sharpe Ratio is 1.36, which is comparable to the TQQQ Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of BLES and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.36
1.45
BLES
TQQQ

Dividends

BLES vs. TQQQ - Dividend Comparison

BLES's dividend yield for the trailing twelve months is around 1.95%, more than TQQQ's 1.23% yield.


TTM2023202220212020201920182017201620152014
BLES
Inspire Global Hope ETF
1.95%1.81%1.64%9.28%1.61%2.15%2.39%1.99%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

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.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.74%
-9.94%
BLES
TQQQ

Volatility

BLES vs. TQQQ - Volatility Comparison

The current volatility for Inspire Global Hope ETF (BLES) is 2.96%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.03%. 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.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
2.96%
17.03%
BLES
TQQQ