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

Key characteristics


BLOKTQQQ
YTD Return22.08%21.86%
1Y Return95.16%138.16%
3Y Return (Ann)-7.38%12.57%
5Y Return (Ann)19.97%34.92%
Sharpe Ratio2.873.15
Daily Std Dev36.40%47.93%
Max Drawdown-73.33%-81.66%
Current Drawdown-33.16%-28.69%

Correlation

0.70
-1.001.00

The correlation between BLOK and TQQQ is 0.70, 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.

Performance

BLOK vs. TQQQ - Performance Comparison

The year-to-date returns for both stocks are quite close, with BLOK having a 22.08% return and TQQQ slightly lower at 21.86%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%OctoberNovemberDecember2024FebruaryMarch
118.76%
355.81%
BLOK
TQQQ

Compare stocks, funds, or ETFs


Amplify Transformational Data Sharing ETF

ProShares UltraPro QQQ

BLOK vs. TQQQ - Expense Ratio Comparison

BLOK has a 0.71% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

TQQQ
ProShares UltraPro QQQ
0.50%1.00%1.50%2.00%0.95%
0.50%1.00%1.50%2.00%0.71%

Risk-Adjusted Performance

BLOK vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Transformational Data Sharing ETF (BLOK) 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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BLOK
Amplify Transformational Data Sharing ETF
2.87
TQQQ
ProShares UltraPro QQQ
3.15

BLOK vs. TQQQ - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 2.87, which roughly equals the TQQQ Sharpe Ratio of 3.15. The chart below compares the 12-month rolling Sharpe Ratio of BLOK and TQQQ.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00OctoberNovemberDecember2024FebruaryMarch
2.87
3.15
BLOK
TQQQ

Dividends

BLOK vs. TQQQ - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.94%, less than TQQQ's 1.14% yield.


TTM2023202220212020201920182017201620152014
BLOK
Amplify Transformational Data Sharing ETF
0.94%1.15%0.00%14.31%1.88%2.06%1.30%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.14%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

BLOK vs. TQQQ - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, smaller than the maximum TQQQ drawdown of -81.66%. The drawdown chart below compares losses from any high point along the way for BLOK and TQQQ


-70.00%-60.00%-50.00%-40.00%-30.00%OctoberNovemberDecember2024FebruaryMarch
-33.16%
-28.69%
BLOK
TQQQ

Volatility

BLOK vs. TQQQ - Volatility Comparison

The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 11.38%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.07%. This indicates that BLOK 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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%OctoberNovemberDecember2024FebruaryMarch
11.38%
13.07%
BLOK
TQQQ