BLOK vs. TQQQ
Compare and contrast key facts about Amplify Transformational Data Sharing ETF (BLOK) and ProShares UltraPro QQQ (TQQQ).
BLOK and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLOK is an actively managed fund by Amplify Investments. It was launched on Jan 16, 2018. 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: BLOK or TQQQ.
Key characteristics
BLOK | TQQQ | |
---|---|---|
YTD Return | 22.08% | 21.86% |
1Y Return | 95.16% | 138.16% |
3Y Return (Ann) | -7.38% | 12.57% |
5Y Return (Ann) | 19.97% | 34.92% |
Sharpe Ratio | 2.87 | 3.15 |
Daily Std Dev | 36.40% | 47.93% |
Max Drawdown | -73.33% | -81.66% |
Current Drawdown | -33.16% | -28.69% |
Correlation
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.
BLOK vs. TQQQ - Expense Ratio Comparison
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Amplify Transformational Data Sharing ETF | 2.87 | ||||
ProShares UltraPro QQQ | 3.15 |
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.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
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.