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.
Performance
BLOK vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, BLOK achieves a 60.30% return, which is significantly higher than TQQQ's 51.05% return.
BLOK
60.30%
16.99%
40.49%
116.68%
25.32%
N/A
TQQQ
51.05%
1.51%
18.78%
78.21%
33.37%
34.34%
Key characteristics
| BLOK | TQQQ | |
|---|---|---|
| Sharpe Ratio | 3.00 | 1.51 |
| Sortino Ratio | 3.63 | 1.97 |
| Omega Ratio | 1.42 | 1.26 |
| Calmar Ratio | 1.99 | 1.53 |
| Martin Ratio | 13.08 | 6.29 |
| Ulcer Index | 9.03% | 12.45% |
| Daily Std Dev | 39.48% | 52.01% |
| Max Drawdown | -73.33% | -81.66% |
| Current Drawdown | -12.23% | -11.61% |
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BLOK vs. TQQQ - Expense Ratio Comparison
BLOK has a 0.71% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Correlation
The correlation between BLOK and TQQQ is 0.70, 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
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.
Dividends
BLOK vs. TQQQ - Dividend Comparison
BLOK's dividend yield for the trailing twelve months is around 0.72%, less than TQQQ's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Transformational Data Sharing ETF | 0.72% | 1.15% | 0.00% | 14.31% | 1.88% | 2.05% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.26% | 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%. Use the drawdown chart below to compare losses from any high point for BLOK and TQQQ. For additional features, visit the drawdowns tool.
Volatility
BLOK vs. TQQQ - Volatility Comparison
The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 15.35%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.92%. 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.