BLPAX vs. TQQQ
Compare and contrast key facts about American Funds Moderate Growth and Income Portfolio Class A (BLPAX) and ProShares UltraPro QQQ (TQQQ).
BLPAX is managed by American Funds. It was launched on May 18, 2012. 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: BLPAX or TQQQ.
Key characteristics
BLPAX | TQQQ | |
---|---|---|
YTD Return | 2.62% | 6.32% |
1Y Return | 12.55% | 116.28% |
3Y Return (Ann) | 2.59% | 0.35% |
5Y Return (Ann) | 7.07% | 26.87% |
10Y Return (Ann) | 6.93% | 36.87% |
Sharpe Ratio | 1.45 | 2.13 |
Daily Std Dev | 8.11% | 48.91% |
Max Drawdown | -23.21% | -81.66% |
Current Drawdown | -2.55% | -37.78% |
Correlation
The correlation between BLPAX and TQQQ is 0.83, 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
BLPAX vs. TQQQ - Performance Comparison
In the year-to-date period, BLPAX achieves a 2.62% return, which is significantly lower than TQQQ's 6.32% return. Over the past 10 years, BLPAX has underperformed TQQQ with an annualized return of 6.93%, while TQQQ has yielded a comparatively higher 36.87% annualized 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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BLPAX vs. TQQQ - Expense Ratio Comparison
BLPAX has a 0.66% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BLPAX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Moderate Growth and Income Portfolio Class A (BLPAX) 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
BLPAX vs. TQQQ - Dividend Comparison
BLPAX's dividend yield for the trailing twelve months is around 2.21%, more than TQQQ's 1.31% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
American Funds Moderate Growth and Income Portfolio Class A | 2.21% | 2.29% | 6.01% | 4.97% | 2.56% | 3.83% | 4.69% | 3.48% | 3.66% | 3.69% | 2.86% | 1.68% |
ProShares UltraPro QQQ | 1.31% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
BLPAX vs. TQQQ - Drawdown Comparison
The maximum BLPAX drawdown since its inception was -23.21%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BLPAX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
BLPAX vs. TQQQ - Volatility Comparison
The current volatility for American Funds Moderate Growth and Income Portfolio Class A (BLPAX) is 2.46%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.59%. This indicates that BLPAX 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.