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 | 13.67% | 64.96% |
| 1Y Return | 24.28% | 119.79% |
| 3Y Return (Ann) | 3.97% | 0.92% |
| 5Y Return (Ann) | 8.35% | 36.02% |
| 10Y Return (Ann) | 7.52% | 36.15% |
| Sharpe Ratio | 2.87 | 2.20 |
| Sortino Ratio | 4.11 | 2.54 |
| Omega Ratio | 1.55 | 1.34 |
| Calmar Ratio | 2.33 | 2.04 |
| Martin Ratio | 19.40 | 9.24 |
| Ulcer Index | 1.21% | 12.40% |
| Daily Std Dev | 8.17% | 52.07% |
| Max Drawdown | -23.21% | -81.66% |
| Current Drawdown | 0.00% | -3.47% |
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 13.67% return, which is significantly lower than TQQQ's 64.96% return. Over the past 10 years, BLPAX has underperformed TQQQ with an annualized return of 7.52%, while TQQQ has yielded a comparatively higher 36.15% 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 2.11%, more than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLPAX American Funds Moderate Growth and Income Portfolio Class A | 2.11% | 2.25% | 2.14% | 1.43% | 1.75% | 1.89% | 2.08% | 1.52% | 1.65% | 1.56% | 2.86% | 1.68% |
TQQQ ProShares UltraPro QQQ | 1.15% | 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 2.11%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. 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.