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.
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
Key characteristics
BLPAX:
-0.03
TQQQ:
-0.50
BLPAX:
0.02
TQQQ:
-0.34
BLPAX:
1.00
TQQQ:
0.95
BLPAX:
-0.04
TQQQ:
-0.56
BLPAX:
-0.19
TQQQ:
-1.83
BLPAX:
1.86%
TQQQ:
17.10%
BLPAX:
10.05%
TQQQ:
63.34%
BLPAX:
-23.27%
TQQQ:
-81.66%
BLPAX:
-8.97%
TQQQ:
-55.68%
Returns By Period
In the year-to-date period, BLPAX achieves a -4.99% return, which is significantly higher than TQQQ's -47.92% return. Over the past 10 years, BLPAX has underperformed TQQQ with an annualized return of 4.25%, while TQQQ has yielded a comparatively higher 25.87% annualized return.
BLPAX
-4.99%
-7.50%
-7.47%
0.34%
7.40%
4.25%
TQQQ
-47.92%
-42.77%
-42.55%
-27.98%
32.23%
25.87%
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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 Rank
BLPAX
TQQQ
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 2.37%, less than TQQQ's 2.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLPAX American Funds Moderate Growth and Income Portfolio Class A | 2.37% | 2.22% | 2.25% | 2.14% | 1.43% | 1.75% | 1.89% | 2.08% | 1.52% | 1.65% | 1.56% | 2.86% |
TQQQ ProShares UltraPro QQQ | 2.40% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
BLPAX vs. TQQQ - Drawdown Comparison
The maximum BLPAX drawdown since its inception was -23.27%, 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 5.32%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 33.22%. 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.