BMCAX vs. TQQQ
BMCAX (BlackRock Advantage Large Cap Growth Fund) and TQQQ (ProShares UltraPro QQQ) are both funds - BMCAX is a Large Cap Growth Equities fund managed by BlackRock, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, BMCAX returned 16.79%/yr vs 39.46%/yr for TQQQ. Their correlation of 0.92 means they have usually moved in the same direction. BMCAX charges 0.87%/yr vs 0.95%/yr for TQQQ.
Performance
BMCAX vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BMCAX achieves a 5.36% return, which is significantly lower than TQQQ's 23.06% return. Over the past 10 years, BMCAX has underperformed TQQQ with an annualized return of 16.79%, while TQQQ has yielded a comparatively higher 39.46% annualized return.
BMCAX
- 1D
- 3.48%
- 1M
- -3.09%
- 6M
- 6.20%
- YTD
- 5.36%
- 1Y
- 17.58%
- 3Y*
- 21.89%
- 5Y*
- 12.21%
- 10Y*
- 16.79%
- ALL TIME*
- 8.87%
TQQQ
- 1D
- 2.09%
- 1M
- -11.90%
- 6M
- 20.14%
- YTD
- 23.06%
- 1Y
- 56.87%
- 3Y*
- 43.81%
- 5Y*
- 15.36%
- 10Y*
- 39.46%
- ALL TIME*
- 42.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.37B | $4.57B | $5.33B |
BMCAX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMCAX BlackRock Advantage Large Cap Growth Fund | 5.36% | 21.40% | 32.28% | 39.38% | -30.37% | 26.61% | 31.89% | 33.39% | -2.87% | 22.57% |
TQQQ ProShares UltraPro QQQ | 23.06% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between BMCAX and TQQQ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.92 |
The correlation between BMCAX and TQQQ has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
BMCAX vs. TQQQ — Risk / Return Rank
BMCAX
TQQQ
BMCAX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Growth Fund (BMCAX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMCAX | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.29 | -0.25 |
| Martin ratioReturn relative to average drawdown | 3.24 | 3.60 | -0.36 |
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Drawdowns
BMCAX vs. TQQQ - Drawdown Comparison
The maximum BMCAX drawdown since its inception was -58.55%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BMCAX and TQQQ.
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Drawdown Indicators
| BMCAX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -81.66% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -36.97% | +22.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -58.04% | +34.75% |
Max Drawdown (5Y)Largest decline over 5 years | -33.84% | -81.66% | +47.82% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -81.66% | +47.82% |
Current DrawdownCurrent decline from peak | -7.64% | -25.74% | +18.10% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -18.49% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 13.24% | -8.52% |
Volatility
BMCAX vs. TQQQ - Volatility Comparison
The current volatility for BlackRock Advantage Large Cap Growth Fund (BMCAX) is 6.75%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. This indicates that BMCAX 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.
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Volatility by Period
| BMCAX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 20.41% | -13.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 47.79% | -33.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 57.62% | -39.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 68.04% | -46.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 66.57% | -45.34% |
BMCAX vs. TQQQ - Expense Ratio Comparison
BMCAX has a 0.87% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Dividends
BMCAX vs. TQQQ - Dividend Comparison
BMCAX's dividend yield for the trailing twelve months is around 8.05%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMCAX BlackRock Advantage Large Cap Growth Fund | 8.05% | 6.94% | 22.50% | 0.79% | 0.19% | 14.39% | 5.68% | 4.12% | 9.77% | 6.04% | 0.56% | 7.42% |
TQQQ ProShares UltraPro QQQ | 0.58% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
With a correlation of 0.96, BMCAX and TQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TQQQ has higher volatility (20.41%) compared to BMCAX (6.75%). In terms of maximum drawdown, BMCAX dropped -58.55% vs TQQQ's -81.66%.
BMCAX currently has the higher Sharpe Ratio (0.85 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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