BMCAX vs. TQQQ
Compare and contrast key facts about BlackRock Advantage Large Cap Growth Fund (BMCAX) and ProShares UltraPro QQQ (TQQQ).
BMCAX is managed by Blackrock. It was launched on Aug 26, 1986. 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: BMCAX or TQQQ.
Key characteristics
| BMCAX | TQQQ | |
|---|---|---|
| YTD Return | 6.01% | 4.62% |
| 1Y Return | 33.53% | 109.33% |
| 3Y Return (Ann) | 6.13% | -0.84% |
| 5Y Return (Ann) | 13.62% | 26.43% |
| 10Y Return (Ann) | 12.09% | 36.50% |
| Sharpe Ratio | 2.26 | 2.32 |
| Daily Std Dev | 15.13% | 48.58% |
| Max Drawdown | -58.56% | -81.66% |
| Current Drawdown | -5.01% | -38.78% |
Correlation
The correlation between BMCAX and TQQQ is 0.91, 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
BMCAX vs. TQQQ - Performance Comparison
In the year-to-date period, BMCAX achieves a 6.01% return, which is significantly higher than TQQQ's 4.62% return. Over the past 10 years, BMCAX has underperformed TQQQ with an annualized return of 12.09%, while TQQQ has yielded a comparatively higher 36.50% 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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BMCAX vs. TQQQ - Expense Ratio Comparison
BMCAX has a 0.87% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BMCAX vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
BMCAX vs. TQQQ - Dividend Comparison
BMCAX's dividend yield for the trailing twelve months is around 0.74%, less than TQQQ's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMCAX BlackRock Advantage Large Cap Growth Fund | 0.74% | 0.79% | 0.19% | 14.39% | 5.68% | 4.12% | 9.77% | 6.44% | 0.56% | 7.42% | 19.24% | 1.20% |
TQQQ ProShares UltraPro QQQ | 1.33% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
BMCAX vs. TQQQ - Drawdown Comparison
The maximum BMCAX drawdown since its inception was -58.56%, 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. For additional features, visit the drawdowns tool.
Volatility
BMCAX vs. TQQQ - Volatility Comparison
The current volatility for BlackRock Advantage Large Cap Growth Fund (BMCAX) is 5.19%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.62%. 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.