BRAGX vs. TQQQ
Compare and contrast key facts about Bridgeway Aggressive Investors 1 Fund (BRAGX) and ProShares UltraPro QQQ (TQQQ).
BRAGX is managed by Bridgeway. It was launched on Aug 5, 1994. 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: BRAGX or TQQQ.
Key characteristics
| BRAGX | TQQQ | |
|---|---|---|
| YTD Return | 9.06% | 0.80% |
| 1Y Return | 26.40% | 92.30% |
| 3Y Return (Ann) | 3.36% | -1.42% |
| 5Y Return (Ann) | 8.09% | 25.89% |
| 10Y Return (Ann) | 6.80% | 36.17% |
| Sharpe Ratio | 1.80 | 1.90 |
| Daily Std Dev | 14.05% | 48.83% |
| Max Drawdown | -67.04% | -81.66% |
| Current Drawdown | -6.53% | -41.02% |
Correlation
The correlation between BRAGX and TQQQ is 0.84, 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
BRAGX vs. TQQQ - Performance Comparison
In the year-to-date period, BRAGX achieves a 9.06% return, which is significantly higher than TQQQ's 0.80% return. Over the past 10 years, BRAGX has underperformed TQQQ with an annualized return of 6.80%, while TQQQ has yielded a comparatively higher 36.17% 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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BRAGX vs. TQQQ - Expense Ratio Comparison
BRAGX has a 0.39% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BRAGX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridgeway Aggressive Investors 1 Fund (BRAGX) 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
BRAGX vs. TQQQ - Dividend Comparison
BRAGX's dividend yield for the trailing twelve months is around 0.80%, less than TQQQ's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRAGX Bridgeway Aggressive Investors 1 Fund | 0.80% | 0.88% | 1.46% | 9.11% | 1.01% | 1.30% | 11.62% | 0.00% | 0.56% | 0.05% | 0.20% | 0.69% |
TQQQ ProShares UltraPro QQQ | 1.38% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
BRAGX vs. TQQQ - Drawdown Comparison
The maximum BRAGX drawdown since its inception was -67.04%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BRAGX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
BRAGX vs. TQQQ - Volatility Comparison
The current volatility for Bridgeway Aggressive Investors 1 Fund (BRAGX) is 4.21%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.51%. This indicates that BRAGX 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.