BRLGX vs. TQQQ
Compare and contrast key facts about American Beacon Bridgeway Large Cap Growth Fund (BRLGX) and ProShares UltraPro QQQ (TQQQ).
BRLGX is managed by American Beacon. It was launched on Oct 31, 2003. 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: BRLGX or TQQQ.
Key characteristics
| BRLGX | TQQQ | |
|---|---|---|
| YTD Return | 13.81% | 24.87% |
| 1Y Return | 37.25% | 111.05% |
| 3Y Return (Ann) | 9.46% | 11.13% |
| 5Y Return (Ann) | 15.15% | 34.56% |
| 10Y Return (Ann) | 13.70% | 38.12% |
| Sharpe Ratio | 2.50 | 2.44 |
| Daily Std Dev | 15.65% | 48.61% |
| Max Drawdown | -55.32% | -81.66% |
| Current Drawdown | -0.37% | -26.93% |
Correlation
The correlation between BRLGX 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
BRLGX vs. TQQQ - Performance Comparison
In the year-to-date period, BRLGX achieves a 13.81% return, which is significantly lower than TQQQ's 24.87% return. Over the past 10 years, BRLGX has underperformed TQQQ with an annualized return of 13.70%, while TQQQ has yielded a comparatively higher 38.12% 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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BRLGX vs. TQQQ - Expense Ratio Comparison
BRLGX has a 0.80% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BRLGX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Bridgeway Large Cap Growth Fund (BRLGX) 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
BRLGX vs. TQQQ - Dividend Comparison
BRLGX's dividend yield for the trailing twelve months is around 0.67%, less than TQQQ's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRLGX American Beacon Bridgeway Large Cap Growth Fund | 0.67% | 0.76% | 17.14% | 19.83% | 10.72% | 10.33% | 10.87% | 4.20% | 0.64% | 0.47% | 0.48% | 0.49% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
BRLGX vs. TQQQ - Drawdown Comparison
The maximum BRLGX drawdown since its inception was -55.32%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BRLGX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
BRLGX vs. TQQQ - Volatility Comparison
The current volatility for American Beacon Bridgeway Large Cap Growth Fund (BRLGX) is 4.79%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.72%. This indicates that BRLGX 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.