BRZU vs. TQQQ
Compare and contrast key facts about Direxion Daily Brazil Bull 2X Shares (BRZU) and ProShares UltraPro QQQ (TQQQ).
BRZU and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRZU is a passively managed fund by Direxion that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Apr 1, 2020. 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. Both BRZU and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRZU or TQQQ.
Correlation
The correlation between BRZU and TQQQ is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BRZU vs. TQQQ - Performance Comparison
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Key characteristics
BRZU:
-0.39
TQQQ:
0.16
BRZU:
-0.25
TQQQ:
0.79
BRZU:
0.97
TQQQ:
1.11
BRZU:
-0.19
TQQQ:
0.24
BRZU:
-0.73
TQQQ:
0.63
BRZU:
26.72%
TQQQ:
22.20%
BRZU:
49.59%
TQQQ:
75.50%
BRZU:
-99.71%
TQQQ:
-81.66%
BRZU:
-99.46%
TQQQ:
-23.53%
Returns By Period
In the year-to-date period, BRZU achieves a 48.62% return, which is significantly higher than TQQQ's -10.15% return. Over the past 10 years, BRZU has underperformed TQQQ with an annualized return of -28.32%, while TQQQ has yielded a comparatively higher 31.27% annualized return.
BRZU
48.62%
23.32%
7.94%
-19.33%
-7.89%
6.35%
-28.32%
TQQQ
-10.15%
56.98%
-7.70%
11.83%
39.18%
30.29%
31.27%
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BRZU vs. TQQQ - Expense Ratio Comparison
BRZU has a 1.29% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
BRZU vs. TQQQ — Risk-Adjusted Performance Rank
BRZU
TQQQ
BRZU vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Brazil Bull 2X Shares (BRZU) 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.
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Dividends
BRZU vs. TQQQ - Dividend Comparison
BRZU's dividend yield for the trailing twelve months is around 5.39%, more than TQQQ's 1.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 5.39% | 8.73% | 3.24% | 4.70% | 6.29% | 0.79% | 0.95% | 1.04% | 0.73% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.39% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
BRZU vs. TQQQ - Drawdown Comparison
The maximum BRZU drawdown since its inception was -99.71%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BRZU and TQQQ. For additional features, visit the drawdowns tool.
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Volatility
BRZU vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily Brazil Bull 2X Shares (BRZU) is 12.58%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.36%. This indicates that BRZU 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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