BULZ vs. TQQQ
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and ProShares UltraPro QQQ (TQQQ).
BULZ and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BULZ is a passively managed fund by BMO that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. 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 BULZ 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.
Performance
BULZ vs. TQQQ - Performance Comparison
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BULZ vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | -32.23% | 60.09% | 54.09% | 394.22% | -92.26% | 12.62% |
TQQQ ProShares UltraPro QQQ | -20.81% | 34.35% | 58.27% | 198.04% | -79.09% | 28.06% |
Returns By Period
In the year-to-date period, BULZ achieves a -32.23% return, which is significantly lower than TQQQ's -20.81% return.
BULZ
- 1D
- 15.12%
- 1M
- -15.60%
- YTD
- -32.23%
- 6M
- -31.80%
- 1Y
- 68.79%
- 3Y*
- 56.38%
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- 10.00%
- 1M
- -15.69%
- YTD
- -20.81%
- 6M
- -19.12%
- 1Y
- 46.49%
- 3Y*
- 45.09%
- 5Y*
- 12.72%
- 10Y*
- 34.82%
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BULZ vs. TQQQ - Expense Ratio Comparison
Both BULZ and TQQQ have an expense ratio of 0.95%.
Return for Risk
BULZ vs. TQQQ — Risk / Return Rank
BULZ
TQQQ
BULZ vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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.
| BULZ | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.69 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.37 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.25 | -0.04 |
Martin ratioReturn relative to average drawdown | 3.28 | 3.87 | -0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BULZ | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.69 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.64 | -0.72 |
Correlation
The correlation between BULZ and TQQQ is 0.96, 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.
Dividends
BULZ vs. TQQQ - Dividend Comparison
BULZ has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.76%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.76% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
BULZ vs. TQQQ - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BULZ and TQQQ.
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Drawdown Indicators
| BULZ | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -81.66% | -12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -36.97% | -17.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -49.18% | -30.66% | -18.52% |
Average DrawdownAverage peak-to-trough decline | -60.16% | -18.66% | -41.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.05% | 12.00% | +8.05% |
Volatility
BULZ vs. TQQQ - Volatility Comparison
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 28.82% compared to ProShares UltraPro QQQ (TQQQ) at 19.43%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier 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
| BULZ | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.82% | 19.43% | +9.39% |
Volatility (6M)Calculated over the trailing 6-month period | 60.39% | 38.32% | +22.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.38% | 67.26% | +25.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.57% | 66.55% | +25.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.57% | 65.83% | +25.74% |