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BULZ vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BULZ vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
22.48%
23.50%
BULZ
TQQQ

Returns By Period

The year-to-date returns for both investments are quite close, with BULZ having a 53.82% return and TQQQ slightly higher at 55.41%.


BULZ

YTD

53.82%

1M

9.66%

6M

22.48%

1Y

81.85%

5Y (annualized)

N/A

10Y (annualized)

N/A

TQQQ

YTD

55.41%

1M

3.57%

6M

23.50%

1Y

78.24%

5Y (annualized)

34.24%

10Y (annualized)

34.39%

Key characteristics


BULZTQQQ
Sharpe Ratio1.191.55
Sortino Ratio1.722.01
Omega Ratio1.231.27
Calmar Ratio1.091.57
Martin Ratio4.146.44
Ulcer Index20.09%12.48%
Daily Std Dev70.13%51.79%
Max Drawdown-94.44%-81.66%
Current Drawdown-53.24%-9.06%

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BULZ vs. TQQQ - Expense Ratio Comparison

Both BULZ and TQQQ have an expense ratio of 0.95%.


BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
Expense ratio chart for BULZ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.01.0

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.

Risk-Adjusted Performance

BULZ vs. TQQQ - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for BULZ, currently valued at 1.19, compared to the broader market0.002.004.001.191.55
The chart of Sortino ratio for BULZ, currently valued at 1.72, compared to the broader market-2.000.002.004.006.008.0010.0012.001.722.01
The chart of Omega ratio for BULZ, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.27
The chart of Calmar ratio for BULZ, currently valued at 1.09, compared to the broader market0.005.0010.0015.001.091.57
The chart of Martin ratio for BULZ, currently valued at 4.14, compared to the broader market0.0020.0040.0060.0080.00100.004.146.44
BULZ
TQQQ

The current BULZ Sharpe Ratio is 1.19, which is comparable to the TQQQ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of BULZ and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.19
1.55
BULZ
TQQQ

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 1.22%.


TTM2023202220212020201920182017201620152014
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%
TQQQ
ProShares UltraPro QQQ
1.22%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

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. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-53.24%
-9.06%
BULZ
TQQQ

Volatility

BULZ vs. TQQQ - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 21.96% compared to ProShares UltraPro QQQ (TQQQ) at 16.26%. 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.


10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
21.96%
16.26%
BULZ
TQQQ