CACC vs. TQQQ
Compare and contrast key facts about Credit Acceptance Corporation (CACC) and ProShares UltraPro QQQ (TQQQ).
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: CACC or TQQQ.
Key characteristics
| CACC | TQQQ | |
|---|---|---|
| YTD Return | -5.93% | 5.92% |
| 1Y Return | 11.13% | 102.01% |
| 3Y Return (Ann) | 6.42% | 1.21% |
| 5Y Return (Ann) | 0.15% | 26.64% |
| 10Y Return (Ann) | 14.26% | 36.00% |
| Sharpe Ratio | 0.50 | 2.02 |
| Daily Std Dev | 33.21% | 48.57% |
| Max Drawdown | -89.57% | -81.66% |
| Current Drawdown | -28.02% | -38.02% |
Correlation
The correlation between CACC and TQQQ is 0.42, 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
CACC vs. TQQQ - Performance Comparison
In the year-to-date period, CACC achieves a -5.93% return, which is significantly lower than TQQQ's 5.92% return. Over the past 10 years, CACC has underperformed TQQQ with an annualized return of 14.26%, while TQQQ has yielded a comparatively higher 36.00% 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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Risk-Adjusted Performance
CACC vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Acceptance Corporation (CACC) 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
CACC vs. TQQQ - Dividend Comparison
CACC has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CACC Credit Acceptance Corporation | 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 | 1.32% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
CACC vs. TQQQ - Drawdown Comparison
The maximum CACC drawdown since its inception was -89.57%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CACC and TQQQ. For additional features, visit the drawdowns tool.
Volatility
CACC vs. TQQQ - Volatility Comparison
The current volatility for Credit Acceptance Corporation (CACC) is 10.31%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. This indicates that CACC 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.