CDCDX vs. TQQQ
Compare and contrast key facts about The Community Development Fund (CDCDX) and ProShares UltraPro QQQ (TQQQ).
CDCDX is managed by Community Development Fund. It was launched on Apr 28, 2016. 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: CDCDX or TQQQ.
Key characteristics
| CDCDX | TQQQ | |
|---|---|---|
| YTD Return | 0.07% | 24.59% |
| 1Y Return | 2.47% | 99.84% |
| 3Y Return (Ann) | -1.29% | 11.84% |
| 5Y Return (Ann) | 0.57% | 34.47% |
| Sharpe Ratio | 0.55 | 2.28 |
| Daily Std Dev | 4.09% | 48.51% |
| Max Drawdown | -10.37% | -81.66% |
| Current Drawdown | -4.25% | -27.09% |
Correlation
The correlation between CDCDX and TQQQ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CDCDX vs. TQQQ - Performance Comparison
In the year-to-date period, CDCDX achieves a 0.07% return, which is significantly lower than TQQQ's 24.59% 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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CDCDX vs. TQQQ - Expense Ratio Comparison
CDCDX has a 1.00% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
CDCDX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Community Development Fund (CDCDX) 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
CDCDX vs. TQQQ - Dividend Comparison
CDCDX's dividend yield for the trailing twelve months is around 4.05%, more than TQQQ's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CDCDX The Community Development Fund | 4.05% | 3.80% | 3.44% | 1.08% | 1.46% | 1.86% | 1.90% | 1.86% | 1.37% | 0.00% | 0.00% |
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% |
Drawdowns
CDCDX vs. TQQQ - Drawdown Comparison
The maximum CDCDX drawdown since its inception was -10.37%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CDCDX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
CDCDX vs. TQQQ - Volatility Comparison
The current volatility for The Community Development Fund (CDCDX) is 0.80%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.51%. This indicates that CDCDX 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.