CPRT vs. TQQQ
Compare and contrast key facts about Copart, Inc. (CPRT) 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: CPRT or TQQQ.
Correlation
The correlation between CPRT and TQQQ is 0.59, 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
CPRT vs. TQQQ - Performance Comparison
Key characteristics
CPRT:
0.89
TQQQ:
1.35
CPRT:
1.44
TQQQ:
1.82
CPRT:
1.18
TQQQ:
1.25
CPRT:
1.33
TQQQ:
1.52
CPRT:
2.85
TQQQ:
5.71
CPRT:
7.14%
TQQQ:
12.58%
CPRT:
22.96%
TQQQ:
53.22%
CPRT:
-72.50%
TQQQ:
-81.66%
CPRT:
-8.39%
TQQQ:
-11.54%
Returns By Period
In the year-to-date period, CPRT achieves a 19.29% return, which is significantly lower than TQQQ's 64.50% return. Over the past 10 years, CPRT has underperformed TQQQ with an annualized return of 29.07%, while TQQQ has yielded a comparatively higher 35.14% annualized return.
CPRT
19.29%
3.41%
8.22%
22.00%
20.90%
29.07%
TQQQ
64.50%
6.77%
10.67%
71.82%
32.06%
35.14%
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Risk-Adjusted Performance
CPRT vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copart, Inc. (CPRT) 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
CPRT vs. TQQQ - Dividend Comparison
CPRT has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.88%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CPRT Copart, Inc. | 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 | 0.88% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
CPRT vs. TQQQ - Drawdown Comparison
The maximum CPRT drawdown since its inception was -72.50%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CPRT and TQQQ. For additional features, visit the drawdowns tool.
Volatility
CPRT vs. TQQQ - Volatility Comparison
The current volatility for Copart, Inc. (CPRT) is 11.57%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.00%. This indicates that CPRT 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.