CULAX vs. TQQQ
Compare and contrast key facts about Calvert Ultra-Short Duration Income Fund (CULAX) and ProShares UltraPro QQQ (TQQQ).
CULAX is managed by Calvert Research and Management. It was launched on Oct 31, 2006. 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.
Performance
CULAX vs. TQQQ - Performance Comparison
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CULAX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 0.41% | 4.55% | 5.69% | 6.07% | -0.56% | 0.43% | 0.66% | 3.30% | 1.15% | 1.27% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Returns By Period
In the year-to-date period, CULAX achieves a 0.41% return, which is significantly higher than TQQQ's -17.87% return. Over the past 10 years, CULAX has underperformed TQQQ with an annualized return of 2.44%, while TQQQ has yielded a comparatively higher 35.31% annualized return.
CULAX
- 1D
- 0.10%
- 1M
- -0.20%
- YTD
- 0.41%
- 6M
- 1.51%
- 1Y
- 3.81%
- 3Y*
- 5.11%
- 5Y*
- 3.24%
- 10Y*
- 2.44%
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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CULAX vs. TQQQ - Expense Ratio Comparison
CULAX has a 0.72% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Return for Risk
CULAX vs. TQQQ — Risk / Return Rank
CULAX
TQQQ
CULAX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Duration Income Fund (CULAX) 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.
| CULAX | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.84 | 0.72 | +2.12 |
Sortino ratioReturn per unit of downside risk | 8.78 | 1.41 | +7.37 |
Omega ratioGain probability vs. loss probability | 3.07 | 1.20 | +1.87 |
Calmar ratioReturn relative to maximum drawdown | 13.90 | 1.41 | +12.50 |
Martin ratioReturn relative to average drawdown | 46.18 | 4.28 | +41.90 |
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
| CULAX | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 0.72 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.46 | 0.20 | +2.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.74 | 0.54 | +1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.05 | 0.65 | +1.41 |
Correlation
The correlation between CULAX and TQQQ is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CULAX vs. TQQQ - Dividend Comparison
CULAX's dividend yield for the trailing twelve months is around 3.63%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 3.63% | 4.13% | 4.90% | 4.52% | 1.47% | 0.64% | 1.25% | 2.44% | 2.10% | 1.13% | 1.10% | 0.66% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
CULAX vs. TQQQ - Drawdown Comparison
The maximum CULAX drawdown since its inception was -7.40%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CULAX and TQQQ.
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Drawdown Indicators
| CULAX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -81.66% | +74.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -36.97% | +36.67% |
Max Drawdown (5Y)Largest decline over 5 years | -2.19% | -81.66% | +79.47% |
Max Drawdown (10Y)Largest decline over 10 years | -7.40% | -81.66% | +74.26% |
Current DrawdownCurrent decline from peak | -0.20% | -28.08% | +27.88% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -18.66% | +18.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 12.13% | -12.04% |
Volatility
CULAX vs. TQQQ - Volatility Comparison
The current volatility for Calvert Ultra-Short Duration Income Fund (CULAX) is 0.20%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.74%. This indicates that CULAX 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.
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Volatility by Period
| CULAX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 19.74% | -19.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 38.50% | -37.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 67.35% | -65.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 66.53% | -65.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.41% | 65.83% | -64.42% |