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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CULAX or TQQQ.
Correlation
The correlation between CULAX and TQQQ is 0.09, 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.
Performance
CULAX vs. TQQQ - Performance Comparison
Key characteristics
CULAX:
3.20
TQQQ:
0.03
CULAX:
9.70
TQQQ:
0.57
CULAX:
3.02
TQQQ:
1.08
CULAX:
23.78
TQQQ:
0.04
CULAX:
60.89
TQQQ:
0.11
CULAX:
0.08%
TQQQ:
21.70%
CULAX:
1.51%
TQQQ:
74.54%
CULAX:
-7.40%
TQQQ:
-81.66%
CULAX:
-0.10%
TQQQ:
-36.24%
Returns By Period
In the year-to-date period, CULAX achieves a 1.03% return, which is significantly higher than TQQQ's -25.08% return. Over the past 10 years, CULAX has underperformed TQQQ with an annualized return of 2.10%, while TQQQ has yielded a comparatively higher 29.75% annualized return.
CULAX
1.03%
0.00%
1.82%
4.81%
3.29%
2.10%
TQQQ
-25.08%
51.95%
-27.94%
2.48%
26.97%
29.75%
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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.
Risk-Adjusted Performance
CULAX vs. TQQQ — Risk-Adjusted Performance Rank
CULAX
TQQQ
CULAX vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
CULAX vs. TQQQ - Dividend Comparison
CULAX's dividend yield for the trailing twelve months is around 4.38%, more than TQQQ's 1.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 4.38% | 4.90% | 4.52% | 1.77% | 0.64% | 1.24% | 2.45% | 2.10% | 1.25% | 1.10% | 0.72% | 0.68% |
TQQQ ProShares UltraPro QQQ | 1.67% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
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. For additional features, visit the drawdowns tool.
Volatility
CULAX vs. TQQQ - Volatility Comparison
The current volatility for Calvert Ultra-Short Duration Income Fund (CULAX) is 0.25%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 38.46%. 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.