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.
Key characteristics
CULAX | TQQQ | |
---|---|---|
YTD Return | 1.88% | 15.92% |
1Y Return | 6.04% | 108.95% |
3Y Return (Ann) | 2.55% | 5.01% |
5Y Return (Ann) | 2.06% | 31.66% |
10Y Return (Ann) | 1.67% | 37.81% |
Sharpe Ratio | 3.68 | 2.28 |
Daily Std Dev | 1.64% | 48.56% |
Max Drawdown | -7.40% | -81.66% |
Current Drawdown | 0.00% | -32.17% |
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.
Performance
CULAX vs. TQQQ - Performance Comparison
In the year-to-date period, CULAX achieves a 1.88% return, which is significantly lower than TQQQ's 15.92% return. Over the past 10 years, CULAX has underperformed TQQQ with an annualized return of 1.67%, while TQQQ has yielded a comparatively higher 37.81% 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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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 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 4.81%, more than TQQQ's 1.20% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Calvert Ultra-Short Duration Income Fund | 4.81% | 4.52% | 1.77% | 0.64% | 1.24% | 2.45% | 2.10% | 1.25% | 1.10% | 0.72% | 0.68% | 0.71% |
ProShares UltraPro QQQ | 1.20% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
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 0.75%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.38%. 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.