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 0.08, 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
Key characteristics
CULAX:
3.56
TQQQ:
1.11
CULAX:
12.32
TQQQ:
1.61
CULAX:
3.83
TQQQ:
1.21
CULAX:
27.44
TQQQ:
1.42
CULAX:
84.74
TQQQ:
4.60
CULAX:
0.07%
TQQQ:
13.17%
CULAX:
1.56%
TQQQ:
54.51%
CULAX:
-7.40%
TQQQ:
-81.66%
CULAX:
0.00%
TQQQ:
-3.39%
Returns By Period
In the year-to-date period, CULAX achieves a 0.39% return, which is significantly lower than TQQQ's 13.52% return. Over the past 10 years, CULAX has underperformed TQQQ with an annualized return of 2.06%, while TQQQ has yielded a comparatively higher 35.61% annualized return.
CULAX
0.39%
0.39%
2.52%
5.55%
2.51%
2.06%
TQQQ
13.52%
11.07%
31.73%
54.32%
26.67%
35.61%
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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 4.88%, more than TQQQ's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 4.88% | 4.91% | 4.52% | 1.78% | 0.64% | 1.25% | 2.44% | 2.05% | 1.23% | 1.10% | 0.72% | 0.69% |
TQQQ ProShares UltraPro QQQ | 1.12% | 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 0.41%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.10%. 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.