DIAMX vs. TQQQ
Compare and contrast key facts about Diamond Hill Long-Short Fund (DIAMX) and ProShares UltraPro QQQ (TQQQ).
DIAMX is managed by Diamond Hill. It was launched on Jun 29, 2000. 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: DIAMX or TQQQ.
Correlation
The correlation between DIAMX and TQQQ is 0.67, 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
DIAMX vs. TQQQ - Performance Comparison
Key characteristics
DIAMX:
0.20
TQQQ:
0.79
DIAMX:
0.29
TQQQ:
1.31
DIAMX:
1.05
TQQQ:
1.17
DIAMX:
0.16
TQQQ:
1.02
DIAMX:
0.63
TQQQ:
3.29
DIAMX:
3.09%
TQQQ:
13.18%
DIAMX:
9.92%
TQQQ:
54.66%
DIAMX:
-41.19%
TQQQ:
-81.66%
DIAMX:
-8.60%
TQQQ:
-8.37%
Returns By Period
In the year-to-date period, DIAMX achieves a 2.95% return, which is significantly lower than TQQQ's 7.67% return. Over the past 10 years, DIAMX has underperformed TQQQ with an annualized return of 1.75%, while TQQQ has yielded a comparatively higher 34.94% annualized return.
DIAMX
2.95%
2.25%
-2.78%
2.14%
1.70%
1.75%
TQQQ
7.67%
12.06%
34.69%
52.27%
25.38%
34.94%
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DIAMX vs. TQQQ - Expense Ratio Comparison
DIAMX has a 1.36% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DIAMX vs. TQQQ — Risk-Adjusted Performance Rank
DIAMX
TQQQ
DIAMX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) 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
DIAMX vs. TQQQ - Dividend Comparison
DIAMX's dividend yield for the trailing twelve months is around 2.15%, more than TQQQ's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | 2.15% | 2.22% | 2.05% | 0.36% | 0.00% | 0.19% | 0.65% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
DIAMX vs. TQQQ - Drawdown Comparison
The maximum DIAMX drawdown since its inception was -41.19%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DIAMX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
DIAMX vs. TQQQ - Volatility Comparison
The current volatility for Diamond Hill Long-Short Fund (DIAMX) is 2.36%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.90%. This indicates that DIAMX 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.