DNLDX vs. TQQQ
Compare and contrast key facts about BNY Mellon Active MidCap Fund (DNLDX) and ProShares UltraPro QQQ (TQQQ).
DNLDX is managed by BNY Mellon. It was launched on Jan 29, 1985. 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: DNLDX or TQQQ.
Correlation
The correlation between DNLDX and TQQQ is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DNLDX vs. TQQQ - Performance Comparison
Key characteristics
DNLDX:
0.63
TQQQ:
1.11
DNLDX:
0.89
TQQQ:
1.61
DNLDX:
1.13
TQQQ:
1.21
DNLDX:
0.47
TQQQ:
1.42
DNLDX:
1.89
TQQQ:
4.60
DNLDX:
5.16%
TQQQ:
13.17%
DNLDX:
15.54%
TQQQ:
54.51%
DNLDX:
-73.00%
TQQQ:
-81.66%
DNLDX:
-13.22%
TQQQ:
-3.39%
Returns By Period
In the year-to-date period, DNLDX achieves a 4.35% return, which is significantly lower than TQQQ's 13.52% return. Over the past 10 years, DNLDX has underperformed TQQQ with an annualized return of 1.02%, while TQQQ has yielded a comparatively higher 35.14% annualized return.
DNLDX
4.35%
1.24%
2.97%
7.33%
2.80%
1.02%
TQQQ
13.52%
8.05%
26.82%
58.67%
25.95%
35.14%
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DNLDX vs. TQQQ - Expense Ratio Comparison
DNLDX has a 1.00% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DNLDX vs. TQQQ — Risk-Adjusted Performance Rank
DNLDX
TQQQ
DNLDX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Active MidCap Fund (DNLDX) 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
DNLDX vs. TQQQ - Dividend Comparison
DNLDX's dividend yield for the trailing twelve months is around 0.52%, less than TQQQ's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNLDX BNY Mellon Active MidCap Fund | 0.52% | 0.54% | 0.74% | 0.74% | 0.49% | 0.68% | 0.46% | 0.54% | 0.38% | 0.31% | 0.59% | 0.26% |
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
DNLDX vs. TQQQ - Drawdown Comparison
The maximum DNLDX drawdown since its inception was -73.00%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DNLDX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
DNLDX vs. TQQQ - Volatility Comparison
The current volatility for BNY Mellon Active MidCap Fund (DNLDX) is 3.11%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.10%. This indicates that DNLDX 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.