DPST vs. TQQQ
Compare and contrast key facts about Direxion Daily Regional Banks Bull 3X Shares (DPST) and ProShares UltraPro QQQ (TQQQ).
DPST and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. 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. Both DPST and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DPST or TQQQ.
Key characteristics
| DPST | TQQQ | |
|---|---|---|
| YTD Return | -31.06% | 10.73% |
| 1Y Return | -0.56% | 100.94% |
| 3Y Return (Ann) | -48.20% | 2.17% |
| 5Y Return (Ann) | -40.64% | 28.66% |
| Sharpe Ratio | 0.04 | 2.18 |
| Daily Std Dev | 99.52% | 48.20% |
| Max Drawdown | -97.73% | -81.66% |
| Current Drawdown | -96.11% | -35.20% |
Correlation
The correlation between DPST and TQQQ is 0.40, 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
DPST vs. TQQQ - Performance Comparison
In the year-to-date period, DPST achieves a -31.06% return, which is significantly lower than TQQQ's 10.73% 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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DPST vs. TQQQ - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DPST vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) 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
DPST vs. TQQQ - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 2.89%, more than TQQQ's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 2.89% | 1.78% | 1.51% | 0.58% | 0.90% | 1.29% | 2.18% | 0.30% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.26% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
DPST vs. TQQQ - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DPST and TQQQ. For additional features, visit the drawdowns tool.
Volatility
DPST vs. TQQQ - Volatility Comparison
Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 22.39% compared to ProShares UltraPro QQQ (TQQQ) at 15.55%. This indicates that DPST's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.