EET vs. QQQ
Compare and contrast key facts about ProShares Ultra MSCI Emerging Markets (EET) and Invesco QQQ (QQQ).
EET and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EET is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (200%). It was launched on Jun 2, 2009. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both EET and QQQ 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: EET or QQQ.
Correlation
The correlation between EET and QQQ is 0.72, 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
EET vs. QQQ - Performance Comparison
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Key characteristics
EET:
0.16
QQQ:
0.64
EET:
0.60
QQQ:
1.12
EET:
1.08
QQQ:
1.16
EET:
0.14
QQQ:
0.78
EET:
0.65
QQQ:
2.53
EET:
13.53%
QQQ:
6.98%
EET:
38.64%
QQQ:
25.46%
EET:
-71.66%
QQQ:
-82.98%
EET:
-47.85%
QQQ:
-3.19%
Returns By Period
In the year-to-date period, EET achieves a 16.79% return, which is significantly higher than QQQ's 2.16% return. Over the past 10 years, EET has underperformed QQQ with an annualized return of -2.15%, while QQQ has yielded a comparatively higher 17.81% annualized return.
EET
16.79%
22.37%
13.47%
6.21%
6.09%
-2.15%
QQQ
2.16%
17.41%
5.35%
16.09%
19.29%
17.81%
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EET vs. QQQ - Expense Ratio Comparison
EET has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
EET vs. QQQ — Risk-Adjusted Performance Rank
EET
QQQ
EET vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and Invesco QQQ (QQQ). 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.
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Dividends
EET vs. QQQ - Dividend Comparison
EET's dividend yield for the trailing twelve months is around 3.29%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 3.29% | 3.85% | 2.14% | 0.00% | 0.00% | 0.01% | 1.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
EET vs. QQQ - Drawdown Comparison
The maximum EET drawdown since its inception was -71.66%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EET and QQQ. For additional features, visit the drawdowns tool.
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Volatility
EET vs. QQQ - Volatility Comparison
ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 8.12% compared to Invesco QQQ (QQQ) at 6.50%. This indicates that EET's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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