ETC-USD vs. TQQQ
Compare and contrast key facts about Ethereum Classic (ETC-USD) and ProShares UltraPro QQQ (TQQQ).
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: ETC-USD or TQQQ.
Key characteristics
| ETC-USD | TQQQ | |
|---|---|---|
| YTD Return | -7.45% | 64.56% |
| 1Y Return | 10.38% | 114.05% |
| 3Y Return (Ann) | -28.91% | 0.14% |
| 5Y Return (Ann) | 32.53% | 35.99% |
| Sharpe Ratio | -0.55 | 2.20 |
| Sortino Ratio | -0.49 | 2.54 |
| Omega Ratio | 0.95 | 1.34 |
| Calmar Ratio | 0.00 | 2.04 |
| Martin Ratio | -1.03 | 9.23 |
| Ulcer Index | 39.07% | 12.40% |
| Daily Std Dev | 62.23% | 52.07% |
| Max Drawdown | -92.12% | -81.66% |
| Current Drawdown | -84.88% | -3.70% |
Correlation
The correlation between ETC-USD and TQQQ is 0.18, 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
ETC-USD vs. TQQQ - Performance Comparison
In the year-to-date period, ETC-USD achieves a -7.45% return, which is significantly lower than TQQQ's 64.56% 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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Risk-Adjusted Performance
ETC-USD vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum Classic (ETC-USD) 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.
Drawdowns
ETC-USD vs. TQQQ - Drawdown Comparison
The maximum ETC-USD drawdown since its inception was -92.12%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ETC-USD and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ETC-USD vs. TQQQ - Volatility Comparison
Ethereum Classic (ETC-USD) and ProShares UltraPro QQQ (TQQQ) have volatilities of 14.80% and 15.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.