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.
Correlation
The correlation between ETC-USD and TQQQ is 0.19, 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
Key characteristics
ETC-USD:
0.08
TQQQ:
1.35
ETC-USD:
0.68
TQQQ:
1.82
ETC-USD:
1.07
TQQQ:
1.25
ETC-USD:
0.01
TQQQ:
1.53
ETC-USD:
0.19
TQQQ:
5.72
ETC-USD:
30.66%
TQQQ:
12.59%
ETC-USD:
68.31%
TQQQ:
53.33%
ETC-USD:
-92.12%
TQQQ:
-81.66%
ETC-USD:
-79.50%
TQQQ:
-8.52%
Returns By Period
In the year-to-date period, ETC-USD achieves a 25.46% return, which is significantly lower than TQQQ's 70.13% return.
ETC-USD
25.46%
-7.21%
19.57%
31.66%
46.45%
N/A
TQQQ
70.13%
9.06%
19.57%
71.31%
32.75%
35.46%
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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) has a higher volatility of 34.22% compared to ProShares UltraPro QQQ (TQQQ) at 16.17%. This indicates that ETC-USD'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.