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 0.25, 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:
-0.17
TQQQ:
0.04
ETC-USD:
0.30
TQQQ:
0.58
ETC-USD:
1.03
TQQQ:
1.08
ETC-USD:
0.02
TQQQ:
0.05
ETC-USD:
-0.41
TQQQ:
0.13
ETC-USD:
33.67%
TQQQ:
20.43%
ETC-USD:
62.83%
TQQQ:
74.97%
ETC-USD:
-92.12%
TQQQ:
-81.66%
ETC-USD:
-87.51%
TQQQ:
-41.90%
Returns By Period
The year-to-date returns for both investments are quite close, with ETC-USD having a -33.03% return and TQQQ slightly higher at -31.73%.
ETC-USD
-33.03%
-6.97%
-7.83%
-36.68%
21.91%
N/A
TQQQ
-31.73%
-15.02%
-27.48%
3.28%
28.11%
27.88%
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Risk-Adjusted Performance
ETC-USD vs. TQQQ — Risk-Adjusted Performance Rank
ETC-USD
TQQQ
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
The current volatility for Ethereum Classic (ETC-USD) is 19.97%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.33%. This indicates that ETC-USD 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.