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 | -16.52% | 30.39% |
1Y Return | 16.06% | 68.26% |
3Y Return (Ann) | -30.86% | -1.69% |
5Y Return (Ann) | 24.29% | 33.77% |
Sharpe Ratio | -0.54 | 1.27 |
Daily Std Dev | 61.31% | 52.77% |
Max Drawdown | -92.12% | -81.66% |
Current Drawdown | -86.36% | -23.70% |
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 -16.52% return, which is significantly lower than TQQQ's 30.39% 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
The current volatility for Ethereum Classic (ETC-USD) is 14.34%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.70%. 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.