FIG vs. TQQQ
Compare and contrast key facts about Simplify Macro Strategy ETF (FIG) and ProShares UltraPro QQQ (TQQQ).
FIG and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIG is an actively managed fund by Simplify. It was launched on May 16, 2022. 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: FIG or TQQQ.
Correlation
The correlation between FIG and TQQQ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIG vs. TQQQ - Performance Comparison
Key characteristics
FIG:
-0.04
TQQQ:
0.05
FIG:
0.06
TQQQ:
0.60
FIG:
1.01
TQQQ:
1.08
FIG:
-0.05
TQQQ:
0.06
FIG:
-0.12
TQQQ:
0.19
FIG:
6.41%
TQQQ:
20.26%
FIG:
17.64%
TQQQ:
74.90%
FIG:
-14.55%
TQQQ:
-81.66%
FIG:
-3.07%
TQQQ:
-43.76%
Returns By Period
In the year-to-date period, FIG achieves a 8.36% return, which is significantly higher than TQQQ's -33.91% return.
FIG
8.36%
2.98%
8.75%
-0.34%
N/A
N/A
TQQQ
-33.91%
-22.31%
-28.62%
-1.62%
27.30%
27.38%
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FIG vs. TQQQ - Expense Ratio Comparison
FIG has a 1.00% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FIG vs. TQQQ — Risk-Adjusted Performance Rank
FIG
TQQQ
FIG vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Macro Strategy ETF (FIG) 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.
Dividends
FIG vs. TQQQ - Dividend Comparison
FIG's dividend yield for the trailing twelve months is around 3.13%, more than TQQQ's 1.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIG Simplify Macro Strategy ETF | 3.13% | 3.03% | 4.29% | 3.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.89% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FIG vs. TQQQ - Drawdown Comparison
The maximum FIG drawdown since its inception was -14.55%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FIG and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FIG vs. TQQQ - Volatility Comparison
The current volatility for Simplify Macro Strategy ETF (FIG) is 10.39%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.70%. This indicates that FIG 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.