FLYU vs. TQQQ
Compare and contrast key facts about MicroSectors Travel 3X Leveraged ETNs (FLYU) and ProShares UltraPro QQQ (TQQQ).
FLYU and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLYU is a passively managed fund by REX Microsectors that tracks the performance of the MerQube MicroSectors U.S. Travel Index. It was launched on Jun 22, 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. Both FLYU and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLYU or TQQQ.
Correlation
The correlation between FLYU and TQQQ is 0.65, 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
FLYU vs. TQQQ - Performance Comparison
Key characteristics
FLYU:
0.62
TQQQ:
1.06
FLYU:
1.19
TQQQ:
1.56
FLYU:
1.15
TQQQ:
1.21
FLYU:
0.63
TQQQ:
1.35
FLYU:
1.45
TQQQ:
4.39
FLYU:
24.23%
TQQQ:
13.17%
FLYU:
56.98%
TQQQ:
54.39%
FLYU:
-57.71%
TQQQ:
-81.66%
FLYU:
-4.12%
TQQQ:
-3.96%
Returns By Period
In the year-to-date period, FLYU achieves a 18.11% return, which is significantly higher than TQQQ's 12.85% return.
FLYU
18.11%
9.74%
109.76%
40.44%
N/A
N/A
TQQQ
12.85%
5.66%
31.45%
63.52%
28.01%
34.97%
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FLYU vs. TQQQ - Expense Ratio Comparison
Both FLYU and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
FLYU vs. TQQQ — Risk-Adjusted Performance Rank
FLYU
TQQQ
FLYU vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) 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
FLYU vs. TQQQ - Dividend Comparison
FLYU has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.12%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLYU MicroSectors Travel 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FLYU vs. TQQQ - Drawdown Comparison
The maximum FLYU drawdown since its inception was -57.71%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FLYU and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FLYU vs. TQQQ - Volatility Comparison
MicroSectors Travel 3X Leveraged ETNs (FLYU) and ProShares UltraPro QQQ (TQQQ) have volatilities of 14.66% and 14.22%, 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.