Correlation
The correlation between FREEX and TQQQ is 0.63, 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.
FREEX vs. TQQQ
Compare and contrast key facts about Franklin Real Estate Securities Fund (FREEX) and ProShares UltraPro QQQ (TQQQ).
FREEX is managed by Franklin Templeton. It was launched on Jan 3, 1994. 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: FREEX or TQQQ.
Performance
FREEX vs. TQQQ - Performance Comparison
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Key characteristics
FREEX:
0.86
TQQQ:
0.18
FREEX:
1.31
TQQQ:
0.68
FREEX:
1.17
TQQQ:
1.09
FREEX:
0.63
TQQQ:
0.13
FREEX:
3.00
TQQQ:
0.33
FREEX:
5.31%
TQQQ:
22.59%
FREEX:
17.60%
TQQQ:
75.89%
FREEX:
-76.99%
TQQQ:
-81.66%
FREEX:
-12.89%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, FREEX achieves a 2.78% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, FREEX has underperformed TQQQ with an annualized return of 4.95%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
FREEX
2.78%
1.07%
-5.11%
13.05%
0.33%
6.35%
4.95%
TQQQ
-11.28%
23.30%
-11.83%
13.44%
30.10%
28.60%
31.28%
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FREEX vs. TQQQ - Expense Ratio Comparison
FREEX has a 1.11% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FREEX vs. TQQQ — Risk-Adjusted Performance Rank
FREEX
TQQQ
FREEX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Real Estate Securities Fund (FREEX) 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.
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Dividends
FREEX vs. TQQQ - Dividend Comparison
FREEX's dividend yield for the trailing twelve months is around 11.54%, more than TQQQ's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FREEX Franklin Real Estate Securities Fund | 11.54% | 11.87% | 5.13% | 3.70% | 5.36% | 8.38% | 17.27% | 5.49% | 11.13% | 4.36% | 1.50% | 1.25% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FREEX vs. TQQQ - Drawdown Comparison
The maximum FREEX drawdown since its inception was -76.99%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FREEX and TQQQ.
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Volatility
FREEX vs. TQQQ - Volatility Comparison
The current volatility for Franklin Real Estate Securities Fund (FREEX) is 4.67%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that FREEX 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.
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