GDIV vs. TQQQ
Compare and contrast key facts about Harbor Dividend Growth Leaders ETF (GDIV) and ProShares UltraPro QQQ (TQQQ).
GDIV and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDIV is an actively managed fund by Harbor. It was launched on Jul 26, 2013. 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: GDIV or TQQQ.
Key characteristics
| GDIV | TQQQ | |
|---|---|---|
| YTD Return | 12.79% | 30.39% |
| 1Y Return | 22.25% | 68.26% |
| 3Y Return (Ann) | 3,219.09% | -1.69% |
| 5Y Return (Ann) | 3,219.09% | 33.77% |
| 10Y Return (Ann) | 3,219.09% | 33.66% |
| Sharpe Ratio | 1.86 | 1.27 |
| Daily Std Dev | 11.89% | 52.77% |
| Max Drawdown | -100.00% | -81.66% |
| Current Drawdown | -0.40% | -23.70% |
Correlation
The correlation between GDIV and TQQQ is 0.26, 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
GDIV vs. TQQQ - Performance Comparison
In the year-to-date period, GDIV achieves a 12.79% return, which is significantly lower than TQQQ's 30.39% return. Over the past 10 years, GDIV has outperformed TQQQ with an annualized return of 3,219.09%, while TQQQ has yielded a comparatively lower 33.66% annualized 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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GDIV vs. TQQQ - Expense Ratio Comparison
GDIV has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
GDIV vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) 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
GDIV vs. TQQQ - Dividend Comparison
GDIV's dividend yield for the trailing twelve months is around 1.39%, more than TQQQ's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GDIV Harbor Dividend Growth Leaders ETF | 1.39% | 2.28% | 9.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.31% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
GDIV vs. TQQQ - Drawdown Comparison
The maximum GDIV drawdown since its inception was -100.00%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GDIV and TQQQ. For additional features, visit the drawdowns tool.
Volatility
GDIV vs. TQQQ - Volatility Comparison
The current volatility for Harbor Dividend Growth Leaders ETF (GDIV) is 3.90%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.81%. This indicates that GDIV 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.