GFOF vs. TQQQ
Compare and contrast key facts about Grayscale Future of Finance ETF (GFOF) and ProShares UltraPro QQQ (TQQQ).
GFOF and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GFOF is a passively managed fund by Grayscale that tracks the performance of the Bloomberg Grayscale Future of Finance Index. It was launched on Feb 1, 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 GFOF 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: GFOF or TQQQ.
Performance
GFOF vs. TQQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GFOF having a 55.56% return and TQQQ slightly higher at 55.99%.
GFOF
55.56%
30.27%
60.73%
137.81%
N/A
N/A
TQQQ
55.99%
9.00%
20.58%
78.91%
34.31%
34.40%
Key characteristics
| GFOF | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.22 | 1.52 |
| Sortino Ratio | 2.85 | 1.98 |
| Omega Ratio | 1.33 | 1.27 |
| Calmar Ratio | 2.46 | 1.54 |
| Martin Ratio | 7.50 | 6.32 |
| Ulcer Index | 18.37% | 12.49% |
| Daily Std Dev | 62.19% | 51.79% |
| Max Drawdown | -75.18% | -81.66% |
| Current Drawdown | -2.38% | -8.72% |
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GFOF vs. TQQQ - Expense Ratio Comparison
GFOF has a 0.70% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Correlation
The correlation between GFOF 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.
Risk-Adjusted Performance
GFOF vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) 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
GFOF vs. TQQQ - Dividend Comparison
GFOF's dividend yield for the trailing twelve months is around 5.05%, more than TQQQ's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GFOF Grayscale Future of Finance ETF | 5.05% | 4.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.22% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
GFOF vs. TQQQ - Drawdown Comparison
The maximum GFOF drawdown since its inception was -75.18%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GFOF and TQQQ. For additional features, visit the drawdowns tool.
Volatility
GFOF vs. TQQQ - Volatility Comparison
Grayscale Future of Finance ETF (GFOF) has a higher volatility of 26.09% compared to ProShares UltraPro QQQ (TQQQ) at 16.13%. This indicates that GFOF's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.