GLXY.TO vs. QLD
Compare and contrast key facts about Galaxy Digital Holdings Ltd. (GLXY.TO) and ProShares Ultra QQQ (QLD).
QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLXY.TO or QLD.
Key characteristics
| GLXY.TO | QLD | |
|---|---|---|
| YTD Return | 142.01% | 42.66% |
| 1Y Return | 208.64% | 60.10% |
| 3Y Return (Ann) | -15.29% | 7.38% |
| 5Y Return (Ann) | 86.32% | 31.65% |
| Sharpe Ratio | 2.96 | 1.75 |
| Sortino Ratio | 3.20 | 2.24 |
| Omega Ratio | 1.38 | 1.30 |
| Calmar Ratio | 2.99 | 2.26 |
| Martin Ratio | 16.49 | 7.52 |
| Ulcer Index | 14.99% | 8.02% |
| Daily Std Dev | 83.62% | 34.49% |
| Max Drawdown | -91.88% | -83.13% |
| Current Drawdown | -41.36% | -2.19% |
Correlation
The correlation between GLXY.TO and QLD is 0.34, 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
GLXY.TO vs. QLD - Performance Comparison
In the year-to-date period, GLXY.TO achieves a 142.01% return, which is significantly higher than QLD's 42.66% 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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Risk-Adjusted Performance
GLXY.TO vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd. (GLXY.TO) and ProShares Ultra QQQ (QLD). 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
GLXY.TO vs. QLD - Dividend Comparison
GLXY.TO has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLXY.TO Galaxy Digital Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.27% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
GLXY.TO vs. QLD - Drawdown Comparison
The maximum GLXY.TO drawdown since its inception was -91.88%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for GLXY.TO and QLD. For additional features, visit the drawdowns tool.
Volatility
GLXY.TO vs. QLD - Volatility Comparison
Galaxy Digital Holdings Ltd. (GLXY.TO) has a higher volatility of 33.49% compared to ProShares Ultra QQQ (QLD) at 9.97%. This indicates that GLXY.TO's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.