GOLDX vs. TQQQ
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and ProShares UltraPro QQQ (TQQQ).
GOLDX is managed by Gabelli. It was launched on Jul 10, 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: GOLDX or TQQQ.
Performance
GOLDX vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, GOLDX achieves a 23.83% return, which is significantly lower than TQQQ's 53.90% return. Over the past 10 years, GOLDX has underperformed TQQQ with an annualized return of 7.76%, while TQQQ has yielded a comparatively higher 34.56% annualized return.
GOLDX
23.83%
-11.24%
10.40%
33.63%
9.11%
7.76%
TQQQ
53.90%
2.86%
20.48%
78.56%
34.01%
34.56%
Key characteristics
| GOLDX | TQQQ | |
|---|---|---|
| Sharpe Ratio | 1.36 | 1.45 |
| Sortino Ratio | 1.93 | 1.93 |
| Omega Ratio | 1.24 | 1.26 |
| Calmar Ratio | 0.61 | 1.47 |
| Martin Ratio | 5.16 | 6.04 |
| Ulcer Index | 7.09% | 12.47% |
| Daily Std Dev | 26.89% | 51.83% |
| Max Drawdown | -79.86% | -81.66% |
| Current Drawdown | -41.29% | -9.94% |
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GOLDX vs. TQQQ - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Correlation
The correlation between GOLDX and TQQQ is 0.21, 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.
Risk-Adjusted Performance
GOLDX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) 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
GOLDX vs. TQQQ - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 0.91%, less than TQQQ's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 0.91% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.23% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
GOLDX vs. TQQQ - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -79.86%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GOLDX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
GOLDX vs. TQQQ - Volatility Comparison
The current volatility for Gabelli Gold Fund (GOLDX) is 8.80%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.03%. This indicates that GOLDX 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.