GOOW vs. TQQQ

Last updated Jun 5, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - GOOW is a Derivative Income fund actively managed by Roundhill, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). GOOW is actively managed, while TQQQ is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. GOOW charges 0.99%/yr vs 0.95%/yr for TQQQ.

Performance

GOOW vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOW achieves a 20.63% return, which is significantly lower than TQQQ's 61.91% return.

GOOW

• 1D: 4.51%
• 1M: -5.12%
• YTD: 20.63%
• 6M: 17.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -1.55%
• 1M: 26.46%
• YTD: 61.91%
• 6M: 54.01%
• 1Y: 132.34%
• 3Y*: 68.49%
• 5Y*: 27.97%
• 10Y*: 44.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOW vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	20.63%	75.51%
TQQQ ProShares UltraPro QQQ	61.91%	19.55%

Correlation

The correlation between GOOW and TQQQ is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.58

GOOW vs. TQQQ - Sectors Allocation Comparison

Sectors	GOOW	TQQQ
Communication Services	100.0%	15.8%
Basic Materials	-	1.1%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

GOOW vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 67
TQQQ Omega Ratio Rank: 66
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOW vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GOOW	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.71	0.74	+2.97

Drawdowns

GOOW vs. TQQQ - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GOOW and TQQQ.

Drawdown Indicators

	GOOW	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-81.66%	+56.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-9.28%	-2.29%	-6.99%
Average Drawdown Average peak-to-trough decline	-4.82%	-18.52%	+13.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.28%	—

Volatility

Volatility by Period

	GOOW	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.56%	47.60%	-10.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.56%	66.50%	-28.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.56%	65.95%	-28.39%

GOOW vs. TQQQ - Expense Ratio Comparison

GOOW has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

GOOW vs. TQQQ - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 33.69%, more than TQQQ's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOW Roundhill GOOGL WeeklyPay™ ETF	33.69%	19.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.37%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both GOOW and TQQQ in my portfolio?

GOOW and TQQQ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOOW or TQQQ?

On fees, TQQQ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOOW or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 0.99% for GOOW.

Which ETF pays a higher dividend yield, GOOW or TQQQ?

GOOW has the higher dividend yield at 33.69%, compared with 0.37% for TQQQ.

What is the main difference between GOOW and TQQQ?

GOOW is categorized as Derivative Income, while TQQQ is Leveraged Equities. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for GOOW and 0.95% for TQQQ.