Correlation
The correlation between GPGCX and TQQQ is 0.66, 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.
GPGCX vs. TQQQ
Compare and contrast key facts about Grandeur Peak Global Contrarian Fund (GPGCX) and ProShares UltraPro QQQ (TQQQ).
GPGCX is managed by Grandeur Peak Funds. It was launched on Sep 16, 2019. 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: GPGCX or TQQQ.
Performance
GPGCX vs. TQQQ - Performance Comparison
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Key characteristics
GPGCX:
1.10
TQQQ:
0.14
GPGCX:
1.43
TQQQ:
0.71
GPGCX:
1.20
TQQQ:
1.10
GPGCX:
0.95
TQQQ:
0.16
GPGCX:
3.92
TQQQ:
0.40
GPGCX:
3.95%
TQQQ:
22.55%
GPGCX:
15.73%
TQQQ:
75.92%
GPGCX:
-37.17%
TQQQ:
-81.66%
GPGCX:
-0.52%
TQQQ:
-24.09%
Returns By Period
In the year-to-date period, GPGCX achieves a 7.52% return, which is significantly higher than TQQQ's -10.81% return.
GPGCX
7.52%
5.36%
4.78%
17.12%
12.15%
15.91%
N/A
TQQQ
-10.81%
28.25%
-9.10%
10.25%
30.01%
28.73%
31.23%
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GPGCX vs. TQQQ - Expense Ratio Comparison
GPGCX has a 1.35% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
GPGCX vs. TQQQ — Risk-Adjusted Performance Rank
GPGCX
TQQQ
GPGCX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Contrarian Fund (GPGCX) 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.
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Dividends
GPGCX vs. TQQQ - Dividend Comparison
GPGCX's dividend yield for the trailing twelve months is around 6.69%, more than TQQQ's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPGCX Grandeur Peak Global Contrarian Fund | 6.69% | 7.19% | 1.92% | 2.98% | 5.88% | 1.70% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.40% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
GPGCX vs. TQQQ - Drawdown Comparison
The maximum GPGCX drawdown since its inception was -37.17%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GPGCX and TQQQ.
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Volatility
GPGCX vs. TQQQ - Volatility Comparison
The current volatility for Grandeur Peak Global Contrarian Fund (GPGCX) is 3.56%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.36%. This indicates that GPGCX 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.
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