GPGOX vs. TQQQ
Compare and contrast key facts about Grandeur Peak Global Opportunities Fund (GPGOX) and ProShares UltraPro QQQ (TQQQ).
GPGOX is managed by Grandeur Peak Funds. It was launched on Oct 16, 2011. 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: GPGOX or TQQQ.
Correlation
The correlation between GPGOX and TQQQ is 0.69, 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.
Performance
GPGOX vs. TQQQ - Performance Comparison
Key characteristics
GPGOX:
-0.18
TQQQ:
1.11
GPGOX:
-0.16
TQQQ:
1.61
GPGOX:
0.98
TQQQ:
1.21
GPGOX:
-0.05
TQQQ:
1.42
GPGOX:
-0.41
TQQQ:
4.60
GPGOX:
5.56%
TQQQ:
13.17%
GPGOX:
12.96%
TQQQ:
54.51%
GPGOX:
-52.84%
TQQQ:
-81.66%
GPGOX:
-43.69%
TQQQ:
-3.39%
Returns By Period
In the year-to-date period, GPGOX achieves a 3.01% return, which is significantly lower than TQQQ's 13.52% return. Over the past 10 years, GPGOX has underperformed TQQQ with an annualized return of 0.65%, while TQQQ has yielded a comparatively higher 35.38% annualized return.
GPGOX
3.01%
3.32%
-1.73%
-4.97%
-1.14%
0.65%
TQQQ
13.52%
8.05%
31.73%
58.67%
26.65%
35.38%
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GPGOX vs. TQQQ - Expense Ratio Comparison
GPGOX has a 1.54% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
GPGOX vs. TQQQ — Risk-Adjusted Performance Rank
GPGOX
TQQQ
GPGOX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Opportunities Fund (GPGOX) 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
GPGOX vs. TQQQ - Dividend Comparison
GPGOX's dividend yield for the trailing twelve months is around 1.11%, which matches TQQQ's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPGOX Grandeur Peak Global Opportunities Fund | 1.11% | 1.14% | 0.43% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.22% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
GPGOX vs. TQQQ - Drawdown Comparison
The maximum GPGOX drawdown since its inception was -52.84%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GPGOX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
GPGOX vs. TQQQ - Volatility Comparison
The current volatility for Grandeur Peak Global Opportunities Fund (GPGOX) is 3.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.10%. This indicates that GPGOX 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.