HDLB vs. TQQQ
Compare and contrast key facts about ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and ProShares UltraPro QQQ (TQQQ).
HDLB and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 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. Both HDLB and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDLB or TQQQ.
Key characteristics
| HDLB | TQQQ | |
|---|---|---|
| YTD Return | 5.63% | 17.13% |
| 1Y Return | 18.99% | 106.83% |
| 3Y Return (Ann) | 0.43% | 8.33% |
| Sharpe Ratio | 0.54 | 2.24 |
| Daily Std Dev | 32.20% | 48.42% |
| Max Drawdown | -78.70% | -81.66% |
| Current Drawdown | -29.67% | -31.46% |
Correlation
The correlation between HDLB and TQQQ is 0.38, 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
HDLB vs. TQQQ - Performance Comparison
In the year-to-date period, HDLB achieves a 5.63% return, which is significantly lower than TQQQ's 17.13% 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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HDLB vs. TQQQ - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HDLB vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) 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
HDLB vs. TQQQ - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 11.44%, more than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 11.44% | 12.36% | 12.27% | 8.08% | 16.23% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
HDLB vs. TQQQ - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HDLB and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HDLB vs. TQQQ - Volatility Comparison
The current volatility for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is 7.62%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.48%. This indicates that HDLB 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.