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HDLB vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HDLB and TQQQ is 0.33, 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.


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Performance

HDLB vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%OctoberNovemberDecember2025FebruaryMarch
9.92%
340.43%
HDLB
TQQQ

Key characteristics

Sharpe Ratio

HDLB:

1.99

TQQQ:

0.28

Sortino Ratio

HDLB:

2.60

TQQQ:

0.74

Omega Ratio

HDLB:

1.33

TQQQ:

1.10

Calmar Ratio

HDLB:

1.41

TQQQ:

0.37

Martin Ratio

HDLB:

8.55

TQQQ:

1.15

Ulcer Index

HDLB:

5.80%

TQQQ:

13.63%

Daily Std Dev

HDLB:

24.91%

TQQQ:

55.47%

Max Drawdown

HDLB:

-78.70%

TQQQ:

-81.66%

Current Drawdown

HDLB:

-3.81%

TQQQ:

-22.55%

Returns By Period

In the year-to-date period, HDLB achieves a 15.77% return, which is significantly higher than TQQQ's -9.00% return.


HDLB

YTD

15.77%

1M

10.06%

6M

14.39%

1Y

48.32%

5Y*

5.83%

10Y*

N/A

TQQQ

YTD

-9.00%

1M

-10.79%

6M

17.25%

1Y

23.68%

5Y*

31.33%

10Y*

32.54%

*Annualized

Compare stocks, funds, or ETFs

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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.


Expense ratio chart for HDLB: current value at 1.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.65%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

HDLB vs. TQQQ — Risk-Adjusted Performance Rank

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

HDLB
The Risk-Adjusted Performance Rank of HDLB is 8282
Overall Rank
The Sharpe Ratio Rank of HDLB is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of HDLB is 8787
Sortino Ratio Rank
The Omega Ratio Rank of HDLB is 8686
Omega Ratio Rank
The Calmar Ratio Rank of HDLB is 6565
Calmar Ratio Rank
The Martin Ratio Rank of HDLB is 8181
Martin Ratio Rank

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 2525
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 2727
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 2828
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2828
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2323
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for HDLB, currently valued at 1.99, compared to the broader market0.002.004.001.990.28
The chart of Sortino ratio for HDLB, currently valued at 2.60, compared to the broader market-2.000.002.004.006.008.0010.0012.002.600.74
The chart of Omega ratio for HDLB, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.10
The chart of Calmar ratio for HDLB, currently valued at 1.41, compared to the broader market0.005.0010.0015.001.410.37
The chart of Martin ratio for HDLB, currently valued at 8.55, compared to the broader market0.0020.0040.0060.0080.00100.008.551.15
HDLB
TQQQ

The current HDLB Sharpe Ratio is 1.99, which is higher than the TQQQ Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of HDLB and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2025FebruaryMarch
1.99
0.28
HDLB
TQQQ

Dividends

HDLB vs. TQQQ - Dividend Comparison

HDLB's dividend yield for the trailing twelve months is around 8.95%, more than TQQQ's 1.39% yield.


TTM20242023202220212020201920182017201620152014
HDLB
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B
8.95%10.09%12.36%12.27%8.08%16.23%0.97%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.39%1.27%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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2025FebruaryMarch
-3.81%
-22.55%
HDLB
TQQQ

Volatility

HDLB vs. TQQQ - Volatility Comparison

The current volatility for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is 7.37%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.28%. 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.


5.00%10.00%15.00%20.00%OctoberNovemberDecember2025FebruaryMarch
7.37%
17.28%
HDLB
TQQQ