HDRO vs. TQQQ
Compare and contrast key facts about Defiance Next Gen H2 ETF (HDRO) and ProShares UltraPro QQQ (TQQQ).
HDRO and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDRO is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Hydrogen & NextGen Fuel Cell Index. It was launched on Mar 9, 2021. 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 HDRO 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: HDRO or TQQQ.
Key characteristics
| HDRO | TQQQ | |
|---|---|---|
| YTD Return | -40.27% | 59.60% |
| 1Y Return | -37.54% | 88.74% |
| 3Y Return (Ann) | -46.60% | 0.01% |
| Sharpe Ratio | -1.05 | 1.74 |
| Sortino Ratio | -1.53 | 2.17 |
| Omega Ratio | 0.83 | 1.29 |
| Calmar Ratio | -0.42 | 1.75 |
| Martin Ratio | -1.60 | 7.20 |
| Ulcer Index | 23.02% | 12.41% |
| Daily Std Dev | 34.92% | 51.33% |
| Max Drawdown | -86.99% | -81.66% |
| Current Drawdown | -86.94% | -6.61% |
Correlation
The correlation between HDRO and TQQQ is 0.58, 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
HDRO vs. TQQQ - Performance Comparison
In the year-to-date period, HDRO achieves a -40.27% return, which is significantly lower than TQQQ's 59.60% 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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HDRO vs. TQQQ - Expense Ratio Comparison
HDRO has a 0.30% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HDRO vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Next Gen H2 ETF (HDRO) 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
HDRO vs. TQQQ - Dividend Comparison
HDRO's dividend yield for the trailing twelve months is around 0.04%, less than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDRO Defiance Next Gen H2 ETF | 0.04% | 0.03% | 0.00% | 0.03% | 0.00% | 0.00% | 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
HDRO vs. TQQQ - Drawdown Comparison
The maximum HDRO drawdown since its inception was -86.99%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HDRO and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HDRO vs. TQQQ - Volatility Comparison
The current volatility for Defiance Next Gen H2 ETF (HDRO) is 13.13%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. This indicates that HDRO 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.