HESGX vs. TQQQ
Compare and contrast key facts about Horizon ESG Defensive Core Fund (HESGX) and ProShares UltraPro QQQ (TQQQ).
HESGX is managed by Horizon Investments. It was launched on Dec 27, 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: HESGX or TQQQ.
Key characteristics
| HESGX | TQQQ | |
|---|---|---|
| YTD Return | 9.95% | 17.90% |
| 1Y Return | 29.22% | 110.37% |
| 3Y Return (Ann) | 8.01% | 8.43% |
| Sharpe Ratio | 2.35 | 2.23 |
| Daily Std Dev | 12.43% | 48.50% |
| Max Drawdown | -24.43% | -81.66% |
| Current Drawdown | -1.48% | -31.01% |
Correlation
The correlation between HESGX and TQQQ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HESGX vs. TQQQ - Performance Comparison
In the year-to-date period, HESGX achieves a 9.95% return, which is significantly lower than TQQQ's 17.90% 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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HESGX vs. TQQQ - Expense Ratio Comparison
HESGX has a 1.02% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HESGX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon ESG Defensive Core Fund (HESGX) 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
HESGX vs. TQQQ - Dividend Comparison
HESGX's dividend yield for the trailing twelve months is around 0.55%, less than TQQQ's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HESGX Horizon ESG Defensive Core Fund | 0.55% | 0.61% | 0.52% | 2.51% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.18% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
HESGX vs. TQQQ - Drawdown Comparison
The maximum HESGX drawdown since its inception was -24.43%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HESGX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HESGX vs. TQQQ - Volatility Comparison
The current volatility for Horizon ESG Defensive Core Fund (HESGX) is 3.90%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.72%. This indicates that HESGX 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.