HPS-A.TO vs. TQQQ

Last updated Jul 21, 2026

HPS-A.TO (Hammond Power Solutions Inc) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, HPS-A.TO returned 48.02%/yr vs 41.56%/yr for TQQQ. At a 0.17 correlation, their price movements are largely independent.

Performance

HPS-A.TO vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hammond Power Solutions Inc (HPS-A.TO) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HPS-A.TO is traded in CAD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HPS-A.TO achieves a 77.29% return, which is significantly higher than TQQQ's 31.88% return. Over the past 10 years, HPS-A.TO has outperformed TQQQ with an annualized return of 48.02%, while TQQQ has yielded a comparatively lower 41.56% annualized return.

HPS-A.TO

• 1D: 1.14%
• 1M: -19.49%
• 6M: 78.36%
• YTD: 77.29%
• 1Y: 124.93%
• 3Y*: 77.79%
• 5Y*: 97.79%
• 10Y*: 48.02%
• ALL TIME*: 26.55%

TQQQ

• 1D: 0.05%
• 1M: -18.65%
• 6M: 26.63%
• YTD: 31.88%
• 1Y: 60.21%
• 3Y*: 51.68%
• 5Y*: 19.39%
• 10Y*: 41.56%
• ALL TIME*: 45.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HPS-A.TO vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HPS-A.TO Hammond Power Solutions Inc	77.29%	25.75%	58.01%	310.59%	71.98%	46.22%	16.10%	39.86%	-35.72%	56.06%
TQQQ ProShares UltraPro QQQ	31.88%	28.22%	71.67%	190.95%	-77.77%	82.89%	105.07%	124.20%	-13.04%	103.30%

Correlation

The correlation between HPS-A.TO and TQQQ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.17

Over the past year, HPS-A.TO and TQQQ have become more correlated (0.41) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

HPS-A.TO vs. TQQQ — Risk / Return Rank

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

HPS-A.TO

HPS-A.TO Risk / Return Rank: 89
HPS-A.TO Sharpe Ratio Rank: 90
HPS-A.TO Sortino Ratio Rank: 86
HPS-A.TO Omega Ratio Rank: 88
HPS-A.TO Calmar Ratio Rank: 93
HPS-A.TO Martin Ratio Rank: 89

TQQQ

TQQQ Risk / Return Rank: 38
TQQQ Sharpe Ratio Rank: 37
TQQQ Sortino Ratio Rank: 38
TQQQ Omega Ratio Rank: 38
TQQQ Calmar Ratio Rank: 39
TQQQ Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HPS-A.TO vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hammond Power Solutions Inc (HPS-A.TO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HPS-A.TO	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.09	+0.76
Sortino ratio: Return per unit of downside risk	2.42	1.62	+0.81
Omega ratio: Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio: Return relative to maximum drawdown	4.47	1.63	+2.84
Martin ratio: Return relative to average drawdown	8.86	4.79	+4.07

HPS-A.TO vs. TQQQ - Sharpe Ratio Comparison

The current HPS-A.TO Sharpe Ratio is 1.85, which is higher than the TQQQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of HPS-A.TO and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HPS-A.TO vs. TQQQ - Drawdown Comparison

The maximum HPS-A.TO drawdown since its inception was -64.07%, smaller than the maximum TQQQ drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for HPS-A.TO and TQQQ.

Drawdown Indicators

	HPS-A.TO	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-80.32%	+16.25%
Max Drawdown (1Y) Largest decline over 1 year	-28.14%	-37.15%	+9.01%
Max Drawdown (3Y) Largest decline over 3 years	-54.28%	-58.00%	+3.72%
Max Drawdown (5Y) Largest decline over 5 years	-54.28%	-80.32%	+26.04%
Max Drawdown (10Y) Largest decline over 10 years	-54.28%	-80.32%	+26.04%
Current Drawdown Current decline from peak	-21.61%	-21.25%	-0.36%
Average Drawdown Average peak-to-trough decline	-32.28%	-17.72%	-14.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.15%	12.60%	+1.55%

Volatility

HPS-A.TO vs. TQQQ - Volatility Comparison

Hammond Power Solutions Inc (HPS-A.TO) and ProShares UltraPro QQQ (TQQQ) have volatilities of 21.78% and 22.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPS-A.TO	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.78%	22.27%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	49.50%	46.32%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	68.04%	55.70%	+12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.91%	67.87%	-15.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.55%	66.70%	-23.15%

Dividends

HPS-A.TO vs. TQQQ - Dividend Comparison

HPS-A.TO's dividend yield for the trailing twelve months is around 0.39%, less than TQQQ's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HPS-A.TO Hammond Power Solutions Inc	0.39%	0.69%	0.76%	0.67%	1.91%	2.84%	4.01%	3.65%	4.21%	2.62%	3.96%	3.77%
TQQQ ProShares UltraPro QQQ	0.56%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both HPS-A.TO and TQQQ in my portfolio?

HPS-A.TO and TQQQ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.