HXQ.TO vs. TQQQ
Compare and contrast key facts about Horizons NASDAQ-100 Index ETF (HXQ.TO) and ProShares UltraPro QQQ (TQQQ).
HXQ.TO and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016. 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 HXQ.TO 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: HXQ.TO or TQQQ.
Key characteristics
| HXQ.TO | TQQQ | |
|---|---|---|
| YTD Return | 18.70% | 32.04% |
| 1Y Return | 28.91% | 69.75% |
| 3Y Return (Ann) | 11.08% | -1.28% |
| 5Y Return (Ann) | 21.04% | 33.37% |
| Sharpe Ratio | 1.60 | 1.15 |
| Daily Std Dev | 16.62% | 52.85% |
| Max Drawdown | -31.60% | -81.66% |
| Current Drawdown | -6.16% | -22.73% |
Correlation
The correlation between HXQ.TO and TQQQ is 0.88, 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
HXQ.TO vs. TQQQ - Performance Comparison
In the year-to-date period, HXQ.TO achieves a 18.70% return, which is significantly lower than TQQQ's 32.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HXQ.TO vs. TQQQ - Expense Ratio Comparison
HXQ.TO has a 0.25% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HXQ.TO vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.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.
Dividends
HXQ.TO vs. TQQQ - Dividend Comparison
HXQ.TO has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.29% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
HXQ.TO vs. TQQQ - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HXQ.TO vs. TQQQ - Volatility Comparison
The current volatility for Horizons NASDAQ-100 Index ETF (HXQ.TO) is 6.07%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 18.26%. This indicates that HXQ.TO 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.