HYDR vs. TQQQ
Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and ProShares UltraPro QQQ (TQQQ).
HYDR and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDR is a passively managed fund by Global X that tracks the performance of the Solactive Global Hydrogen Index - Benchmark TR Net. It was launched on Jul 12, 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 HYDR 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: HYDR or TQQQ.
Key characteristics
| HYDR | TQQQ | |
|---|---|---|
| YTD Return | -40.09% | 59.60% |
| 1Y Return | -36.70% | 88.74% |
| 3Y Return (Ann) | -46.95% | 0.01% |
| Sharpe Ratio | -0.92 | 1.74 |
| Sortino Ratio | -1.30 | 2.17 |
| Omega Ratio | 0.86 | 1.29 |
| Calmar Ratio | -0.41 | 1.75 |
| Martin Ratio | -1.47 | 7.20 |
| Ulcer Index | 24.14% | 12.41% |
| Daily Std Dev | 38.54% | 51.33% |
| Max Drawdown | -85.83% | -81.66% |
| Current Drawdown | -85.70% | -6.61% |
Correlation
The correlation between HYDR and TQQQ is 0.56, 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
HYDR vs. TQQQ - Performance Comparison
In the year-to-date period, HYDR achieves a -40.09% 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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HYDR vs. TQQQ - Expense Ratio Comparison
HYDR has a 0.50% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HYDR vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) 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
HYDR vs. TQQQ - Dividend Comparison
HYDR has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% | 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
HYDR vs. TQQQ - Drawdown Comparison
The maximum HYDR drawdown since its inception was -85.83%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HYDR and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HYDR vs. TQQQ - Volatility Comparison
The current volatility for Global X Hydrogen ETF (HYDR) is 13.55%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. This indicates that HYDR 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.