IGN vs. TQQQ
Compare and contrast key facts about iShares North American Tech-Multimedia Networking ETF (IGN) and ProShares UltraPro QQQ (TQQQ).
IGN and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGN is a passively managed fund by iShares that tracks the performance of the S&P North American Technology-Multimedia Networking Index. It was launched on Jul 10, 2001. 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 IGN 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: IGN or TQQQ.
Performance
IGN vs. TQQQ - Performance Comparison
Returns By Period
IGN
N/A
N/A
N/A
N/A
N/A
N/A
TQQQ
48.06%
1.57%
18.83%
74.81%
32.55%
34.14%
Key characteristics
| IGN | TQQQ |
|---|
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IGN vs. TQQQ - Expense Ratio Comparison
IGN has a 0.46% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Correlation
The correlation between IGN and TQQQ is 0.71, 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.
Risk-Adjusted Performance
IGN vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Tech-Multimedia Networking ETF (IGN) 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
IGN vs. TQQQ - Dividend Comparison
IGN has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGN iShares North American Tech-Multimedia Networking ETF | 0.83% | 0.37% | 0.30% | 0.22% | 0.60% | 0.42% | 0.65% | 0.57% | 0.75% | 0.72% | 0.50% | 0.38% |
TQQQ ProShares UltraPro QQQ | 1.28% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
IGN vs. TQQQ - Drawdown Comparison
Volatility
IGN vs. TQQQ - Volatility Comparison
The current volatility for iShares North American Tech-Multimedia Networking ETF (IGN) is 0.00%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. This indicates that IGN 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.