IPX vs. TQQQ
Compare and contrast key facts about IperionX Limited American Depositary Share (IPX) and ProShares UltraPro QQQ (TQQQ).
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: IPX or TQQQ.
Correlation
The correlation between IPX and TQQQ is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IPX vs. TQQQ - Performance Comparison
Key characteristics
IPX:
0.62
TQQQ:
-0.24
IPX:
1.31
TQQQ:
0.13
IPX:
1.17
TQQQ:
1.02
IPX:
0.62
TQQQ:
-0.31
IPX:
1.76
TQQQ:
-0.93
IPX:
23.31%
TQQQ:
19.28%
IPX:
66.86%
TQQQ:
73.79%
IPX:
-65.86%
TQQQ:
-81.66%
IPX:
-48.03%
TQQQ:
-51.29%
Returns By Period
The year-to-date returns for both stocks are quite close, with IPX having a -42.56% return and TQQQ slightly lower at -42.76%.
IPX
-42.56%
-1.74%
-14.90%
40.39%
N/A
N/A
TQQQ
-42.76%
-27.23%
-39.12%
-13.24%
23.05%
26.31%
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Risk-Adjusted Performance
IPX vs. TQQQ — Risk-Adjusted Performance Rank
IPX
TQQQ
IPX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IperionX Limited American Depositary Share (IPX) 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
IPX vs. TQQQ - Dividend Comparison
IPX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 2.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPX IperionX Limited American Depositary Share | 0.00% | 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 | 2.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
IPX vs. TQQQ - Drawdown Comparison
The maximum IPX drawdown since its inception was -65.86%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for IPX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
IPX vs. TQQQ - Volatility Comparison
The current volatility for IperionX Limited American Depositary Share (IPX) is 27.90%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. This indicates that IPX 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.