IYY vs. TQQQ
Compare and contrast key facts about iShares Dow Jones U.S. ETF (IYY) and ProShares UltraPro QQQ (TQQQ).
IYY and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Index. It was launched on Jun 12, 2000. 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 IYY 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: IYY or TQQQ.
Correlation
The correlation between IYY and TQQQ is 0.90, 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
IYY vs. TQQQ - Performance Comparison
Key characteristics
IYY:
1.84
TQQQ:
1.23
IYY:
2.47
TQQQ:
1.72
IYY:
1.34
TQQQ:
1.23
IYY:
2.76
TQQQ:
1.40
IYY:
11.98
TQQQ:
5.25
IYY:
1.97%
TQQQ:
12.54%
IYY:
12.80%
TQQQ:
53.39%
IYY:
-55.17%
TQQQ:
-81.66%
IYY:
-4.30%
TQQQ:
-12.01%
Returns By Period
In the year-to-date period, IYY achieves a 23.47% return, which is significantly lower than TQQQ's 63.64% return. Over the past 10 years, IYY has underperformed TQQQ with an annualized return of 12.37%, while TQQQ has yielded a comparatively higher 35.21% annualized return.
IYY
23.47%
-1.14%
8.15%
25.54%
13.85%
12.37%
TQQQ
63.64%
8.34%
7.50%
63.33%
31.98%
35.21%
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IYY vs. TQQQ - Expense Ratio Comparison
IYY has a 0.20% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
IYY vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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
IYY vs. TQQQ - Dividend Comparison
IYY's dividend yield for the trailing twelve months is around 0.75%, less than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYY iShares Dow Jones U.S. ETF | 0.75% | 1.29% | 1.49% | 1.04% | 1.31% | 1.80% | 1.97% | 1.62% | 1.81% | 1.97% | 1.66% | 1.63% |
TQQQ ProShares UltraPro QQQ | 0.89% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
IYY vs. TQQQ - Drawdown Comparison
The maximum IYY drawdown since its inception was -55.17%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for IYY and TQQQ. For additional features, visit the drawdowns tool.
Volatility
IYY vs. TQQQ - Volatility Comparison
The current volatility for iShares Dow Jones U.S. ETF (IYY) is 3.93%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.83%. This indicates that IYY 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.