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JBH.AX vs. TQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JBH.AX vs. TQQQ

Last updated Apr 4, 2026

Compare and contrast key facts about JB Hi-Fi Limited (JBH.AX) 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.

Performance

JBH.AX vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in JB Hi-Fi Limited (JBH.AX) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JBH.AX is traded in AUD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JBH.AX achieves a -23.20% return, which is significantly lower than TQQQ's -20.44% return. Over the past 10 years, JBH.AX has underperformed TQQQ with an annualized return of 18.06%, while TQQQ has yielded a comparatively higher 36.83% annualized return.

JBH.AX

1D
-1.84%
1M
-7.15%
YTD
-23.20%
6M
-38.02%
1Y
-20.17%
3Y*
23.93%
5Y*
13.04%
10Y*
18.06%

TQQQ

1D
0.55%
1M
-11.50%
YTD
-20.44%
6M
-20.62%
1Y
58.96%
3Y*
46.47%
5Y*
15.85%
10Y*
36.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JBH.AX vs. TQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JBH.AX
JB Hi-Fi Limited		-23.20%7.51%83.49%35.49%-7.18%5.66%34.53%79.82%-6.73%-6.96%
TQQQ
ProShares UltraPro QQQ		-20.44%24.60%74.19%198.27%-77.71%93.71%91.61%134.92%-11.19%101.45%

Correlation

The correlation between JBH.AX and TQQQ is 0.05, meaning there is essentially no relationship between their price movements. They neither move together nor in opposition — each responds to its own set of market drivers. This independence makes them strong candidates for combining in a diversified portfolio.

Compare stocks, funds, or ETFs

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JB Hi-Fi Limited

ProShares UltraPro QQQ

Often compared with JBH.AX:
JBH.AX vs. UPRO
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. SPXLTQQQ vs. UPROTQQQ vs. TECL

Return for Risk

JBH.AX vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JBH.AX
JBH.AX Risk / Return Rank: 1515
Overall Rank
JBH.AX Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
JBH.AX Sortino Ratio Rank: 1212
Sortino Ratio Rank
JBH.AX Omega Ratio Rank: 1313
Omega Ratio Rank
JBH.AX Calmar Ratio Rank: 2222
Calmar Ratio Rank
JBH.AX Martin Ratio Rank: 1818
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 4040
Overall Rank
TQQQ Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 4747
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 4646
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 3939
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 3333
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JBH.AX vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JB Hi-Fi Limited (JBH.AX) 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.

JBH.AXTQQQDifference

Sharpe ratio

Return per unit of total volatility

-0.72

0.51

-1.23

Sortino ratio

Return per unit of downside risk

-0.93

1.13

-2.06

Omega ratio

Gain probability vs. loss probability

0.89

1.16

-0.27

Calmar ratio

Return relative to maximum drawdown

-0.52

0.89

-1.41

Martin ratio

Return relative to average drawdown

-1.13

2.52

-3.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBH.AX vs. TQQQ - Sharpe Ratio Comparison

The current JBH.AX Sharpe Ratio is -0.72, which is lower than the TQQQ Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of JBH.AX and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JBH.AXTQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.72

0.51

-1.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.26

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.59

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.73

-0.06

Drawdowns

JBH.AX vs. TQQQ - Drawdown Comparison

The maximum JBH.AX drawdown since its inception was -62.19%, smaller than the maximum TQQQ drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for JBH.AX and TQQQ.

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Drawdown Indicators

JBH.AXTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-62.19%

-81.66%

+19.47%

Max Drawdown (1Y)

Largest decline over 1 year

-38.72%

-36.97%

-1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-38.72%

-81.66%

+42.94%

Max Drawdown (10Y)

Largest decline over 10 years

-46.16%

-81.66%

+35.50%

Current Drawdown

Current decline from peak

-38.42%

-27.92%

-10.50%

Average Drawdown

Average peak-to-trough decline

-14.63%

-18.67%

+4.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.84%

12.26%

+5.58%

Volatility

JBH.AX vs. TQQQ - Volatility Comparison

The current volatility for JB Hi-Fi Limited (JBH.AX) is 8.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.24%. This indicates that JBH.AX 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.

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Volatility by Period

JBH.AXTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.42%

17.24%

-8.82%

Volatility (6M)

Calculated over the trailing 6-month period

20.50%

35.28%

-14.78%

Volatility (1Y)

Calculated over the trailing 1-year period

28.48%

62.84%

-34.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.22%

62.19%

-35.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.97%

62.53%

-33.56%

Dividends

JBH.AX vs. TQQQ - Dividend Comparison

JBH.AX's dividend yield for the trailing twelve months is around 5.76%, more than TQQQ's 0.73% yield.

TTM20252024202320222021202020192018201720162015
JBH.AX
JB Hi-Fi Limited		5.76%3.90%3.68%5.88%7.53%5.94%3.89%3.77%5.96%4.73%3.52%4.61%
TQQQ
ProShares UltraPro QQQ		0.73%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%