JNVSX vs. TQQQ
Compare and contrast key facts about Jensen Quality Value Fund (JNVSX) and ProShares UltraPro QQQ (TQQQ).
JNVSX is managed by Jensen. It was launched on Mar 31, 2010. 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: JNVSX or TQQQ.
Correlation
The correlation between JNVSX and TQQQ is 0.74, 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
JNVSX vs. TQQQ - Performance Comparison
Key characteristics
JNVSX:
0.34
TQQQ:
1.06
JNVSX:
0.53
TQQQ:
1.56
JNVSX:
1.07
TQQQ:
1.21
JNVSX:
0.38
TQQQ:
1.35
JNVSX:
0.94
TQQQ:
4.39
JNVSX:
4.86%
TQQQ:
13.17%
JNVSX:
13.31%
TQQQ:
54.39%
JNVSX:
-38.26%
TQQQ:
-81.66%
JNVSX:
-8.66%
TQQQ:
-3.96%
Returns By Period
In the year-to-date period, JNVSX achieves a 2.02% return, which is significantly lower than TQQQ's 12.85% return. Over the past 10 years, JNVSX has underperformed TQQQ with an annualized return of 4.13%, while TQQQ has yielded a comparatively higher 34.97% annualized return.
JNVSX
2.02%
-0.98%
-3.75%
4.55%
7.95%
4.13%
TQQQ
12.85%
5.66%
31.45%
63.52%
28.01%
34.97%
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JNVSX vs. TQQQ - Expense Ratio Comparison
JNVSX has a 1.05% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
JNVSX vs. TQQQ — Risk-Adjusted Performance Rank
JNVSX
TQQQ
JNVSX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jensen Quality Value Fund (JNVSX) 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
JNVSX vs. TQQQ - Dividend Comparison
JNVSX's dividend yield for the trailing twelve months is around 0.30%, less than TQQQ's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNVSX Jensen Quality Value Fund | 0.30% | 0.30% | 0.56% | 0.25% | 0.23% | 0.44% | 0.57% | 0.94% | 0.71% | 1.35% | 1.10% | 0.61% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
JNVSX vs. TQQQ - Drawdown Comparison
The maximum JNVSX drawdown since its inception was -38.26%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for JNVSX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
JNVSX vs. TQQQ - Volatility Comparison
The current volatility for Jensen Quality Value Fund (JNVSX) is 2.57%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.22%. This indicates that JNVSX 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.