MTH vs. TQQQ

Last updated Jun 4, 2026

MTH (Meritage Homes Corporation) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, MTH returned 14.52%/yr vs 45.33%/yr for TQQQ. At a 0.43 correlation, their price movements are largely independent.

Performance

MTH vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meritage Homes Corporation (MTH) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTH achieves a 2.76% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, MTH has underperformed TQQQ with an annualized return of 14.52%, while TQQQ has yielded a comparatively higher 45.33% annualized return.

MTH

• 1D: -1.48%
• 1M: 6.44%
• YTD: 2.76%
• 6M: -8.87%
• 1Y: 7.17%
• 3Y*: 4.82%
• 5Y*: 6.39%
• 10Y*: 14.52%

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MTH vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTH Meritage Homes Corporation	2.76%	-12.32%	-10.16%	90.53%	-24.46%	47.38%	35.53%	66.42%	-28.28%	47.13%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between MTH and TQQQ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.43

The correlation between MTH and TQQQ shifts across timeframes, from 0.23 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MTH vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTH

MTH Risk / Return Rank: 45
MTH Sharpe Ratio Rank: 47
MTH Sortino Ratio Rank: 44
MTH Omega Ratio Rank: 42
MTH Calmar Ratio Rank: 47
MTH Martin Ratio Rank: 46

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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.

MTH vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meritage Homes Corporation (MTH) 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.

	MTH	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.19	2.92	-2.73
Sortino ratio: Return per unit of downside risk	0.60	3.09	-2.48
Omega ratio: Gain probability vs. loss probability	1.07	1.40	-0.34
Calmar ratio: Return relative to maximum drawdown	0.26	3.75	-3.49
Martin ratio: Return relative to average drawdown	0.50	12.27	-11.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTH vs. TQQQ - Sharpe Ratio Comparison

The current MTH Sharpe Ratio is 0.19, which is lower than the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of MTH 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.

Sharpe Ratios by Period

	MTH	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	2.92	-2.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.43	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.69	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.74	-0.56

Drawdowns

MTH vs. TQQQ - Drawdown Comparison

The maximum MTH drawdown since its inception was -93.22%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MTH and TQQQ.

Drawdown Indicators

	MTH	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.22%	-81.66%	-11.56%
Max Drawdown (1Y) Largest decline over 1 year	-27.68%	-36.97%	+9.29%
Max Drawdown (3Y) Largest decline over 3 years	-42.95%	-58.04%	+15.09%
Max Drawdown (5Y) Largest decline over 5 years	-46.77%	-81.66%	+34.89%
Max Drawdown (10Y) Largest decline over 10 years	-64.27%	-81.66%	+17.39%
Current Drawdown Current decline from peak	-34.85%	-0.76%	-34.09%
Average Drawdown Average peak-to-trough decline	-47.59%	-18.52%	-29.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	11.28%	+3.01%

Volatility

MTH vs. TQQQ - Volatility Comparison

The current volatility for Meritage Homes Corporation (MTH) is 10.51%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that MTH 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.

Volatility by Period

	MTH	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.51%	13.29%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	26.48%	36.04%	-9.56%
Volatility (1Y) Calculated over the trailing 1-year period	38.61%	47.60%	-8.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.71%	66.53%	-27.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.51%	65.96%	-23.45%

Dividends

MTH vs. TQQQ - Dividend Comparison

MTH's dividend yield for the trailing twelve months is around 2.64%, more than TQQQ's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTH Meritage Homes Corporation	2.64%	2.61%	1.95%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.36%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both MTH and TQQQ in my portfolio?

MTH and TQQQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTH or TQQQ?

TQQQ has higher volatility (13.29%) compared to MTH (10.51%). In terms of maximum drawdown, MTH dropped -93.22% vs TQQQ's -81.66%.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.