NDAQ vs. TQQQ
NDAQ (Nasdaq, Inc.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, NDAQ returned 16.62%/yr vs 39.46%/yr for TQQQ. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
NDAQ vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NDAQ achieves a -2.37% return, which is significantly lower than TQQQ's 23.06% return. Over the past 10 years, NDAQ has underperformed TQQQ with an annualized return of 16.62%, while TQQQ has yielded a comparatively higher 39.46% annualized return.
NDAQ
- 1D
- -1.02%
- 1M
- 11.26%
- 6M
- -2.13%
- YTD
- -2.37%
- 1Y
- 0.22%
- 3Y*
- 25.01%
- 5Y*
- 10.13%
- 10Y*
- 16.62%
- ALL TIME*
- 14.06%
TQQQ
- 1D
- 2.09%
- 1M
- -11.90%
- 6M
- 20.14%
- YTD
- 23.06%
- 1Y
- 56.87%
- 3Y*
- 43.81%
- 5Y*
- 15.36%
- 10Y*
- 39.46%
- ALL TIME*
- 42.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NDAQ Nasdaq, Inc. | $352.66M | $369.72M | $355.11M |
| $4.37B | $4.57B | $5.33B |
NDAQ vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | -2.37% | 27.19% | 34.85% | -3.66% | -11.19% | 60.13% | 25.99% | 33.88% | 8.21% | 16.76% |
TQQQ ProShares UltraPro QQQ | 23.06% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between NDAQ and TQQQ is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.53 |
Over the past year, the correlation between NDAQ and TQQQ has dropped to 0.19 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
NDAQ vs. TQQQ — Risk / Return Rank
NDAQ
TQQQ
NDAQ vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq, Inc. (NDAQ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NDAQ | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.29 | -1.33 |
| Martin ratioReturn relative to average drawdown | -0.08 | 3.60 | -3.68 |
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Drawdowns
NDAQ vs. TQQQ - Drawdown Comparison
The maximum NDAQ drawdown since its inception was -68.48%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NDAQ and TQQQ.
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Drawdown Indicators
| NDAQ | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -81.66% | +13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -23.39% | -36.97% | +13.58% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -58.04% | +34.65% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -81.66% | +48.82% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -81.66% | +43.35% |
Current DrawdownCurrent decline from peak | -6.09% | -25.74% | +19.65% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -18.49% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.74% | 13.24% | -2.50% |
Volatility
NDAQ vs. TQQQ - Volatility Comparison
The current volatility for Nasdaq, Inc. (NDAQ) is 8.83%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. This indicates that NDAQ 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
| NDAQ | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 20.41% | -11.58% |
Volatility (6M)Calculated over the trailing 6-month period | 24.30% | 47.79% | -23.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 57.62% | -30.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.64% | 68.04% | -43.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 66.57% | -41.98% |
Dividends
NDAQ vs. TQQQ - Dividend Comparison
NDAQ's dividend yield for the trailing twelve months is around 1.19%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | 1.19% | 1.08% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% |
TQQQ ProShares UltraPro QQQ | 0.58% | 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
NDAQ and TQQQ have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (20.41%) compared to NDAQ (8.83%). In terms of maximum drawdown, NDAQ dropped -68.48% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (0.83 vs -0.03), 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.
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