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NDAQ vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NDAQ and TQQQ is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

NDAQ vs. TQQQ - Performance Comparison

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

0.00%5,000.00%10,000.00%15,000.00%20,000.00%JulyAugustSeptemberOctoberNovemberDecember
1,507.86%
19,782.66%
NDAQ
TQQQ

Key characteristics

Sharpe Ratio

NDAQ:

2.31

TQQQ:

1.37

Sortino Ratio

NDAQ:

3.21

TQQQ:

1.84

Omega Ratio

NDAQ:

1.41

TQQQ:

1.25

Calmar Ratio

NDAQ:

2.22

TQQQ:

1.55

Martin Ratio

NDAQ:

13.10

TQQQ:

5.79

Ulcer Index

NDAQ:

3.27%

TQQQ:

12.58%

Daily Std Dev

NDAQ:

18.58%

TQQQ:

53.25%

Max Drawdown

NDAQ:

-68.48%

TQQQ:

-81.66%

Current Drawdown

NDAQ:

-6.16%

TQQQ:

-11.00%

Returns By Period

In the year-to-date period, NDAQ achieves a 35.53% return, which is significantly lower than TQQQ's 65.52% return. Over the past 10 years, NDAQ has underperformed TQQQ with an annualized return of 18.84%, while TQQQ has yielded a comparatively higher 35.36% annualized return.


NDAQ

YTD

35.53%

1M

-2.68%

6M

29.77%

1Y

40.48%

5Y*

18.45%

10Y*

18.84%

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

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Risk-Adjusted Performance

NDAQ vs. TQQQ - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for NDAQ, currently valued at 2.31, compared to the broader market-4.00-2.000.002.002.311.37
The chart of Sortino ratio for NDAQ, currently valued at 3.21, compared to the broader market-4.00-2.000.002.004.003.211.84
The chart of Omega ratio for NDAQ, currently valued at 1.41, compared to the broader market0.501.001.502.001.411.25
The chart of Calmar ratio for NDAQ, currently valued at 2.22, compared to the broader market0.002.004.006.002.221.55
The chart of Martin ratio for NDAQ, currently valued at 13.10, compared to the broader market-5.000.005.0010.0015.0020.0025.0013.105.79
NDAQ
TQQQ

The current NDAQ Sharpe Ratio is 2.31, which is higher than the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of NDAQ and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
2.31
1.37
NDAQ
TQQQ

Dividends

NDAQ vs. TQQQ - Dividend Comparison

NDAQ's dividend yield for the trailing twelve months is around 1.21%, more than TQQQ's 0.88% yield.


TTM20232022202120202019201820172016201520142013
NDAQ
Nasdaq, Inc.
1.21%1.48%1.27%1.00%1.46%1.73%2.08%1.90%1.80%1.55%1.21%1.31%
TQQQ
ProShares UltraPro QQQ
0.88%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%0.00%

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. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.16%
-11.00%
NDAQ
TQQQ

Volatility

NDAQ vs. TQQQ - Volatility Comparison

The current volatility for Nasdaq, Inc. (NDAQ) is 4.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.08%. 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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
4.82%
16.08%
NDAQ
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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