NDAQ vs. TQQQ
Compare and contrast key facts about Nasdaq, Inc. (NDAQ) 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDAQ or TQQQ.
Performance
NDAQ vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, NDAQ achieves a 36.97% return, which is significantly lower than TQQQ's 48.06% return. Over the past 10 years, NDAQ has underperformed TQQQ with an annualized return of 20.33%, while TQQQ has yielded a comparatively higher 34.14% annualized return.
NDAQ
36.97%
6.78%
26.42%
49.33%
19.72%
20.33%
TQQQ
48.06%
1.57%
18.83%
74.81%
32.55%
34.14%
Key characteristics
| NDAQ | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.64 | 1.45 |
| Sortino Ratio | 3.63 | 1.92 |
| Omega Ratio | 1.48 | 1.26 |
| Calmar Ratio | 2.23 | 1.47 |
| Martin Ratio | 15.69 | 6.04 |
| Ulcer Index | 3.18% | 12.43% |
| Daily Std Dev | 18.94% | 51.88% |
| Max Drawdown | -68.48% | -81.66% |
| Current Drawdown | -1.39% | -13.36% |
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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.
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.
Dividends
NDAQ vs. TQQQ - Dividend Comparison
NDAQ's dividend yield for the trailing twelve months is around 1.17%, less than TQQQ's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | 1.17% | 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 | 1.28% | 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.
Volatility
NDAQ vs. TQQQ - Volatility Comparison
The current volatility for Nasdaq, Inc. (NDAQ) is 5.37%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. 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.