NDQ.AX vs. TQQQ
Compare and contrast key facts about BetaShares NASDAQ 100 ETF (NDQ.AX) and ProShares UltraPro QQQ (TQQQ).
NDQ.AX and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDQ.AX is a passively managed fund by BetaShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jul 20, 2020. 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. Both NDQ.AX and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDQ.AX or TQQQ.
Correlation
The correlation between NDQ.AX and TQQQ is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NDQ.AX vs. TQQQ - Performance Comparison
Key characteristics
NDQ.AX:
1.83
TQQQ:
1.02
NDQ.AX:
2.39
TQQQ:
1.52
NDQ.AX:
1.32
TQQQ:
1.20
NDQ.AX:
2.86
TQQQ:
1.30
NDQ.AX:
9.29
TQQQ:
4.20
NDQ.AX:
3.33%
TQQQ:
13.17%
NDQ.AX:
16.93%
TQQQ:
54.43%
NDQ.AX:
-30.79%
TQQQ:
-81.66%
NDQ.AX:
-0.41%
TQQQ:
-2.78%
Returns By Period
In the year-to-date period, NDQ.AX achieves a 2.13% return, which is significantly lower than TQQQ's 14.24% return.
NDQ.AX
2.13%
1.05%
19.07%
29.26%
19.35%
N/A
TQQQ
14.24%
8.73%
26.68%
63.46%
28.35%
35.19%
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NDQ.AX vs. TQQQ - Expense Ratio Comparison
NDQ.AX has a 0.48% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
NDQ.AX vs. TQQQ — Risk-Adjusted Performance Rank
NDQ.AX
TQQQ
NDQ.AX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) 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
NDQ.AX vs. TQQQ - Dividend Comparison
NDQ.AX's dividend yield for the trailing twelve months is around 1.82%, more than TQQQ's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDQ.AX BetaShares NASDAQ 100 ETF | 1.82% | 1.86% | 2.17% | 3.36% | 3.33% | 2.47% | 2.22% | 0.52% | 0.45% | 0.43% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.11% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
NDQ.AX vs. TQQQ - Drawdown Comparison
The maximum NDQ.AX drawdown since its inception was -30.79%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
NDQ.AX vs. TQQQ - Volatility Comparison
The current volatility for BetaShares NASDAQ 100 ETF (NDQ.AX) is 4.63%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.14%. This indicates that NDQ.AX 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.