NGT.TO vs. TQQQ
Compare and contrast key facts about Newmont Corporation (NGT.TO) 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: NGT.TO or TQQQ.
Key characteristics
| NGT.TO | TQQQ | |
|---|---|---|
| YTD Return | 8.93% | 64.66% |
| 1Y Return | 27.56% | 105.67% |
| 3Y Return (Ann) | -4.67% | 1.05% |
| 5Y Return (Ann) | 6.08% | 35.97% |
| Sharpe Ratio | 0.80 | 2.30 |
| Sortino Ratio | 1.25 | 2.61 |
| Omega Ratio | 1.18 | 1.35 |
| Calmar Ratio | 0.47 | 2.23 |
| Martin Ratio | 2.74 | 9.63 |
| Ulcer Index | 10.39% | 12.40% |
| Daily Std Dev | 35.80% | 51.72% |
| Max Drawdown | -60.38% | -81.66% |
| Current Drawdown | -41.47% | -3.64% |
Correlation
The correlation between NGT.TO and TQQQ is 0.18, 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
NGT.TO vs. TQQQ - Performance Comparison
In the year-to-date period, NGT.TO achieves a 8.93% return, which is significantly lower than TQQQ's 64.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NGT.TO vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NGT.TO) 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
NGT.TO vs. TQQQ - Dividend Comparison
NGT.TO's dividend yield for the trailing twelve months is around 1.95%, more than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NGT.TO Newmont Corporation | 1.95% | 2.92% | 3.45% | 2.80% | 1.37% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
NGT.TO vs. TQQQ - Drawdown Comparison
The maximum NGT.TO drawdown since its inception was -60.38%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NGT.TO and TQQQ. For additional features, visit the drawdowns tool.
Volatility
NGT.TO vs. TQQQ - Volatility Comparison
Newmont Corporation (NGT.TO) has a higher volatility of 18.36% compared to ProShares UltraPro QQQ (TQQQ) at 15.48%. This indicates that NGT.TO's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.