NL vs. TQQQ
NL (NL Industries, Inc.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, NL returned 10.63%/yr vs 45.33%/yr for TQQQ. At a 0.32 correlation, their price movements are largely independent.
Performance
NL vs. TQQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NL achieves a 11.33% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, NL has underperformed TQQQ with an annualized return of 10.63%, while TQQQ has yielded a comparatively higher 45.33% annualized return.
NL
- 1D
- 1.35%
- 1M
- 1.53%
- YTD
- 11.33%
- 6M
- 9.13%
- 1Y
- -8.03%
- 3Y*
- 9.24%
- 5Y*
- 3.38%
- 10Y*
- 10.63%
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
NL vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NL NL Industries, Inc. | 11.33% | -22.99% | 54.90% | -13.51% | -1.26% | 60.39% | 27.43% | 11.40% | -75.37% | 74.85% |
TQQQ ProShares UltraPro QQQ | 64.46% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between NL and TQQQ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NL vs. TQQQ — Risk / Return Rank
NL
TQQQ
NL vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NL Industries, Inc. (NL) 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.
| NL | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.40 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 3.75 | -3.99 |
| Martin ratioReturn relative to average drawdown | -0.54 | 12.27 | -12.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NL | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 2.92 | -3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.43 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.69 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.74 | -0.67 |
Drawdowns
NL vs. TQQQ - Drawdown Comparison
The maximum NL drawdown since its inception was -89.08%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NL and TQQQ.
Loading charts...
Drawdown Indicators
| NL | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -81.66% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -33.22% | -36.97% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -38.90% | -58.04% | +19.14% |
Max Drawdown (5Y)Largest decline over 5 years | -52.49% | -81.66% | +29.17% |
Max Drawdown (10Y)Largest decline over 10 years | -84.70% | -81.66% | -3.04% |
Current DrawdownCurrent decline from peak | -48.70% | -0.76% | -47.94% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -18.52% | -25.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.80% | 11.28% | +3.52% |
Volatility
NL vs. TQQQ - Volatility Comparison
NL Industries, Inc. (NL) has a higher volatility of 36.18% compared to ProShares UltraPro QQQ (TQQQ) at 13.29%. This indicates that NL'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.
Loading charts...
Volatility by Period
| NL | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.18% | 13.29% | +22.89% |
Volatility (6M)Calculated over the trailing 6-month period | 45.59% | 36.04% | +9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.29% | 47.60% | +8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.84% | 66.53% | -17.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.80% | 65.96% | -2.16% |
Dividends
NL vs. TQQQ - Dividend Comparison
NL's dividend yield for the trailing twelve months is around 9.68%, more than TQQQ's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NL NL Industries, Inc. | 9.68% | 10.42% | 9.65% | 4.99% | 9.25% | 3.24% | 3.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.36% | 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
NL and TQQQ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NL has higher volatility (36.18%) compared to TQQQ (13.29%). In terms of maximum drawdown, NL dropped -89.08% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (2.92 vs -0.14), 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.
Find the right allocation for NL and TQQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer