NN vs. TQQQ
NN (NextNav Inc.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 3 years, NN returned 78.34%/yr vs 58.02%/yr for TQQQ. At a 0.27 correlation, their price movements are largely independent.
Performance
NN vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, NN achieves a 2.94% return, which is significantly lower than TQQQ's 41.43% return.
NN
- 1D
- 3.69%
- 1M
- -21.21%
- YTD
- 2.94%
- 6M
- -0.35%
- 1Y
- 17.09%
- 3Y*
- 78.34%
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- -9.86%
- 1M
- -4.37%
- YTD
- 41.43%
- 6M
- 35.75%
- 1Y
- 100.69%
- 3Y*
- 58.02%
- 5Y*
- 21.47%
- 10Y*
- 45.48%
NN vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NN NextNav Inc. | 2.94% | 6.94% | 249.66% | 51.88% | -66.55% | -19.49% |
TQQQ ProShares UltraPro QQQ | 41.43% | 34.35% | 58.27% | 198.04% | -79.09% | 12.35% |
Correlation
The correlation between NN and TQQQ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.27 |
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Return for Risk
NN vs. TQQQ — Risk / Return Rank
NN
TQQQ
NN vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextNav Inc. (NN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NN | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 2.74 | -2.27 |
| Martin ratioReturn relative to average drawdown | 1.09 | 8.72 | -7.62 |
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Drawdowns
NN vs. TQQQ - Drawdown Comparison
The maximum NN drawdown since its inception was -86.54%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NN and TQQQ.
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Drawdown Indicators
| NN | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.54% | -81.66% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -36.97% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -47.78% | -58.04% | +10.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -27.38% | -14.65% | -12.73% |
Average DrawdownAverage peak-to-trough decline | -45.54% | -18.49% | -27.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.68% | 11.59% | +4.09% |
Volatility
NN vs. TQQQ - Volatility Comparison
NextNav Inc. (NN) and ProShares UltraPro QQQ (TQQQ) have volatilities of 26.23% and 27.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NN | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.23% | 27.27% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 62.43% | 43.35% | +19.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.96% | 53.39% | +18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.06% | 67.41% | +9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.06% | 66.32% | +10.74% |
Dividends
NN vs. TQQQ - Dividend Comparison
NN has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NN NextNav Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.42% | 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
NN and TQQQ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (27.27%) compared to NN (26.23%). In terms of maximum drawdown, NN dropped -86.54% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (1.90 vs 0.24), 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.
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