NQ=F vs. TQQQ
Compare and contrast key facts about E-Mini Nasdaq 100 Futures (NQ=F) 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: NQ=F or TQQQ.
Correlation
The correlation between NQ=F and TQQQ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NQ=F vs. TQQQ - Performance Comparison
Key characteristics
NQ=F:
0.40
TQQQ:
0.03
NQ=F:
0.58
TQQQ:
0.57
NQ=F:
1.08
TQQQ:
1.08
NQ=F:
0.31
TQQQ:
0.04
NQ=F:
0.99
TQQQ:
0.11
NQ=F:
7.07%
TQQQ:
21.70%
NQ=F:
24.80%
TQQQ:
74.54%
NQ=F:
-35.28%
TQQQ:
-81.66%
NQ=F:
-9.55%
TQQQ:
-36.24%
Returns By Period
In the year-to-date period, NQ=F achieves a -5.19% return, which is significantly higher than TQQQ's -25.08% return. Over the past 10 years, NQ=F has underperformed TQQQ with an annualized return of 16.11%, while TQQQ has yielded a comparatively higher 29.75% annualized return.
NQ=F
-5.19%
16.71%
-5.18%
10.66%
16.41%
16.11%
TQQQ
-25.08%
51.95%
-27.94%
2.48%
26.97%
29.75%
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Risk-Adjusted Performance
NQ=F vs. TQQQ — Risk-Adjusted Performance Rank
NQ=F
TQQQ
NQ=F vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) 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.
Drawdowns
NQ=F vs. TQQQ - Drawdown Comparison
The maximum NQ=F drawdown since its inception was -35.28%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NQ=F and TQQQ. For additional features, visit the drawdowns tool.
Volatility
NQ=F vs. TQQQ - Volatility Comparison
The current volatility for E-Mini Nasdaq 100 Futures (NQ=F) is 13.68%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 38.46%. This indicates that NQ=F 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.