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 0.98, 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:
1.47
TQQQ:
1.35
NQ=F:
2.02
TQQQ:
1.82
NQ=F:
1.28
TQQQ:
1.25
NQ=F:
1.88
TQQQ:
1.53
NQ=F:
6.35
TQQQ:
5.72
NQ=F:
4.14%
TQQQ:
12.59%
NQ=F:
17.77%
TQQQ:
53.33%
NQ=F:
-35.28%
TQQQ:
-81.66%
NQ=F:
-0.37%
TQQQ:
-8.52%
Returns By Period
In the year-to-date period, NQ=F achieves a 29.40% return, which is significantly lower than TQQQ's 70.13% return. Over the past 10 years, NQ=F has underperformed TQQQ with an annualized return of 17.50%, while TQQQ has yielded a comparatively higher 35.46% annualized return.
NQ=F
29.40%
5.65%
10.30%
29.73%
19.60%
17.50%
TQQQ
70.13%
9.06%
19.57%
71.31%
32.75%
35.46%
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Risk-Adjusted Performance
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 6.55%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.22%. 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.