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.
Performance
NQ=F vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, NQ=F achieves a 22.27% return, which is significantly lower than TQQQ's 55.41% return. Over the past 10 years, NQ=F has underperformed TQQQ with an annualized return of 16.93%, while TQQQ has yielded a comparatively higher 34.39% annualized return.
NQ=F
22.27%
1.33%
11.33%
29.70%
19.73%
16.93%
TQQQ
55.41%
3.57%
23.50%
78.24%
34.24%
34.39%
Key characteristics
| NQ=F | TQQQ | |
|---|---|---|
| Sharpe Ratio | 1.37 | 1.55 |
| Sortino Ratio | 1.90 | 2.01 |
| Omega Ratio | 1.26 | 1.27 |
| Calmar Ratio | 1.69 | 1.57 |
| Martin Ratio | 5.74 | 6.44 |
| Ulcer Index | 4.14% | 12.48% |
| Daily Std Dev | 17.10% | 51.79% |
| Max Drawdown | -35.28% | -81.66% |
| Current Drawdown | -1.96% | -9.06% |
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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.
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 5.37%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.06%. 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.