NVDA.NEO vs. TQQQ
NVDA.NEO (NVIDIA Corporation CDR) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 3 years, NVDA.NEO returned 62.65%/yr vs 51.68%/yr for TQQQ. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
NVDA.NEO vs. TQQQ - Performance Comparison
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Different Trading Currencies
NVDA.NEO is traded in CAD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NVDA.NEO achieves a 7.58% return, which is significantly lower than TQQQ's 31.88% return.
NVDA.NEO
- 1D
- -0.11%
- 1M
- -3.15%
- 6M
- 10.04%
- YTD
- 7.58%
- 1Y
- 15.06%
- 3Y*
- 62.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 58.71%
TQQQ
- 1D
- 0.05%
- 1M
- -18.65%
- 6M
- 26.63%
- YTD
- 31.88%
- 1Y
- 60.21%
- 3Y*
- 51.68%
- 5Y*
- 19.39%
- 10Y*
- 41.56%
- ALL TIME*
- 45.35%
NVDA.NEO vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDA.NEO NVIDIA Corporation CDR | 7.58% | 34.85% | 167.19% | 233.73% | -38.80% |
TQQQ ProShares UltraPro QQQ | 31.88% | 28.22% | 71.67% | 190.95% | -64.95% |
Correlation
The correlation between NVDA.NEO and TQQQ is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.74 |
The correlation between NVDA.NEO and TQQQ shifts across timeframes, from 0.59 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDA.NEO vs. TQQQ — Risk / Return Rank
NVDA.NEO
TQQQ
NVDA.NEO vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation CDR (NVDA.NEO) 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.
| NVDA.NEO | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.63 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.51 | 4.79 | -3.28 |
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Drawdowns
NVDA.NEO vs. TQQQ - Drawdown Comparison
The maximum NVDA.NEO drawdown since its inception was -61.08%, smaller than the maximum TQQQ drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for NVDA.NEO and TQQQ.
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Drawdown Indicators
| NVDA.NEO | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.08% | -80.32% | +19.24% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -37.15% | +15.96% |
Max Drawdown (3Y)Largest decline over 3 years | -37.49% | -58.00% | +20.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -80.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.32% | — |
Current DrawdownCurrent decline from peak | -14.09% | -21.25% | +7.16% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -17.72% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.00% | 12.60% | -2.60% |
Volatility
NVDA.NEO vs. TQQQ - Volatility Comparison
The current volatility for NVIDIA Corporation CDR (NVDA.NEO) is 10.02%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 22.27%. This indicates that NVDA.NEO 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.
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Volatility by Period
| NVDA.NEO | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 22.27% | -12.25% |
Volatility (6M)Calculated over the trailing 6-month period | 27.04% | 46.32% | -19.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.76% | 55.70% | -20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.57% | 67.87% | -16.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.57% | 66.70% | -15.13% |
Dividends
NVDA.NEO vs. TQQQ - Dividend Comparison
NVDA.NEO's dividend yield for the trailing twelve months is around 0.14%, less than TQQQ's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA.NEO NVIDIA Corporation CDR | 0.14% | 0.02% | 0.06% | 0.13% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.56% | 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
NVDA.NEO and TQQQ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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