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OTPIX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OTPIX and QQQ 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.


-0.50.00.51.01.0

Performance

OTPIX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds NASDAQ-100 Fund (OTPIX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

300.00%400.00%500.00%600.00%700.00%800.00%JulyAugustSeptemberOctoberNovemberDecember
402.48%
795.60%
OTPIX
QQQ

Key characteristics

Sharpe Ratio

OTPIX:

1.43

QQQ:

1.64

Sortino Ratio

OTPIX:

1.95

QQQ:

2.19

Omega Ratio

OTPIX:

1.26

QQQ:

1.30

Calmar Ratio

OTPIX:

1.88

QQQ:

2.16

Martin Ratio

OTPIX:

6.59

QQQ:

7.79

Ulcer Index

OTPIX:

3.92%

QQQ:

3.76%

Daily Std Dev

OTPIX:

18.10%

QQQ:

17.85%

Max Drawdown

OTPIX:

-72.58%

QQQ:

-82.98%

Current Drawdown

OTPIX:

-4.49%

QQQ:

-3.63%

Returns By Period

In the year-to-date period, OTPIX achieves a 23.83% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, OTPIX has underperformed QQQ with an annualized return of 15.28%, while QQQ has yielded a comparatively higher 18.36% annualized return.


OTPIX

YTD

23.83%

1M

2.05%

6M

6.44%

1Y

24.31%

5Y*

16.48%

10Y*

15.28%

QQQ

YTD

27.20%

1M

3.08%

6M

8.34%

1Y

27.81%

5Y*

20.44%

10Y*

18.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


OTPIX vs. QQQ - Expense Ratio Comparison

OTPIX has a 1.48% expense ratio, which is higher than QQQ's 0.20% expense ratio.


OTPIX
ProFunds NASDAQ-100 Fund
Expense ratio chart for OTPIX: current value at 1.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.48%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

OTPIX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) and Invesco QQQ (QQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for OTPIX, currently valued at 1.43, compared to the broader market-1.000.001.002.003.004.001.431.64
The chart of Sortino ratio for OTPIX, currently valued at 1.95, compared to the broader market-2.000.002.004.006.008.0010.001.952.19
The chart of Omega ratio for OTPIX, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.003.501.261.30
The chart of Calmar ratio for OTPIX, currently valued at 1.88, compared to the broader market0.002.004.006.008.0010.0012.0014.001.882.16
The chart of Martin ratio for OTPIX, currently valued at 6.59, compared to the broader market0.0020.0040.0060.006.597.79
OTPIX
QQQ

The current OTPIX Sharpe Ratio is 1.43, which is comparable to the QQQ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of OTPIX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.43
1.64
OTPIX
QQQ

Dividends

OTPIX vs. QQQ - Dividend Comparison

OTPIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.


TTM20232022202120202019201820172016201520142013
OTPIX
ProFunds NASDAQ-100 Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

OTPIX vs. QQQ - Drawdown Comparison

The maximum OTPIX drawdown since its inception was -72.58%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OTPIX and QQQ. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.49%
-3.63%
OTPIX
QQQ

Volatility

OTPIX vs. QQQ - Volatility Comparison

ProFunds NASDAQ-100 Fund (OTPIX) and Invesco QQQ (QQQ) have volatilities of 5.49% and 5.29%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
5.49%
5.29%
OTPIX
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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