PAG vs. TQQQ
Compare and contrast key facts about Penske Automotive Group, Inc. (PAG) 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: PAG or TQQQ.
Correlation
The correlation between PAG and TQQQ is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PAG vs. TQQQ - Performance Comparison
Key characteristics
PAG:
0.61
TQQQ:
1.06
PAG:
1.10
TQQQ:
1.56
PAG:
1.12
TQQQ:
1.21
PAG:
0.81
TQQQ:
1.35
PAG:
2.17
TQQQ:
4.39
PAG:
6.82%
TQQQ:
13.17%
PAG:
24.33%
TQQQ:
54.39%
PAG:
-83.33%
TQQQ:
-81.66%
PAG:
-4.53%
TQQQ:
-3.96%
Returns By Period
In the year-to-date period, PAG achieves a 10.15% return, which is significantly lower than TQQQ's 12.85% return. Over the past 10 years, PAG has underperformed TQQQ with an annualized return of 16.13%, while TQQQ has yielded a comparatively higher 34.97% annualized return.
PAG
10.15%
3.08%
2.32%
16.88%
28.47%
16.13%
TQQQ
12.85%
5.66%
31.45%
63.52%
28.01%
34.97%
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Risk-Adjusted Performance
PAG vs. TQQQ — Risk-Adjusted Performance Rank
PAG
TQQQ
PAG vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Penske Automotive Group, Inc. (PAG) 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.
Dividends
PAG vs. TQQQ - Dividend Comparison
PAG's dividend yield for the trailing twelve months is around 1.92%, more than TQQQ's 1.12% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PAG Penske Automotive Group, Inc. | 1.92% | 2.68% | 1.73% | 1.80% | 1.66% | 1.41% | 3.15% | 3.52% | 2.63% | 2.12% | 2.22% | 1.59% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
PAG vs. TQQQ - Drawdown Comparison
The maximum PAG drawdown since its inception was -83.33%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PAG and TQQQ. For additional features, visit the drawdowns tool.
Volatility
PAG vs. TQQQ - Volatility Comparison
The current volatility for Penske Automotive Group, Inc. (PAG) is 9.11%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.22%. This indicates that PAG 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.