PARAA vs. TQQQ
Compare and contrast key facts about Paramount Global Class A (PARAA) 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: PARAA or TQQQ.
Correlation
The correlation between PARAA and TQQQ is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PARAA vs. TQQQ - Performance Comparison
Key characteristics
PARAA:
0.20
TQQQ:
0.79
PARAA:
0.67
TQQQ:
1.31
PARAA:
1.09
TQQQ:
1.17
PARAA:
0.17
TQQQ:
1.02
PARAA:
0.63
TQQQ:
3.29
PARAA:
15.12%
TQQQ:
13.18%
PARAA:
45.38%
TQQQ:
54.66%
PARAA:
-66.10%
TQQQ:
-81.66%
PARAA:
-42.61%
TQQQ:
-8.37%
Returns By Period
In the year-to-date period, PARAA achieves a 0.90% return, which is significantly lower than TQQQ's 7.67% return.
PARAA
0.90%
0.49%
-1.18%
3.67%
N/A
N/A
TQQQ
7.67%
12.06%
34.69%
52.27%
25.38%
34.94%
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Risk-Adjusted Performance
PARAA vs. TQQQ — Risk-Adjusted Performance Rank
PARAA
TQQQ
PARAA vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paramount Global Class A (PARAA) 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
PARAA vs. TQQQ - Dividend Comparison
PARAA's dividend yield for the trailing twelve months is around 0.89%, less than TQQQ's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARAA Paramount Global Class A | 0.89% | 0.90% | 1.98% | 4.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
PARAA vs. TQQQ - Drawdown Comparison
The maximum PARAA drawdown since its inception was -66.10%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PARAA and TQQQ. For additional features, visit the drawdowns tool.
Volatility
PARAA vs. TQQQ - Volatility Comparison
The current volatility for Paramount Global Class A (PARAA) is 2.22%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.90%. This indicates that PARAA 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.