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PARAA vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PARAA and TQQQ is 0.41, 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.

PARAA vs. TQQQ

Last updated Jun 1, 2025

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.

Performance

PARAA vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Global Class A (PARAA) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PARAA:

0.41

TQQQ:

0.18

Sortino Ratio

PARAA:

0.78

TQQQ:

0.68

Omega Ratio

PARAA:

1.11

TQQQ:

1.09

Calmar Ratio

PARAA:

0.19

TQQQ:

0.13

Martin Ratio

PARAA:

1.40

TQQQ:

0.33

Ulcer Index

PARAA:

7.87%

TQQQ:

22.59%

Daily Std Dev

PARAA:

27.10%

TQQQ:

75.89%

Max Drawdown

PARAA:

-66.10%

TQQQ:

-81.66%

Current Drawdown

PARAA:

-42.10%

TQQQ:

-24.49%

Returns By Period

In the year-to-date period, PARAA achieves a 1.79% return, which is significantly higher than TQQQ's -11.28% return.

PARAA

YTD

1.79%

1M

-0.22%

6M

-0.05%

1Y

10.62%

3Y*

-13.30%

5Y*

N/A

10Y*

N/A

TQQQ

YTD

-11.28%

1M

23.30%

6M

-11.83%

1Y

13.44%

3Y*

30.10%

5Y*

28.60%

10Y*

31.28%

*Annualized

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Paramount Global Class A

ProShares UltraPro QQQ

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PARAA vs. TQQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PARAA
The Risk-Adjusted Performance Rank of PARAA is 6363
Overall Rank
The Sharpe Ratio Rank of PARAA is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of PARAA is 5959
Sortino Ratio Rank
The Omega Ratio Rank of PARAA is 6161
Omega Ratio Rank
The Calmar Ratio Rank of PARAA is 6060
Calmar Ratio Rank
The Martin Ratio Rank of PARAA is 6767
Martin Ratio Rank
TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 2727
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 3636
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 3737
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2222
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2020
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current PARAA Sharpe Ratio is 0.41, which is higher than the TQQQ Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of PARAA and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

PARAA vs. TQQQ - Dividend Comparison

PARAA's dividend yield for the trailing twelve months is around 0.88%, less than TQQQ's 1.41% yield.

TTM20242023202220212020201920182017201620152014
PARAA
Paramount Global Class A		0.88%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		1.41%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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PARAA vs. TQQQ - Volatility Comparison

The current volatility for Paramount Global Class A (PARAA) is 3.10%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. 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.

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