PLDI.TO vs. TQQQ
Compare and contrast key facts about PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) and ProShares UltraPro QQQ (TQQQ).
PLDI.TO and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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: PLDI.TO or TQQQ.
Correlation
The correlation between PLDI.TO and TQQQ is 0.10, 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
PLDI.TO vs. TQQQ - Performance Comparison
Key characteristics
PLDI.TO:
2.32
TQQQ:
0.87
PLDI.TO:
3.74
TQQQ:
1.38
PLDI.TO:
1.46
TQQQ:
1.18
PLDI.TO:
5.46
TQQQ:
1.11
PLDI.TO:
17.97
TQQQ:
3.59
PLDI.TO:
0.62%
TQQQ:
13.17%
PLDI.TO:
4.49%
TQQQ:
54.68%
PLDI.TO:
-6.86%
TQQQ:
-81.66%
PLDI.TO:
0.00%
TQQQ:
-8.55%
Returns By Period
In the year-to-date period, PLDI.TO achieves a 0.77% return, which is significantly lower than TQQQ's 7.46% return.
PLDI.TO
0.77%
1.21%
2.56%
6.21%
8.01%
N/A
TQQQ
7.46%
10.67%
34.66%
44.77%
25.50%
34.93%
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PLDI.TO vs. TQQQ - Expense Ratio Comparison
Risk-Adjusted Performance
PLDI.TO vs. TQQQ — Risk-Adjusted Performance Rank
PLDI.TO
TQQQ
PLDI.TO vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) 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
PLDI.TO vs. TQQQ - Dividend Comparison
PLDI.TO's dividend yield for the trailing twelve months is around 7.08%, more than TQQQ's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada) | 7.08% | 7.02% | 5.79% | 3.29% | 2.04% | 4.71% | 2.49% | 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
PLDI.TO vs. TQQQ - Drawdown Comparison
The maximum PLDI.TO drawdown since its inception was -6.86%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PLDI.TO and TQQQ. For additional features, visit the drawdowns tool.
Volatility
PLDI.TO vs. TQQQ - Volatility Comparison
The current volatility for PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) is 1.80%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.90%. This indicates that PLDI.TO 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.