PME.AX vs. TQQQ
Compare and contrast key facts about Pro Medicus Limited (PME.AX) 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.
Performance
PME.AX vs. TQQQ - Performance Comparison
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PME.AX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PME.AX Pro Medicus Limited | -43.72% | -11.52% | 161.84% | 74.19% | -11.11% | 83.31% | 53.66% | 106.06% | 25.55% | 83.18% |
TQQQ ProShares UltraPro QQQ | -20.38% | 24.60% | 74.19% | 198.27% | -77.71% | 93.71% | 91.61% | 134.92% | -11.19% | 101.45% |
Different Trading Currencies
PME.AX is traded in AUD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PME.AX achieves a -43.72% return, which is significantly lower than TQQQ's -23.53% return. Over the past 10 years, PME.AX has outperformed TQQQ with an annualized return of 43.84%, while TQQQ has yielded a comparatively lower 36.25% annualized return.
PME.AX
- 1D
- 6.05%
- 1M
- -1.31%
- YTD
- -43.72%
- 6M
- -59.40%
- 1Y
- -37.54%
- 3Y*
- 25.17%
- 5Y*
- 23.87%
- 10Y*
- 43.84%
TQQQ
- 1D
- 0.00%
- 1M
- -13.76%
- YTD
- -23.53%
- 6M
- -23.68%
- 1Y
- 30.03%
- 3Y*
- 43.50%
- 5Y*
- 14.93%
- 10Y*
- 36.25%
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Return for Risk
PME.AX vs. TQQQ — Risk / Return Rank
PME.AX
TQQQ
PME.AX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pro Medicus Limited (PME.AX) 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.
| PME.AX | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.75 | 0.48 | -1.23 |
Sortino ratioReturn per unit of downside risk | -0.89 | 1.09 | -1.98 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.16 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.82 | -1.38 |
Martin ratioReturn relative to average drawdown | -1.26 | 2.34 | -3.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PME.AX | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 0.48 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.24 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.58 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.72 | -0.27 |
Correlation
The correlation between PME.AX and TQQQ is 0.04, 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.
Dividends
PME.AX vs. TQQQ - Dividend Comparison
PME.AX's dividend yield for the trailing twelve months is around 0.50%, less than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PME.AX Pro Medicus Limited | 0.50% | 0.25% | 0.16% | 0.31% | 0.40% | 0.24% | 0.35% | 0.31% | 0.55% | 0.46% | 0.62% | 0.60% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
PME.AX vs. TQQQ - Drawdown Comparison
The maximum PME.AX drawdown since its inception was -88.06%, which is greater than TQQQ's maximum drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for PME.AX and TQQQ.
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Drawdown Indicators
| PME.AX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.06% | -81.66% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -67.24% | -36.97% | -30.27% |
Max Drawdown (5Y)Largest decline over 5 years | -67.24% | -81.66% | +14.42% |
Max Drawdown (10Y)Largest decline over 10 years | -67.24% | -81.66% | +14.42% |
Current DrawdownCurrent decline from peak | -62.35% | -28.08% | -34.27% |
Average DrawdownAverage peak-to-trough decline | -28.57% | -18.66% | -9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.71% | 12.13% | +17.58% |
Volatility
PME.AX vs. TQQQ - Volatility Comparison
The current volatility for Pro Medicus Limited (PME.AX) is 15.33%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.25%. This indicates that PME.AX 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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Volatility by Period
| PME.AX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.33% | 17.25% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 44.31% | 35.10% | +9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.66% | 62.75% | -13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.71% | 62.19% | -21.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.28% | 62.53% | -19.25% |