PTNQ vs. TQQQ
Compare and contrast key facts about Pacer Trendpilot 100 ETF (PTNQ) and ProShares UltraPro QQQ (TQQQ).
PTNQ and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTNQ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer NASDAQ-100 Trendpilot Index. It was launched on Jun 11, 2015. 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. Both PTNQ and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTNQ or TQQQ.
Performance
PTNQ vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, PTNQ achieves a 13.87% return, which is significantly lower than TQQQ's 51.05% return.
PTNQ
13.87%
0.73%
6.59%
17.72%
14.78%
N/A
TQQQ
51.05%
1.51%
18.78%
78.21%
33.37%
34.34%
Key characteristics
| PTNQ | TQQQ | |
|---|---|---|
| Sharpe Ratio | 1.89 | 1.51 |
| Sortino Ratio | 2.62 | 1.97 |
| Omega Ratio | 1.35 | 1.26 |
| Calmar Ratio | 2.37 | 1.53 |
| Martin Ratio | 8.92 | 6.29 |
| Ulcer Index | 2.01% | 12.45% |
| Daily Std Dev | 9.50% | 52.01% |
| Max Drawdown | -28.06% | -81.66% |
| Current Drawdown | -1.59% | -11.61% |
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PTNQ vs. TQQQ - Expense Ratio Comparison
PTNQ has a 0.65% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Correlation
The correlation between PTNQ and TQQQ is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PTNQ vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot 100 ETF (PTNQ) 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
PTNQ vs. TQQQ - Dividend Comparison
PTNQ's dividend yield for the trailing twelve months is around 1.29%, more than TQQQ's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PTNQ Pacer Trendpilot 100 ETF | 1.29% | 1.47% | 0.62% | 0.00% | 0.16% | 0.44% | 0.45% | 0.32% | 0.30% | 0.22% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.26% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
PTNQ vs. TQQQ - Drawdown Comparison
The maximum PTNQ drawdown since its inception was -28.06%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PTNQ and TQQQ. For additional features, visit the drawdowns tool.
Volatility
PTNQ vs. TQQQ - Volatility Comparison
The current volatility for Pacer Trendpilot 100 ETF (PTNQ) is 3.08%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.92%. This indicates that PTNQ 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.