QQQ vs. TQQQ
Compare and contrast key facts about Invesco QQQ (QQQ) and ProShares UltraPro QQQ (TQQQ).
QQQ and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. 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 QQQ 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: QQQ or TQQQ.
Key characteristics
| QQQ | TQQQ | |
|---|---|---|
| YTD Return | 3.93% | 5.29% |
| 1Y Return | 35.44% | 102.08% |
| 3Y Return (Ann) | 8.50% | 0.02% |
| 5Y Return (Ann) | 18.26% | 26.71% |
| 10Y Return (Ann) | 18.32% | 36.75% |
| Sharpe Ratio | 2.15 | 2.06 |
| Daily Std Dev | 16.38% | 48.91% |
| Max Drawdown | -82.98% | -81.66% |
| Current Drawdown | -4.77% | -38.39% |
Correlation
The correlation between QQQ and TQQQ is 1.00, 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.
Performance
QQQ vs. TQQQ - Performance Comparison
In the year-to-date period, QQQ achieves a 3.93% return, which is significantly lower than TQQQ's 5.29% return. Over the past 10 years, QQQ has underperformed TQQQ with an annualized return of 18.32%, while TQQQ has yielded a comparatively higher 36.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQQ vs. TQQQ - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
QQQ vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) 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
QQQ vs. TQQQ - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.62%, less than TQQQ's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
TQQQ ProShares UltraPro QQQ | 1.33% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
QQQ vs. TQQQ - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for QQQ and TQQQ. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. TQQQ - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 4.81%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.49%. This indicates that QQQ 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.