PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
QQQE vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

QQQE vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
3.79%
20.48%
QQQE
TQQQ

Returns By Period

In the year-to-date period, QQQE achieves a 9.27% return, which is significantly lower than TQQQ's 53.90% return. Over the past 10 years, QQQE has underperformed TQQQ with an annualized return of 12.59%, while TQQQ has yielded a comparatively higher 34.56% annualized return.


QQQE

YTD

9.27%

1M

0.93%

6M

3.79%

1Y

18.86%

5Y (annualized)

13.58%

10Y (annualized)

12.59%

TQQQ

YTD

53.90%

1M

2.86%

6M

20.48%

1Y

78.56%

5Y (annualized)

34.01%

10Y (annualized)

34.56%

Key characteristics


QQQETQQQ
Sharpe Ratio1.251.45
Sortino Ratio1.751.93
Omega Ratio1.221.26
Calmar Ratio1.731.47
Martin Ratio6.046.04
Ulcer Index3.01%12.47%
Daily Std Dev14.55%51.83%
Max Drawdown-32.14%-81.66%
Current Drawdown-2.39%-9.94%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


QQQE vs. TQQQ - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is lower than TQQQ's 0.95% expense ratio.


TQQQ
ProShares UltraPro QQQ
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for QQQE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Correlation

-0.50.00.51.00.9

The correlation between QQQE and TQQQ is 0.90, 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

QQQE vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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.


Sharpe ratio
The chart of Sharpe ratio for QQQE, currently valued at 1.25, compared to the broader market0.002.004.006.001.251.45
The chart of Sortino ratio for QQQE, currently valued at 1.75, compared to the broader market-2.000.002.004.006.008.0010.0012.001.751.93
The chart of Omega ratio for QQQE, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.26
The chart of Calmar ratio for QQQE, currently valued at 1.73, compared to the broader market0.005.0010.0015.001.731.47
The chart of Martin ratio for QQQE, currently valued at 6.04, compared to the broader market0.0020.0040.0060.0080.00100.006.046.04
QQQE
TQQQ

The current QQQE Sharpe Ratio is 1.25, which is comparable to the TQQQ Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of QQQE 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.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.25
1.45
QQQE
TQQQ

Dividends

QQQE vs. TQQQ - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.85%, less than TQQQ's 1.23% yield.


TTM20232022202120202019201820172016201520142013
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
0.85%0.79%0.97%3.83%0.54%0.74%0.80%0.65%1.17%0.75%1.36%0.38%
TQQQ
ProShares UltraPro QQQ
1.23%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%0.00%

Drawdowns

QQQE vs. TQQQ - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for QQQE and TQQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.39%
-9.94%
QQQE
TQQQ

Volatility

QQQE vs. TQQQ - Volatility Comparison

The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 4.86%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.03%. This indicates that QQQE 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.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
4.86%
17.03%
QQQE
TQQQ