R1GR.AS vs. TQQQ

Last updated Jun 26, 2026

R1GR.AS (iShares Russell 1000 Growth UCITS ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - R1GR.AS is a Large Cap Growth Equities fund tracking the Russell 1000 Growth UCITS 30/18 Capped index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past year, R1GR.AS returned 16.71% vs 91.80% for TQQQ. A 0.60 correlation means they provide meaningful diversification when combined. R1GR.AS charges 0.18%/yr vs 0.95%/yr for TQQQ.

Performance

R1GR.AS vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Growth UCITS ETF (R1GR.AS) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, R1GR.AS achieves a 1.63% return, which is significantly lower than TQQQ's 42.40% return.

R1GR.AS

• 1D: 0.00%
• 1M: -3.78%
• YTD: 1.63%
• 6M: 1.07%
• 1Y: 16.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: 2.25%
• 1M: -8.54%
• YTD: 42.40%
• 6M: 35.61%
• 1Y: 91.80%
• 3Y*: 60.52%
• 5Y*: 21.71%
• 10Y*: 46.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

R1GR.AS vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
R1GR.AS iShares Russell 1000 Growth UCITS ETF	1.63%	17.57%	35.07%	11.97%
TQQQ ProShares UltraPro QQQ	42.40%	34.35%	58.27%	30.16%

Correlation

The correlation between R1GR.AS and TQQQ is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023	0.60

The correlation between R1GR.AS and TQQQ has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

Return for Risk

R1GR.AS vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

R1GR.AS

R1GR.AS Risk / Return Rank: 29
R1GR.AS Sharpe Ratio Rank: 32
R1GR.AS Sortino Ratio Rank: 32
R1GR.AS Omega Ratio Rank: 30
R1GR.AS Calmar Ratio Rank: 24
R1GR.AS Martin Ratio Rank: 26

TQQQ

TQQQ Risk / Return Rank: 55
TQQQ Sharpe Ratio Rank: 60
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 52
TQQQ Calmar Ratio Rank: 59
TQQQ Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

R1GR.AS vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth UCITS ETF (R1GR.AS) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	R1GR.AS	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.73	-0.69
Sortino ratio: Return per unit of downside risk	1.59	2.15	-0.56
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.05	2.50	-1.44
Martin ratio: Return relative to average drawdown	3.33	7.89	-4.56

R1GR.AS vs. TQQQ - Sharpe Ratio Comparison

The current R1GR.AS Sharpe Ratio is 1.04, which is lower than the TQQQ Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of R1GR.AS and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

R1GR.AS vs. TQQQ - Drawdown Comparison

The maximum R1GR.AS drawdown since its inception was -23.09%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for R1GR.AS and TQQQ.

Drawdown Indicators

	R1GR.AS	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.09%	-81.66%	+58.57%
Max Drawdown (1Y) Largest decline over 1 year	-15.71%	-36.97%	+21.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-5.98%	-14.07%	+8.09%
Average Drawdown Average peak-to-trough decline	-3.39%	-18.49%	+15.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	11.67%	-6.67%

Volatility

R1GR.AS vs. TQQQ - Volatility Comparison

The current volatility for iShares Russell 1000 Growth UCITS ETF (R1GR.AS) is 5.11%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 26.81%. This indicates that R1GR.AS 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.

Volatility by Period

	R1GR.AS	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	26.81%	-21.70%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	43.27%	-31.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	53.22%	-37.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	67.42%	-49.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	66.30%	-48.50%

R1GR.AS vs. TQQQ - Expense Ratio Comparison

R1GR.AS has a 0.18% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

R1GR.AS vs. TQQQ - Dividend Comparison

R1GR.AS has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
R1GR.AS iShares Russell 1000 Growth UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.27%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both R1GR.AS and TQQQ in my portfolio?

R1GR.AS and TQQQ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, R1GR.AS or TQQQ?

On fees, R1GR.AS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, R1GR.AS or TQQQ?

R1GR.AS is cheaper with a 0.18% expense ratio, compared with 0.95% for TQQQ.

What is the main difference between R1GR.AS and TQQQ?

R1GR.AS is categorized as Large Cap Growth Equities, while TQQQ is Leveraged Equities. R1GR.AS tracks Russell 1000 Growth UCITS 30/18 Capped index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.18% for R1GR.AS and 0.95% for TQQQ.