R1GR.AS vs. TQQQ
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 3 years, R1GR.AS returned 20.36%/yr vs 44.49%/yr for TQQQ. A 0.61 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
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Returns By Period
In the year-to-date period, R1GR.AS achieves a 2.47% return, which is significantly lower than TQQQ's 28.60% return.
R1GR.AS
- 1D
- 0.00%
- 1M
- -1.01%
- 6M
- 3.65%
- YTD
- 2.47%
- 1Y
- 12.60%
- 3Y*
- 20.36%
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- -4.54%
- 1M
- -12.71%
- 6M
- 25.23%
- YTD
- 28.60%
- 1Y
- 56.16%
- 3Y*
- 44.49%
- 5Y*
- 17.69%
- 10Y*
- 41.11%
R1GR.AS vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1GR.AS iShares Russell 1000 Growth UCITS ETF | 2.47% | 17.57% | 35.07% | 11.97% |
TQQQ ProShares UltraPro QQQ | 28.60% | 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 (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.61 |
The correlation between R1GR.AS and TQQQ has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
R1GR.AS vs. TQQQ — Risk / Return Rank
R1GR.AS
TQQQ
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 ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.53 | -0.73 |
| Martin ratioReturn relative to average drawdown | 2.42 | 4.61 | -2.19 |
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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.
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Drawdown Indicators
| R1GR.AS | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -23.09% | -58.04% | +34.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -5.22% | -22.40% | +17.18% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -18.48% | +15.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 12.22% | -7.04% |
Volatility
R1GR.AS vs. TQQQ - Volatility Comparison
The current volatility for iShares Russell 1000 Growth UCITS ETF (R1GR.AS) is 5.92%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 22.07%. 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.
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Volatility by Period
| R1GR.AS | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 22.07% | -16.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 46.26% | -33.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 55.75% | -39.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 67.79% | -49.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 66.42% | -48.54% |
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 0.56%.
| 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 | 0.56% | 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
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.
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.
R1GR.AS is cheaper with a 0.18% expense ratio, compared with 0.95% for 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.
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