REK vs. TQQQ
Compare and contrast key facts about ProShares Short Real Estate (REK) and ProShares UltraPro QQQ (TQQQ).
REK and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REK is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Real Estate -SS (-100%). It was launched on Mar 18, 2010. 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 REK 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: REK or TQQQ.
Key characteristics
| REK | TQQQ | |
|---|---|---|
| YTD Return | -3.31% | 59.60% |
| 1Y Return | -13.34% | 88.74% |
| 3Y Return (Ann) | 2.82% | 0.01% |
| 5Y Return (Ann) | -6.71% | 34.59% |
| 10Y Return (Ann) | -7.87% | 35.45% |
| Sharpe Ratio | -0.85 | 1.74 |
| Sortino Ratio | -1.15 | 2.17 |
| Omega Ratio | 0.87 | 1.29 |
| Calmar Ratio | -0.16 | 1.75 |
| Martin Ratio | -1.28 | 7.20 |
| Ulcer Index | 10.72% | 12.41% |
| Daily Std Dev | 16.14% | 51.33% |
| Max Drawdown | -84.57% | -81.66% |
| Current Drawdown | -82.00% | -6.61% |
Correlation
The correlation between REK and TQQQ is -0.51. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
REK vs. TQQQ - Performance Comparison
In the year-to-date period, REK achieves a -3.31% return, which is significantly lower than TQQQ's 59.60% return. Over the past 10 years, REK has underperformed TQQQ with an annualized return of -7.87%, while TQQQ has yielded a comparatively higher 35.45% 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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REK vs. TQQQ - Expense Ratio Comparison
Both REK and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
REK vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) 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
REK vs. TQQQ - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 6.54%, more than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | 6.54% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
REK vs. TQQQ - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for REK and TQQQ. For additional features, visit the drawdowns tool.
Volatility
REK vs. TQQQ - Volatility Comparison
The current volatility for ProShares Short Real Estate (REK) is 5.74%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. This indicates that REK 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.