RNPGX vs. TQQQ
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and ProShares UltraPro QQQ (TQQQ).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNPGX or TQQQ.
Correlation
The correlation between RNPGX and TQQQ is 0.87, 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
RNPGX vs. TQQQ - Performance Comparison
Key characteristics
RNPGX:
1.00
TQQQ:
1.06
RNPGX:
1.37
TQQQ:
1.56
RNPGX:
1.19
TQQQ:
1.21
RNPGX:
0.72
TQQQ:
1.35
RNPGX:
4.52
TQQQ:
4.39
RNPGX:
3.07%
TQQQ:
13.17%
RNPGX:
13.87%
TQQQ:
54.39%
RNPGX:
-38.44%
TQQQ:
-81.66%
RNPGX:
-6.71%
TQQQ:
-3.96%
Returns By Period
In the year-to-date period, RNPGX achieves a 5.94% return, which is significantly lower than TQQQ's 12.85% return. Over the past 10 years, RNPGX has underperformed TQQQ with an annualized return of 6.77%, while TQQQ has yielded a comparatively higher 34.97% annualized return.
RNPGX
5.94%
2.27%
3.84%
14.41%
6.89%
6.77%
TQQQ
12.85%
5.66%
31.45%
63.52%
28.01%
34.97%
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RNPGX vs. TQQQ - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
RNPGX vs. TQQQ — Risk-Adjusted Performance Rank
RNPGX
TQQQ
RNPGX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) 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
RNPGX vs. TQQQ - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 0.87%, less than TQQQ's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 0.87% | 0.92% | 1.25% | 1.21% | 0.65% | 0.40% | 1.81% | 1.55% | 0.75% | 1.16% | 1.05% | 8.26% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
RNPGX vs. TQQQ - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -38.44%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for RNPGX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
RNPGX vs. TQQQ - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class R-6 (RNPGX) is 3.25%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.22%. This indicates that RNPGX 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.