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.
Key characteristics
RNPGX | TQQQ | |
---|---|---|
YTD Return | 15.23% | 32.12% |
1Y Return | 24.35% | 69.47% |
3Y Return (Ann) | 3.26% | -1.26% |
5Y Return (Ann) | 12.96% | 33.27% |
10Y Return (Ann) | 11.44% | 33.85% |
Sharpe Ratio | 1.84 | 1.32 |
Daily Std Dev | 12.98% | 52.75% |
Max Drawdown | -34.25% | -81.66% |
Current Drawdown | -0.54% | -22.69% |
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
In the year-to-date period, RNPGX achieves a 15.23% return, which is significantly lower than TQQQ's 32.12% return. Over the past 10 years, RNPGX has underperformed TQQQ with an annualized return of 11.44%, while TQQQ has yielded a comparatively higher 33.85% 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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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 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 4.92%, more than TQQQ's 1.29% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
American Funds New Perspective Fund Class R-6 | 4.92% | 5.67% | 4.53% | 7.31% | 4.41% | 4.47% | 7.95% | 5.80% | 4.20% | 6.46% | 8.26% | 6.90% |
ProShares UltraPro QQQ | 1.29% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
RNPGX vs. TQQQ - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, 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 4.13%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 18.26%. 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.