Correlation
The correlation between RNPGX and TQQQ is 0.92, 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.
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.
Performance
RNPGX vs. TQQQ - Performance Comparison
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Key characteristics
RNPGX:
0.84
TQQQ:
0.14
RNPGX:
1.14
TQQQ:
0.71
RNPGX:
1.16
TQQQ:
1.10
RNPGX:
0.77
TQQQ:
0.16
RNPGX:
3.25
TQQQ:
0.40
RNPGX:
4.24%
TQQQ:
22.55%
RNPGX:
18.46%
TQQQ:
75.92%
RNPGX:
-34.25%
TQQQ:
-81.66%
RNPGX:
-0.39%
TQQQ:
-24.09%
Returns By Period
In the year-to-date period, RNPGX achieves a 7.50% return, which is significantly higher than TQQQ's -10.81% return. Over the past 10 years, RNPGX has underperformed TQQQ with an annualized return of 11.44%, while TQQQ has yielded a comparatively higher 31.23% annualized return.
RNPGX
7.50%
7.39%
6.76%
15.33%
13.38%
13.79%
11.44%
TQQQ
-10.81%
28.25%
-9.10%
10.25%
30.01%
28.73%
31.23%
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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.
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Dividends
RNPGX vs. TQQQ - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 5.07%, more than TQQQ's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 5.07% | 5.45% | 5.67% | 4.53% | 7.31% | 4.41% | 4.47% | 7.95% | 5.80% | 4.20% | 6.46% | 7.29% |
TQQQ ProShares UltraPro QQQ | 1.40% | 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 -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.
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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 16.36%. 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.
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