RXL vs. TQQQ
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and ProShares UltraPro QQQ (TQQQ).
RXL and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. 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 RXL 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: RXL or TQQQ.
Performance
RXL vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, RXL achieves a 3.95% return, which is significantly lower than TQQQ's 48.06% return. Over the past 10 years, RXL has underperformed TQQQ with an annualized return of 12.32%, while TQQQ has yielded a comparatively higher 34.14% annualized return.
RXL
3.95%
-14.95%
-7.70%
17.09%
11.04%
12.32%
TQQQ
48.06%
1.57%
18.83%
74.81%
32.55%
34.14%
Key characteristics
| RXL | TQQQ | |
|---|---|---|
| Sharpe Ratio | 0.82 | 1.45 |
| Sortino Ratio | 1.20 | 1.92 |
| Omega Ratio | 1.16 | 1.26 |
| Calmar Ratio | 0.64 | 1.47 |
| Martin Ratio | 3.21 | 6.04 |
| Ulcer Index | 5.56% | 12.43% |
| Daily Std Dev | 21.63% | 51.88% |
| Max Drawdown | -66.88% | -81.66% |
| Current Drawdown | -19.18% | -13.36% |
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RXL vs. TQQQ - Expense Ratio Comparison
Both RXL and TQQQ have an expense ratio of 0.95%.
Correlation
The correlation between RXL and TQQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
RXL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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
RXL vs. TQQQ - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.19%, less than TQQQ's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.19% | 0.18% | 0.65% | 0.16% | 0.25% | 0.43% | 0.52% | 0.23% | 0.23% | 1.83% | 0.40% | 0.31% |
TQQQ ProShares UltraPro QQQ | 1.28% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
RXL vs. TQQQ - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.88%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for RXL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
RXL vs. TQQQ - Volatility Comparison
The current volatility for ProShares Ultra Health Care (RXL) is 7.11%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. This indicates that RXL 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.