SAVE vs. TQQQ
Compare and contrast key facts about Spirit Airlines, Inc. (SAVE) and ProShares UltraPro QQQ (TQQQ).
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: SAVE or TQQQ.
Key characteristics
| SAVE | TQQQ | |
|---|---|---|
| YTD Return | -91.72% | 59.60% |
| 1Y Return | -87.72% | 88.74% |
| 3Y Return (Ann) | -60.76% | 0.01% |
| 5Y Return (Ann) | -48.09% | 34.59% |
| 10Y Return (Ann) | -32.66% | 35.45% |
| Sharpe Ratio | -0.63 | 1.74 |
| Sortino Ratio | -0.90 | 2.17 |
| Omega Ratio | 0.86 | 1.29 |
| Calmar Ratio | -0.88 | 1.75 |
| Martin Ratio | -1.21 | 7.20 |
| Ulcer Index | 71.13% | 12.41% |
| Daily Std Dev | 137.75% | 51.33% |
| Max Drawdown | -98.29% | -81.66% |
| Current Drawdown | -98.28% | -6.61% |
Correlation
The correlation between SAVE and TQQQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SAVE vs. TQQQ - Performance Comparison
In the year-to-date period, SAVE achieves a -91.72% return, which is significantly lower than TQQQ's 59.60% return. Over the past 10 years, SAVE has underperformed TQQQ with an annualized return of -32.66%, 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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Risk-Adjusted Performance
SAVE vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit Airlines, Inc. (SAVE) 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
SAVE vs. TQQQ - Dividend Comparison
SAVE's dividend yield for the trailing twelve months is around 30.30%, more than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SAVE Spirit Airlines, Inc. | 30.30% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
SAVE vs. TQQQ - Drawdown Comparison
The maximum SAVE drawdown since its inception was -98.29%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SAVE and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SAVE vs. TQQQ - Volatility Comparison
Spirit Airlines, Inc. (SAVE) has a higher volatility of 117.05% compared to ProShares UltraPro QQQ (TQQQ) at 14.91%. This indicates that SAVE's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.