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.
Correlation
The correlation between SAVE and TQQQ is 0.34, 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
Key characteristics
Returns By Period
SAVE
N/A
N/A
N/A
N/A
N/A
N/A
TQQQ
5.07%
1.62%
17.77%
63.52%
28.19%
36.57%
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Risk-Adjusted Performance
SAVE vs. TQQQ — Risk-Adjusted Performance Rank
SAVE
TQQQ
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 has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVE Spirit Airlines, Inc. | 18.52% | 18.52% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.21% | 1.27% | 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
Volatility
SAVE vs. TQQQ - Volatility Comparison
The current volatility for Spirit Airlines, Inc. (SAVE) is 0.00%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.41%. This indicates that SAVE 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.