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 | -78.43% | 2.14% |
| 1Y Return | -77.93% | 90.96% |
| 3Y Return (Ann) | -52.77% | -0.56% |
| 5Y Return (Ann) | -40.98% | 25.74% |
| 10Y Return (Ann) | -23.79% | 35.70% |
| Sharpe Ratio | -0.91 | 1.77 |
| Daily Std Dev | 86.12% | 48.54% |
| Max Drawdown | -95.52% | -81.66% |
| Current Drawdown | -95.52% | -40.23% |
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 -78.43% return, which is significantly lower than TQQQ's 2.14% return. Over the past 10 years, SAVE has underperformed TQQQ with an annualized return of -23.79%, while TQQQ has yielded a comparatively higher 35.70% 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 27.89%, more than TQQQ's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SAVE Spirit Airlines, Inc. | 27.89% | 6.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.37% | 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 -95.52%, 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 20.00% compared to ProShares UltraPro QQQ (TQQQ) at 16.36%. 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.