SBLGX vs. SQQQ
Compare and contrast key facts about ClearBridge Large Cap Growth Fund (SBLGX) and ProShares UltraPro Short QQQ (SQQQ).
SBLGX is managed by Franklin Templeton. It was launched on Aug 29, 1997. SQQQ 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: SBLGX or SQQQ.
Key characteristics
| SBLGX | SQQQ | |
|---|---|---|
| YTD Return | 30.29% | -51.13% |
| 1Y Return | 30.88% | -63.74% |
| 3Y Return (Ann) | -3.56% | -39.63% |
| 5Y Return (Ann) | 6.50% | -59.83% |
| 10Y Return (Ann) | 7.67% | -52.65% |
| Sharpe Ratio | 1.73 | -1.20 |
| Sortino Ratio | 2.17 | -2.21 |
| Omega Ratio | 1.34 | 0.76 |
| Calmar Ratio | 0.90 | -0.63 |
| Martin Ratio | 9.00 | -1.44 |
| Ulcer Index | 3.33% | 43.59% |
| Daily Std Dev | 17.38% | 52.39% |
| Max Drawdown | -53.70% | -100.00% |
| Current Drawdown | -10.63% | -100.00% |
Correlation
The correlation between SBLGX and SQQQ is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SBLGX vs. SQQQ - Performance Comparison
In the year-to-date period, SBLGX achieves a 30.29% return, which is significantly higher than SQQQ's -51.13% return. Over the past 10 years, SBLGX has outperformed SQQQ with an annualized return of 7.67%, while SQQQ has yielded a comparatively lower -52.65% 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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SBLGX vs. SQQQ - Expense Ratio Comparison
SBLGX has a 0.99% expense ratio, which is higher than SQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SBLGX vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Large Cap Growth Fund (SBLGX) and ProShares UltraPro Short QQQ (SQQQ). 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
SBLGX vs. SQQQ - Dividend Comparison
SBLGX has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 10.07%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBLGX ClearBridge Large Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.15% | 0.01% | 0.00% | 0.08% | 0.02% |
SQQQ ProShares UltraPro Short QQQ | 10.07% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
Drawdowns
SBLGX vs. SQQQ - Drawdown Comparison
The maximum SBLGX drawdown since its inception was -53.70%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SBLGX and SQQQ. For additional features, visit the drawdowns tool.
Volatility
SBLGX vs. SQQQ - Volatility Comparison
The current volatility for ClearBridge Large Cap Growth Fund (SBLGX) is 4.57%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 15.52%. This indicates that SBLGX experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.