SEQUX vs. TQQQ
Compare and contrast key facts about Sequoia Fund (SEQUX) and ProShares UltraPro QQQ (TQQQ).
SEQUX is managed by Sequoia. It was launched on Jul 15, 1970. 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: SEQUX or TQQQ.
Key characteristics
| SEQUX | TQQQ | |
|---|---|---|
| YTD Return | 11.90% | 25.64% |
| 1Y Return | 35.35% | 119.97% |
| 3Y Return (Ann) | 3.47% | 10.73% |
| 5Y Return (Ann) | 10.06% | 34.76% |
| 10Y Return (Ann) | 7.58% | 38.49% |
| Sharpe Ratio | 2.79 | 2.49 |
| Daily Std Dev | 12.39% | 48.60% |
| Max Drawdown | -45.81% | -81.66% |
| Current Drawdown | -2.23% | -26.48% |
Correlation
The correlation between SEQUX and TQQQ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SEQUX vs. TQQQ - Performance Comparison
In the year-to-date period, SEQUX achieves a 11.90% return, which is significantly lower than TQQQ's 25.64% return. Over the past 10 years, SEQUX has underperformed TQQQ with an annualized return of 7.58%, while TQQQ has yielded a comparatively higher 38.49% 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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SEQUX vs. TQQQ - Expense Ratio Comparison
SEQUX has a 1.00% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SEQUX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sequoia Fund (SEQUX) 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
SEQUX vs. TQQQ - Dividend Comparison
SEQUX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.11%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEQUX Sequoia Fund | 0.00% | 0.00% | 3.09% | 14.82% | 13.50% | 4.94% | 25.75% | 13.72% | 18.84% | 5.07% | 1.93% | 1.53% |
TQQQ ProShares UltraPro QQQ | 1.11% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
SEQUX vs. TQQQ - Drawdown Comparison
The maximum SEQUX drawdown since its inception was -45.81%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SEQUX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SEQUX vs. TQQQ - Volatility Comparison
The current volatility for Sequoia Fund (SEQUX) is 3.56%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.36%. This indicates that SEQUX 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.