SKS.AX vs. TQQQ

Last updated Jun 5, 2026

SKS.AX (SKS Technologies Group Limited) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, SKS.AX returned 36.20%/yr vs 43.64%/yr for TQQQ. At a correlation of -0.00, they often move in opposite directions.

Performance

SKS.AX vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SKS Technologies Group Limited (SKS.AX) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SKS.AX is traded in AUD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SKS.AX achieves a 122.79% return, which is significantly higher than TQQQ's 31.42% return. Over the past 10 years, SKS.AX has underperformed TQQQ with an annualized return of 36.20%, while TQQQ has yielded a comparatively higher 43.64% annualized return.

SKS.AX

• 1D: 1.25%
• 1M: 19.30%
• YTD: 122.79%
• 6M: 109.29%
• 1Y: 420.61%
• 3Y*: 296.41%
• 5Y*: 111.17%
• 10Y*: 36.20%

TQQQ

• 1D: -13.23%
• 1M: 4.85%
• YTD: 31.42%
• 6M: 22.96%
• 1Y: 88.19%
• 3Y*: 57.20%
• 5Y*: 26.45%
• 10Y*: 43.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SKS.AX vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SKS.AX SKS Technologies Group Limited	122.79%	124.06%	516.81%	73.41%	-15.73%	7.69%	18.18%	-41.07%	27.27%	-45.00%
TQQQ ProShares UltraPro QQQ	31.42%	24.60%	74.19%	198.27%	-77.71%	93.71%	91.61%	134.92%	-11.19%	101.45%

Correlation

The correlation between SKS.AX and TQQQ is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	-0.00

Return for Risk

SKS.AX vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKS.AX

SKS.AX Risk / Return Rank: 98
SKS.AX Sharpe Ratio Rank: 99
SKS.AX Sortino Ratio Rank: 98
SKS.AX Omega Ratio Rank: 97
SKS.AX Calmar Ratio Rank: 99
SKS.AX Martin Ratio Rank: 99

TQQQ

TQQQ Risk / Return Rank: 56
TQQQ Sharpe Ratio Rank: 64
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 54
TQQQ Calmar Ratio Rank: 58
TQQQ Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKS.AX vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SKS Technologies Group Limited (SKS.AX) 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.

	SKS.AX	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	6.98	1.93	+5.04
Sortino ratio: Return per unit of downside risk	5.45	2.29	+3.16
Omega ratio: Gain probability vs. loss probability	1.67	1.31	+0.36
Calmar ratio: Return relative to maximum drawdown	15.50	2.24	+13.26
Martin ratio: Return relative to average drawdown	41.97	6.55	+35.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKS.AX vs. TQQQ - Sharpe Ratio Comparison

The current SKS.AX Sharpe Ratio is 6.98, which is higher than the TQQQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of SKS.AX and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKS.AX	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.98	1.93	+5.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.63	0.43	+1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.70	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.79	-0.69

Drawdowns

SKS.AX vs. TQQQ - Drawdown Comparison

The maximum SKS.AX drawdown since its inception was -96.93%, which is greater than TQQQ's maximum drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for SKS.AX and TQQQ.

Drawdown Indicators

	SKS.AX	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-96.93%	-80.30%	-16.63%
Max Drawdown (1Y) Largest decline over 1 year	-26.70%	-39.51%	+12.81%
Max Drawdown (3Y) Largest decline over 3 years	-33.12%	-55.15%	+22.03%
Max Drawdown (5Y) Largest decline over 5 years	-54.90%	-80.30%	+25.40%
Max Drawdown (10Y) Largest decline over 10 years	-91.86%	-80.30%	-11.56%
Current Drawdown Current decline from peak	-4.91%	-14.66%	+9.75%
Average Drawdown Average peak-to-trough decline	-59.10%	-17.97%	-41.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.90%	13.51%	-3.61%

Volatility

SKS.AX vs. TQQQ - Volatility Comparison

The current volatility for SKS Technologies Group Limited (SKS.AX) is 16.85%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 18.63%. This indicates that SKS.AX 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.

Volatility by Period

	SKS.AX	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.85%	18.63%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	46.10%	36.00%	+10.10%
Volatility (1Y) Calculated over the trailing 1-year period	59.34%	45.94%	+13.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.92%	62.44%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.00%	62.77%	+8.23%

Dividends

SKS.AX vs. TQQQ - Dividend Comparison

SKS.AX's dividend yield for the trailing twelve months is around 0.96%, more than TQQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SKS.AX SKS Technologies Group Limited	0.96%	1.49%	0.54%	0.67%	1.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.43%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both SKS.AX and TQQQ in my portfolio?

SKS.AX and TQQQ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.