SKY vs. TQQQ
Compare and contrast key facts about Skyline Champion Corporation (SKY) 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: SKY or TQQQ.
Correlation
The correlation between SKY 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
SKY vs. TQQQ - Performance Comparison
Key characteristics
SKY:
0.89
TQQQ:
1.30
SKY:
1.47
TQQQ:
1.79
SKY:
1.18
TQQQ:
1.23
SKY:
1.53
TQQQ:
1.65
SKY:
3.55
TQQQ:
5.45
SKY:
10.09%
TQQQ:
12.95%
SKY:
40.23%
TQQQ:
54.42%
SKY:
-93.05%
TQQQ:
-81.66%
SKY:
-16.81%
TQQQ:
-10.58%
Returns By Period
In the year-to-date period, SKY achieves a 2.85% return, which is significantly lower than TQQQ's 5.07% return. Over the past 10 years, SKY has outperformed TQQQ with an annualized return of 38.76%, while TQQQ has yielded a comparatively lower 36.57% annualized return.
SKY
2.85%
-4.87%
19.41%
30.84%
21.09%
38.76%
TQQQ
5.07%
1.62%
17.77%
63.52%
28.19%
36.57%
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Risk-Adjusted Performance
SKY vs. TQQQ — Risk-Adjusted Performance Rank
SKY
TQQQ
SKY vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Skyline Champion Corporation (SKY) 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
SKY vs. TQQQ - Dividend Comparison
SKY 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Skyline Champion Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.25% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SKY vs. TQQQ - Drawdown Comparison
The maximum SKY drawdown since its inception was -93.05%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SKY and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SKY vs. TQQQ - Volatility Comparison
The current volatility for Skyline Champion Corporation (SKY) is 12.20%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.41%. This indicates that SKY 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.