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.
Key characteristics
| SKY | TQQQ | |
|---|---|---|
| YTD Return | 1.32% | 2.14% |
| 1Y Return | 1.70% | 90.96% |
| 3Y Return (Ann) | 19.22% | -0.56% |
| 5Y Return (Ann) | 28.21% | 25.74% |
| 10Y Return (Ann) | 30.99% | 35.70% |
| Sharpe Ratio | 0.04 | 1.77 |
| Daily Std Dev | 42.37% | 48.54% |
| Max Drawdown | -93.05% | -81.66% |
| Current Drawdown | -12.21% | -40.23% |
Correlation
The correlation between SKY and TQQQ is 0.36, 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
In the year-to-date period, SKY achieves a 1.32% return, which is significantly lower than TQQQ's 2.14% return. Over the past 10 years, SKY has underperformed TQQQ with an annualized return of 30.99%, 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
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 1.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SKY Skyline Champion Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.25% | 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
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 11.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.36%. 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.