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 0.36, 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
Key characteristics
SKY:
0.23
TQQQ:
-0.50
SKY:
0.64
TQQQ:
-0.34
SKY:
1.08
TQQQ:
0.95
SKY:
0.40
TQQQ:
-0.56
SKY:
0.87
TQQQ:
-1.83
SKY:
10.68%
TQQQ:
17.10%
SKY:
40.20%
TQQQ:
63.34%
SKY:
-93.05%
TQQQ:
-81.66%
SKY:
-19.97%
TQQQ:
-55.68%
Returns By Period
In the year-to-date period, SKY achieves a -1.06% return, which is significantly higher than TQQQ's -47.92% return. Over the past 10 years, SKY has outperformed TQQQ with an annualized return of 37.91%, while TQQQ has yielded a comparatively lower 25.87% annualized return.
SKY
-1.06%
-12.68%
-7.15%
10.33%
48.30%
37.91%
TQQQ
-47.92%
-42.77%
-42.55%
-27.98%
32.23%
25.87%
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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 2.40%.
| TTM | 2024 | 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% | 0.00% | 4.25% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 2.40% | 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 13.24%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 33.22%. 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.