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:
0.72
TQQQ:
1.06
SKY:
1.30
TQQQ:
1.56
SKY:
1.16
TQQQ:
1.21
SKY:
1.22
TQQQ:
1.35
SKY:
2.69
TQQQ:
4.39
SKY:
10.67%
TQQQ:
13.17%
SKY:
39.62%
TQQQ:
54.39%
SKY:
-93.05%
TQQQ:
-81.66%
SKY:
-4.98%
TQQQ:
-3.96%
Returns By Period
In the year-to-date period, SKY achieves a 17.48% return, which is significantly higher than TQQQ's 12.85% return. Over the past 10 years, SKY has outperformed TQQQ with an annualized return of 40.05%, while TQQQ has yielded a comparatively lower 34.97% annualized return.
SKY
17.48%
13.85%
17.16%
26.76%
29.04%
40.05%
TQQQ
12.85%
5.66%
31.45%
63.52%
28.01%
34.97%
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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 1.12%.
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 | 1.12% | 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
Skyline Champion Corporation (SKY) and ProShares UltraPro QQQ (TQQQ) have volatilities of 14.52% and 14.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.