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:
0.81
TQQQ:
1.23
SKY:
1.36
TQQQ:
1.72
SKY:
1.17
TQQQ:
1.23
SKY:
1.38
TQQQ:
1.40
SKY:
3.47
TQQQ:
5.25
SKY:
9.31%
TQQQ:
12.54%
SKY:
40.05%
TQQQ:
53.39%
SKY:
-93.05%
TQQQ:
-81.66%
SKY:
-12.55%
TQQQ:
-12.01%
Returns By Period
In the year-to-date period, SKY achieves a 28.27% return, which is significantly lower than TQQQ's 63.64% return. Over the past 10 years, SKY has outperformed TQQQ with an annualized return of 39.86%, while TQQQ has yielded a comparatively lower 35.21% annualized return.
SKY
28.27%
-1.59%
30.95%
28.80%
24.64%
39.86%
TQQQ
63.64%
8.34%
7.50%
63.33%
31.98%
35.21%
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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 1.16%.
| 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 | 0.89% | 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 9.79%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.91%. 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.