SKYU vs. TQQQ
Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and ProShares UltraPro QQQ (TQQQ).
SKYU and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYU is a passively managed fund by ProShares that tracks the performance of the ISE Cloud Computing Index (200%). It was launched on Jan 19, 2021. 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. Both SKYU and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYU or TQQQ.
Key characteristics
| SKYU | TQQQ | |
|---|---|---|
| YTD Return | 64.18% | 64.96% |
| 1Y Return | 117.11% | 119.79% |
| 3Y Return (Ann) | -14.74% | 0.92% |
| Sharpe Ratio | 2.54 | 2.20 |
| Sortino Ratio | 2.85 | 2.54 |
| Omega Ratio | 1.38 | 1.34 |
| Calmar Ratio | 1.55 | 2.04 |
| Martin Ratio | 14.04 | 9.24 |
| Ulcer Index | 7.89% | 12.40% |
| Daily Std Dev | 43.71% | 52.07% |
| Max Drawdown | -83.01% | -81.66% |
| Current Drawdown | -37.94% | -3.47% |
Correlation
The correlation between SKYU and TQQQ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SKYU vs. TQQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with SKYU having a 64.18% return and TQQQ slightly higher at 64.96%. 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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SKYU vs. TQQQ - Expense Ratio Comparison
Both SKYU and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
SKYU vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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
SKYU vs. TQQQ - Dividend Comparison
SKYU's dividend yield for the trailing twelve months is around 0.09%, less than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
SKYU vs. TQQQ - Drawdown Comparison
The maximum SKYU drawdown since its inception was -83.01%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SKYU and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SKYU vs. TQQQ - Volatility Comparison
The current volatility for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) is 12.91%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. This indicates that SKYU 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.