SMPIX vs. TQQQ
Compare and contrast key facts about ProFunds Semiconductor UltraSector Fund (SMPIX) and ProShares UltraPro QQQ (TQQQ).
SMPIX is managed by ProFunds. It was launched on Jun 18, 2000. 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: SMPIX or TQQQ.
Key characteristics
| SMPIX | TQQQ | |
|---|---|---|
| YTD Return | 119.74% | 63.76% |
| 1Y Return | 160.41% | 106.42% |
| 3Y Return (Ann) | 36.41% | 0.86% |
| 5Y Return (Ann) | 50.26% | 35.83% |
| 10Y Return (Ann) | 32.96% | 35.69% |
| Sharpe Ratio | 2.64 | 2.03 |
| Sortino Ratio | 2.84 | 2.40 |
| Omega Ratio | 1.38 | 1.33 |
| Calmar Ratio | 4.24 | 1.95 |
| Martin Ratio | 12.17 | 8.43 |
| Ulcer Index | 13.04% | 12.40% |
| Daily Std Dev | 60.09% | 51.63% |
| Max Drawdown | -93.64% | -81.66% |
| Current Drawdown | -6.45% | -4.17% |
Correlation
The correlation between SMPIX and TQQQ is 0.82, 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
SMPIX vs. TQQQ - Performance Comparison
In the year-to-date period, SMPIX achieves a 119.74% return, which is significantly higher than TQQQ's 63.76% return. Over the past 10 years, SMPIX has underperformed TQQQ with an annualized return of 32.96%, while TQQQ has yielded a comparatively higher 35.69% 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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SMPIX vs. TQQQ - Expense Ratio Comparison
SMPIX has a 1.49% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SMPIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Semiconductor UltraSector Fund (SMPIX) 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
SMPIX vs. TQQQ - Dividend Comparison
SMPIX 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 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMPIX ProFunds Semiconductor UltraSector Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.34% | 12.90% | 0.85% | 1.17% | 0.00% | 0.00% | 1.16% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
SMPIX vs. TQQQ - Drawdown Comparison
The maximum SMPIX drawdown since its inception was -93.64%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SMPIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SMPIX vs. TQQQ - Volatility Comparison
ProFunds Semiconductor UltraSector Fund (SMPIX) and ProShares UltraPro QQQ (TQQQ) have volatilities of 15.10% and 15.36%, 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.