SOCL vs. TQQQ
Compare and contrast key facts about Global X Social Media ETF (SOCL) and ProShares UltraPro QQQ (TQQQ).
SOCL and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOCL is a passively managed fund by Global X that tracks the performance of the Solactive Social Media Index. It was launched on Nov 14, 2011. 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 SOCL 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: SOCL or TQQQ.
Correlation
The correlation between SOCL and TQQQ is 0.71, 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
SOCL vs. TQQQ - Performance Comparison
Key characteristics
SOCL:
0.28
TQQQ:
1.35
SOCL:
0.57
TQQQ:
1.82
SOCL:
1.07
TQQQ:
1.25
SOCL:
0.13
TQQQ:
1.53
SOCL:
0.96
TQQQ:
5.72
SOCL:
6.84%
TQQQ:
12.59%
SOCL:
23.58%
TQQQ:
53.33%
SOCL:
-68.70%
TQQQ:
-81.66%
SOCL:
-43.76%
TQQQ:
-8.52%
Returns By Period
In the year-to-date period, SOCL achieves a 7.79% return, which is significantly lower than TQQQ's 70.13% return. Over the past 10 years, SOCL has underperformed TQQQ with an annualized return of 9.24%, while TQQQ has yielded a comparatively higher 35.46% annualized return.
SOCL
7.79%
4.18%
2.99%
10.04%
4.97%
9.24%
TQQQ
70.13%
9.06%
19.57%
71.31%
32.75%
35.46%
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SOCL vs. TQQQ - Expense Ratio Comparison
SOCL has a 0.65% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SOCL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Social Media ETF (SOCL) 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
SOCL vs. TQQQ - Dividend Comparison
SOCL's dividend yield for the trailing twelve months is around 0.37%, less than TQQQ's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOCL Global X Social Media ETF | 0.37% | 0.61% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 1.49% | 0.18% | 0.01% | 0.05% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.18% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
SOCL vs. TQQQ - Drawdown Comparison
The maximum SOCL drawdown since its inception was -68.70%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SOCL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SOCL vs. TQQQ - Volatility Comparison
The current volatility for Global X Social Media ETF (SOCL) is 5.53%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.25%. This indicates that SOCL 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.