Correlation
The correlation between SPXCY and TQQQ is 0.16, 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.
SPXCY vs. TQQQ
Compare and contrast key facts about Singapore Exchange Ltd ADR (SPXCY) 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: SPXCY or TQQQ.
Performance
SPXCY vs. TQQQ - Performance Comparison
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Key characteristics
SPXCY:
2.27
TQQQ:
0.18
SPXCY:
3.05
TQQQ:
0.68
SPXCY:
1.46
TQQQ:
1.09
SPXCY:
4.00
TQQQ:
0.13
SPXCY:
15.18
TQQQ:
0.33
SPXCY:
3.92%
TQQQ:
22.59%
SPXCY:
26.04%
TQQQ:
75.89%
SPXCY:
-32.66%
TQQQ:
-81.66%
SPXCY:
-2.73%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, SPXCY achieves a 18.04% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, SPXCY has underperformed TQQQ with an annualized return of 10.82%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
SPXCY
18.04%
-0.48%
16.19%
57.42%
20.08%
18.68%
10.82%
TQQQ
-11.28%
27.55%
-11.83%
13.32%
30.10%
28.60%
31.28%
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Risk-Adjusted Performance
SPXCY vs. TQQQ — Risk-Adjusted Performance Rank
SPXCY
TQQQ
SPXCY vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Singapore Exchange Ltd ADR (SPXCY) 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.
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Dividends
SPXCY vs. TQQQ - Dividend Comparison
SPXCY's dividend yield for the trailing twelve months is around 2.50%, more than TQQQ's 1.41% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXCY Singapore Exchange Ltd ADR | 2.50% | 2.79% | 3.27% | 3.46% | 3.46% | 9.52% | 3.34% | 4.55% | 3.65% | 4.11% | 3.86% | 7.12% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
SPXCY vs. TQQQ - Drawdown Comparison
The maximum SPXCY drawdown since its inception was -32.66%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SPXCY and TQQQ.
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Volatility
SPXCY vs. TQQQ - Volatility Comparison
The current volatility for Singapore Exchange Ltd ADR (SPXCY) is 5.66%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that SPXCY 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.
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