SPY2.DE vs. TQQQ
Compare and contrast key facts about SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and ProShares UltraPro QQQ (TQQQ).
SPY2.DE and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY2.DE is a passively managed fund by State Street Global Advisors Europe Limited that tracks the performance of the Dow Jones Global Select Real Estate Securities. It was launched on Oct 16, 2019. 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 SPY2.DE 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: SPY2.DE or TQQQ.
Key characteristics
| SPY2.DE | TQQQ | |
|---|---|---|
| YTD Return | 9.40% | 63.76% |
| 1Y Return | 25.49% | 106.42% |
| 3Y Return (Ann) | -0.93% | 0.86% |
| 5Y Return (Ann) | 1.27% | 35.83% |
| Sharpe Ratio | 1.71 | 2.03 |
| Sortino Ratio | 2.50 | 2.40 |
| Omega Ratio | 1.31 | 1.33 |
| Calmar Ratio | 0.66 | 1.95 |
| Martin Ratio | 8.31 | 8.43 |
| Ulcer Index | 2.58% | 12.40% |
| Daily Std Dev | 13.04% | 51.63% |
| Max Drawdown | -42.59% | -81.66% |
| Current Drawdown | -17.81% | -4.17% |
Correlation
The correlation between SPY2.DE 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
SPY2.DE vs. TQQQ - Performance Comparison
In the year-to-date period, SPY2.DE achieves a 9.40% return, which is significantly lower than TQQQ's 63.76% 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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SPY2.DE vs. TQQQ - Expense Ratio Comparison
SPY2.DE has a 0.40% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SPY2.DE vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) 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
SPY2.DE vs. TQQQ - Dividend Comparison
SPY2.DE 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
SPY2.DE vs. TQQQ - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -42.59%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and TQQQ. For additional features, visit the drawdowns tool.
Volatility
SPY2.DE vs. TQQQ - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) is 4.17%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.36%. This indicates that SPY2.DE 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.