TBF vs. QQQ
Compare and contrast key facts about ProShares Short 20+ Year Treasury (TBF) and Invesco QQQ (QQQ).
TBF and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBF is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-100%). It was launched on Aug 20, 2009. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both TBF and QQQ 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: TBF or QQQ.
Key characteristics
| TBF | QQQ | |
|---|---|---|
| YTD Return | 9.67% | 26.09% |
| 1Y Return | -2.88% | 39.88% |
| 3Y Return (Ann) | 17.32% | 9.90% |
| 5Y Return (Ann) | 5.37% | 21.46% |
| 10Y Return (Ann) | -0.25% | 18.52% |
| Sharpe Ratio | -0.03 | 2.22 |
| Sortino Ratio | 0.06 | 2.92 |
| Omega Ratio | 1.01 | 1.40 |
| Calmar Ratio | -0.01 | 2.86 |
| Martin Ratio | -0.07 | 10.44 |
| Ulcer Index | 6.84% | 3.72% |
| Daily Std Dev | 15.06% | 17.47% |
| Max Drawdown | -70.40% | -82.98% |
| Current Drawdown | -48.53% | 0.00% |
Correlation
The correlation between TBF and QQQ is 0.22, 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
TBF vs. QQQ - Performance Comparison
In the year-to-date period, TBF achieves a 9.67% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, TBF has underperformed QQQ with an annualized return of -0.25%, while QQQ has yielded a comparatively higher 18.52% 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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TBF vs. QQQ - Expense Ratio Comparison
TBF has a 0.94% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TBF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 20+ Year Treasury (TBF) and Invesco QQQ (QQQ). 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
TBF vs. QQQ - Dividend Comparison
TBF's dividend yield for the trailing twelve months is around 4.84%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBF ProShares Short 20+ Year Treasury | 4.84% | 4.99% | 0.36% | 0.00% | 0.22% | 1.68% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TBF vs. QQQ - Drawdown Comparison
The maximum TBF drawdown since its inception was -70.40%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TBF and QQQ. For additional features, visit the drawdowns tool.
Volatility
TBF vs. QQQ - Volatility Comparison
ProShares Short 20+ Year Treasury (TBF) and Invesco QQQ (QQQ) have volatilities of 4.96% and 5.17%, 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.