TBT vs. QQQ
Compare and contrast key facts about ProShares UltraShort 20+ Year Treasury (TBT) and Invesco QQQ (QQQ).
TBT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBT is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-200%). It was launched on May 1, 2008. 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 TBT 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: TBT or QQQ.
Correlation
The correlation between TBT and QQQ is 0.23, 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
TBT vs. QQQ - Performance Comparison
Key characteristics
TBT:
0.94
QQQ:
1.64
TBT:
1.50
QQQ:
2.19
TBT:
1.17
QQQ:
1.30
TBT:
0.30
QQQ:
2.16
TBT:
2.36
QQQ:
7.79
TBT:
11.28%
QQQ:
3.76%
TBT:
28.27%
QQQ:
17.85%
TBT:
-94.99%
QQQ:
-82.98%
TBT:
-86.18%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, TBT achieves a 24.82% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, TBT has underperformed QQQ with an annualized return of -1.53%, while QQQ has yielded a comparatively higher 18.36% annualized return.
TBT
24.82%
3.34%
11.72%
23.92%
8.79%
-1.53%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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TBT vs. QQQ - Expense Ratio Comparison
TBT has a 0.92% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TBT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 20+ Year Treasury (TBT) 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
TBT vs. QQQ - Dividend Comparison
TBT's dividend yield for the trailing twelve months is around 3.46%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBT ProShares UltraShort 20+ Year Treasury | 3.46% | 4.98% | 0.42% | 0.00% | 0.32% | 2.12% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TBT vs. QQQ - Drawdown Comparison
The maximum TBT drawdown since its inception was -94.99%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TBT and QQQ. For additional features, visit the drawdowns tool.
Volatility
TBT vs. QQQ - Volatility Comparison
ProShares UltraShort 20+ Year Treasury (TBT) has a higher volatility of 8.78% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that TBT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.