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TNA vs. SQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TNASQQQ
YTD Return10.10%-36.29%
1Y Return39.08%-52.52%
3Y Return (Ann)-20.19%-38.22%
5Y Return (Ann)-5.94%-58.87%
10Y Return (Ann)2.33%-51.86%
Sharpe Ratio0.57-1.00
Daily Std Dev63.94%52.96%
Max Drawdown-88.09%-100.00%
Current Drawdown-60.45%-100.00%

Correlation

-0.50.00.51.0-0.7

The correlation between TNA and SQQQ is -0.74. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

TNA vs. SQQQ - Performance Comparison

In the year-to-date period, TNA achieves a 10.10% return, which is significantly higher than SQQQ's -36.29% return. Over the past 10 years, TNA has outperformed SQQQ with an annualized return of 2.33%, while SQQQ has yielded a comparatively lower -51.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%AprilMayJuneJulyAugustSeptember
14.01%
-100.00%
TNA
SQQQ

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TNA vs. SQQQ - Expense Ratio Comparison

TNA has a 1.14% expense ratio, which is higher than SQQQ's 0.95% expense ratio.


TNA
Direxion Daily Small Cap Bull 3X Shares
Expense ratio chart for TNA: current value at 1.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.14%
Expense ratio chart for SQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

TNA vs. SQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) and ProShares UltraPro Short QQQ (SQQQ). 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.


TNA
Sharpe ratio
The chart of Sharpe ratio for TNA, currently valued at 0.57, compared to the broader market0.002.004.000.57
Sortino ratio
The chart of Sortino ratio for TNA, currently valued at 1.20, compared to the broader market-2.000.002.004.006.008.0010.0012.001.20
Omega ratio
The chart of Omega ratio for TNA, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.14
Calmar ratio
The chart of Calmar ratio for TNA, currently valued at 0.45, compared to the broader market0.005.0010.0015.000.45
Martin ratio
The chart of Martin ratio for TNA, currently valued at 2.53, compared to the broader market0.0020.0040.0060.0080.00100.00120.002.53
SQQQ
Sharpe ratio
The chart of Sharpe ratio for SQQQ, currently valued at -1.00, compared to the broader market0.002.004.00-1.00
Sortino ratio
The chart of Sortino ratio for SQQQ, currently valued at -1.62, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.62
Omega ratio
The chart of Omega ratio for SQQQ, currently valued at 0.83, compared to the broader market0.501.001.502.002.503.000.83
Calmar ratio
The chart of Calmar ratio for SQQQ, currently valued at -0.53, compared to the broader market0.005.0010.0015.00-0.53
Martin ratio
The chart of Martin ratio for SQQQ, currently valued at -1.10, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.10

TNA vs. SQQQ - Sharpe Ratio Comparison

The current TNA Sharpe Ratio is 0.57, which is higher than the SQQQ Sharpe Ratio of -1.00. The chart below compares the 12-month rolling Sharpe Ratio of TNA and SQQQ.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50AprilMayJuneJulyAugustSeptember
0.57
-1.00
TNA
SQQQ

Dividends

TNA vs. SQQQ - Dividend Comparison

TNA's dividend yield for the trailing twelve months is around 0.96%, less than SQQQ's 11.25% yield.


TTM20232022202120202019201820172016201520142013
TNA
Direxion Daily Small Cap Bull 3X Shares
0.92%1.27%0.31%0.06%0.03%0.44%0.36%0.15%0.00%0.00%0.59%1.53%
SQQQ
ProShares UltraPro Short QQQ
11.25%8.01%0.28%0.00%2.15%2.92%1.47%0.14%0.00%0.00%0.00%0.00%

Drawdowns

TNA vs. SQQQ - Drawdown Comparison

The maximum TNA drawdown since its inception was -88.09%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TNA and SQQQ. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%AprilMayJuneJulyAugustSeptember
-60.45%
-100.00%
TNA
SQQQ

Volatility

TNA vs. SQQQ - Volatility Comparison

Direxion Daily Small Cap Bull 3X Shares (TNA) has a higher volatility of 18.90% compared to ProShares UltraPro Short QQQ (SQQQ) at 17.69%. This indicates that TNA's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%AprilMayJuneJulyAugustSeptember
18.90%
17.69%
TNA
SQQQ