TQQQ vs. ^IXIC
TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while ^IXIC (NASDAQ Composite) is an index. Over the past 10 years, TQQQ returned 42.84%/yr vs 17.88%/yr for ^IXIC. With a 0.98 correlation, they move nearly in lockstep.
Performance
TQQQ vs. ^IXIC - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ achieves a 38.79% return, which is significantly higher than ^IXIC's 10.62% return. Over the past 10 years, TQQQ has outperformed ^IXIC with an annualized return of 42.84%, while ^IXIC has yielded a comparatively lower 17.88% annualized return.
TQQQ
- 1D
- -14.28%
- 1M
- 2.07%
- YTD
- 38.79%
- 6M
- 30.51%
- 1Y
- 103.91%
- 3Y*
- 60.11%
- 5Y*
- 24.09%
- 10Y*
- 42.84%
^IXIC
- 1D
- -4.18%
- 1M
- -0.50%
- YTD
- 10.62%
- 6M
- 9.04%
- 1Y
- 33.22%
- 3Y*
- 24.64%
- 5Y*
- 13.23%
- 10Y*
- 17.88%
TQQQ vs. ^IXIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 38.79% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
^IXIC NASDAQ Composite | 10.62% | 20.36% | 28.64% | 43.42% | -33.10% | 21.39% | 43.64% | 35.23% | -3.88% | 28.24% |
Correlation
The correlation between TQQQ and ^IXIC is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | 0.98 |
The correlation between TQQQ and ^IXIC has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
TQQQ vs. ^IXIC — Risk / Return Rank
TQQQ
^IXIC
TQQQ vs. ^IXIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and NASDAQ Composite (^IXIC). 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.
| TQQQ | ^IXIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.53 | +0.30 |
| Martin ratioReturn relative to average drawdown | 9.20 | 9.80 | -0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TQQQ | ^IXIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.99 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.59 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.81 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.52 | +0.19 |
Drawdowns
TQQQ vs. ^IXIC - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for TQQQ and ^IXIC.
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Drawdown Indicators
| TQQQ | ^IXIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -77.93% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -13.21% | -23.76% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | -24.32% | -33.72% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | -36.40% | -45.26% |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | -36.40% | -45.26% |
Current DrawdownCurrent decline from peak | -16.25% | -5.11% | -11.14% |
Average DrawdownAverage peak-to-trough decline | -18.52% | -21.40% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 3.40% | +7.93% |
Volatility
TQQQ vs. ^IXIC - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 20.42% compared to NASDAQ Composite (^IXIC) at 5.87%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ | ^IXIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.42% | 5.87% | +14.55% |
Volatility (6M)Calculated over the trailing 6-month period | 39.33% | 12.89% | +26.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.81% | 16.80% | +33.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.79% | 22.50% | +44.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.11% | 22.05% | +44.06% |
Frequently Asked Questions
With a correlation of 0.98, TQQQ and ^IXIC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TQQQ has higher volatility (20.42%) compared to ^IXIC (5.87%). In terms of maximum drawdown, TQQQ dropped -81.66% vs ^IXIC's -77.93%.
TQQQ currently has the higher Sharpe Ratio (2.10 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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