TQQQ vs. ARKK
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and ARK Innovation ETF (ARKK).
TQQQ and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQQQ or ARKK.
Performance
TQQQ vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, TQQQ achieves a 55.41% return, which is significantly higher than ARKK's 4.58% return. Over the past 10 years, TQQQ has outperformed ARKK with an annualized return of 34.39%, while ARKK has yielded a comparatively lower 11.53% annualized return.
TQQQ
55.41%
3.57%
23.50%
78.24%
34.24%
34.39%
ARKK
4.58%
16.16%
25.59%
23.58%
3.25%
11.53%
Key characteristics
| TQQQ | ARKK | |
|---|---|---|
| Sharpe Ratio | 1.55 | 0.70 |
| Sortino Ratio | 2.01 | 1.18 |
| Omega Ratio | 1.27 | 1.14 |
| Calmar Ratio | 1.57 | 0.33 |
| Martin Ratio | 6.44 | 1.73 |
| Ulcer Index | 12.48% | 14.39% |
| Daily Std Dev | 51.79% | 35.54% |
| Max Drawdown | -81.66% | -80.91% |
| Current Drawdown | -9.06% | -64.44% |
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TQQQ vs. ARKK - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Correlation
The correlation between TQQQ and ARKK is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
TQQQ vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and ARK Innovation ETF (ARKK). 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
TQQQ vs. ARKK - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 1.22%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.22% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% |
Drawdowns
TQQQ vs. ARKK - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for TQQQ and ARKK. For additional features, visit the drawdowns tool.
Volatility
TQQQ vs. ARKK - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 16.26% compared to ARK Innovation ETF (ARKK) at 13.98%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.