TQQQ vs. FSPCX
TQQQ (ProShares UltraPro QQQ) and FSPCX (Fidelity Select Insurance Portfolio) are both funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while FSPCX is a Financials Equities fund managed by Fidelity. Over the past 10 years, TQQQ returned 44.55%/yr vs 12.26%/yr for FSPCX. A 0.52 correlation means they provide meaningful diversification when combined. TQQQ charges 0.95%/yr vs 0.78%/yr for FSPCX.
Performance
TQQQ vs. FSPCX - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ achieves a 47.28% return, which is significantly higher than FSPCX's -0.79% return. Over the past 10 years, TQQQ has outperformed FSPCX with an annualized return of 44.55%, while FSPCX has yielded a comparatively lower 12.26% annualized return.
TQQQ
- 1D
- 1.99%
- 1M
- 2.89%
- YTD
- 47.28%
- 6M
- 47.23%
- 1Y
- 114.36%
- 3Y*
- 59.79%
- 5Y*
- 24.34%
- 10Y*
- 44.55%
FSPCX
- 1D
- 0.03%
- 1M
- 2.47%
- YTD
- -0.79%
- 6M
- -0.60%
- 1Y
- -0.58%
- 3Y*
- 14.50%
- 5Y*
- 11.71%
- 10Y*
- 12.26%
TQQQ vs. FSPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 47.28% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
FSPCX Fidelity Select Insurance Portfolio | -0.79% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
Correlation
The correlation between TQQQ and FSPCX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.52 |
The correlation between TQQQ and FSPCX shifts across timeframes, from -0.08 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TQQQ vs. FSPCX — Risk / Return Rank
TQQQ
FSPCX
TQQQ vs. FSPCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Fidelity Select Insurance Portfolio (FSPCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TQQQ | FSPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.01 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | -0.01 | +2.90 |
| Martin ratioReturn relative to average drawdown | 9.26 | -0.03 | +9.28 |
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Drawdowns
TQQQ vs. FSPCX - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than FSPCX's maximum drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for TQQQ and FSPCX.
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Drawdown Indicators
| TQQQ | FSPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -69.48% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -9.98% | -26.99% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | -11.69% | -46.35% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | -16.65% | -65.01% |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | -43.68% | -37.98% |
Current DrawdownCurrent decline from peak | -11.12% | -5.50% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -18.51% | -9.70% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 4.98% | +6.54% |
Volatility
TQQQ vs. FSPCX - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 22.79% compared to Fidelity Select Insurance Portfolio (FSPCX) at 5.74%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ | FSPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.79% | 5.74% | +17.05% |
Volatility (6M)Calculated over the trailing 6-month period | 41.26% | 11.31% | +29.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.24% | 15.53% | +35.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.02% | 17.59% | +49.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.22% | 20.12% | +46.10% |
TQQQ vs. FSPCX - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is higher than FSPCX's 0.78% expense ratio.
Dividends
TQQQ vs. FSPCX - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.41%, less than FSPCX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 4.74% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
TQQQ ProShares UltraPro QQQ | 0.41% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
TQQQ and FSPCX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (22.79%) compared to FSPCX (5.74%). In terms of maximum drawdown, TQQQ dropped -81.66% vs FSPCX's -69.48%.
TQQQ currently has the higher Sharpe Ratio (2.09 vs -0.01), 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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