TQQQ vs. GOOG

Last updated Jul 2, 2026

TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while GOOG (Alphabet Inc) is a stock. Over the past 10 years, TQQQ returned 44.63%/yr vs 26.30%/yr for GOOG. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

TQQQ vs. GOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and Alphabet Inc (GOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQQQ achieves a 47.51% return, which is significantly higher than GOOG's 14.20% return. Over the past 10 years, TQQQ has outperformed GOOG with an annualized return of 44.63%, while GOOG has yielded a comparatively lower 26.30% annualized return.

TQQQ

• 1D: -4.37%
• 1M: -9.76%
• YTD: 47.51%
• 6M: 47.51%
• 1Y: 92.76%
• 3Y*: 57.53%
• 5Y*: 20.74%
• 10Y*: 44.63%

GOOG

• 1D: 1.29%
• 1M: -3.88%
• YTD: 14.20%
• 6M: 14.20%
• 1Y: 102.88%
• 3Y*: 43.98%
• 5Y*: 22.91%
• 10Y*: 26.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TQQQ vs. GOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TQQQ ProShares UltraPro QQQ	47.51%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%
GOOG Alphabet Inc	14.20%	65.42%	35.62%	58.83%	-38.67%	65.17%	31.03%	29.10%	-1.03%	35.58%

Correlation

The correlation between TQQQ and GOOG is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014	0.75

The correlation between TQQQ and GOOG shifts across timeframes, from 0.57 (1 year) to 0.76 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TQQQ vs. GOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQQQ

TQQQ Risk / Return Rank: 55
TQQQ Sharpe Ratio Rank: 60
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 52
TQQQ Calmar Ratio Rank: 60
TQQQ Martin Ratio Rank: 54

GOOG

GOOG Risk / Return Rank: 96
GOOG Sharpe Ratio Rank: 97
GOOG Sortino Ratio Rank: 98
GOOG Omega Ratio Rank: 96
GOOG Calmar Ratio Rank: 93
GOOG Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQQQ vs. GOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Alphabet Inc (GOOG). 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	GOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.72	3.52	-1.79
Sortino ratio: Return per unit of downside risk	2.15	4.77	-2.62
Omega ratio: Gain probability vs. loss probability	1.28	1.58	-0.29
Calmar ratio: Return relative to maximum drawdown	2.52	4.99	-2.46
Martin ratio: Return relative to average drawdown	7.91	16.23	-8.32

TQQQ vs. GOOG - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 1.72, which is lower than the GOOG Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of TQQQ and GOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQQQ vs. GOOG - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for TQQQ and GOOG.

Drawdown Indicators

	TQQQ	GOOG	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-44.60%	-37.06%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	-20.75%	-16.22%
Max Drawdown (3Y) Largest decline over 3 years	-58.04%	-29.35%	-28.69%
Max Drawdown (5Y) Largest decline over 5 years	-81.66%	-44.60%	-37.06%
Max Drawdown (10Y) Largest decline over 10 years	-81.66%	-44.60%	-37.06%
Current Drawdown Current decline from peak	-10.99%	-10.26%	-0.73%
Average Drawdown Average peak-to-trough decline	-18.49%	-8.90%	-9.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	6.36%	+5.41%

Volatility

TQQQ vs. GOOG - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 28.72% compared to Alphabet Inc (GOOG) at 10.90%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQQ	GOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.72%	10.90%	+17.82%
Volatility (6M) Calculated over the trailing 6-month period	44.49%	21.62%	+22.87%
Volatility (1Y) Calculated over the trailing 1-year period	54.20%	29.43%	+24.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.57%	31.40%	+36.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.31%	29.10%	+37.21%

Dividends

TQQQ vs. GOOG - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.49%, more than GOOG's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOG Alphabet Inc	0.24%	0.26%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.49%	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

Can I hold both TQQQ and GOOG in my portfolio?

TQQQ and GOOG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQQQ or GOOG?

TQQQ has higher volatility (28.72%) compared to GOOG (10.90%). In terms of maximum drawdown, TQQQ dropped -81.66% vs GOOG's -44.60%.

Which has better risk-adjusted returns?

GOOG currently has the higher Sharpe Ratio (3.52 vs 1.72), 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.