TQQQ vs. LCSIX

Last updated Jun 7, 2026

TQQQ (ProShares UltraPro QQQ) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while LCSIX is a Systematic Trend fund managed by LoCorr Funds. Over the past 10 years, TQQQ returned 42.84%/yr vs 2.90%/yr for LCSIX. At a correlation of -0.04, they often move in opposite directions. TQQQ charges 0.95%/yr vs 1.75%/yr for LCSIX.

Performance

TQQQ vs. LCSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQQQ achieves a 38.79% return, which is significantly higher than LCSIX's 2.55% return. Over the past 10 years, TQQQ has outperformed LCSIX with an annualized return of 42.84%, while LCSIX has yielded a comparatively lower 2.90% annualized return.

TQQQ

• 1D: -14.28%
• 1M: -4.23%
• YTD: 38.79%
• 6M: 30.51%
• 1Y: 98.25%
• 3Y*: 60.11%
• 5Y*: 24.09%
• 10Y*: 42.84%

LCSIX

• 1D: 0.34%
• 1M: -0.00%
• YTD: 2.55%
• 6M: 2.31%
• 1Y: 2.42%
• 3Y*: -1.80%
• 5Y*: 1.09%
• 10Y*: 2.90%

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

TQQQ vs. LCSIX - 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%
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.55%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%

Correlation

The correlation between TQQQ and LCSIX 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	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012	-0.04

The correlation between TQQQ and LCSIX shifts across timeframes, from -0.04 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TQQQ vs. LCSIX — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 56
TQQQ Sharpe Ratio Rank: 64
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 54
TQQQ Calmar Ratio Rank: 58
TQQQ Martin Ratio Rank: 54

LCSIX

LCSIX Risk / Return Rank: 6
LCSIX Sharpe Ratio Rank: 6
LCSIX Sortino Ratio Rank: 6
LCSIX Omega Ratio Rank: 6
LCSIX Calmar Ratio Rank: 8
LCSIX Martin Ratio Rank: 6

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. LCSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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	LCSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.43	+1.67
Sortino ratio: Return per unit of downside risk	2.41	0.63	+1.78
Omega ratio: Gain probability vs. loss probability	1.33	1.09	+0.24
Calmar ratio: Return relative to maximum drawdown	2.83	0.69	+2.14
Martin ratio: Return relative to average drawdown	9.20	1.33	+7.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQQQ vs. LCSIX - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 2.10, which is higher than the LCSIX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of TQQQ and LCSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TQQQ	LCSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	0.43	+1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.20	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.44	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.45	+0.26

Drawdowns

TQQQ vs. LCSIX - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for TQQQ and LCSIX.

Drawdown Indicators

	TQQQ	LCSIX	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-25.13%	-56.53%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	-3.87%	-33.10%
Max Drawdown (3Y) Largest decline over 3 years	-58.04%	-11.60%	-46.44%
Max Drawdown (5Y) Largest decline over 5 years	-81.66%	-13.21%	-68.45%
Max Drawdown (10Y) Largest decline over 10 years	-81.66%	-13.54%	-68.12%
Current Drawdown Current decline from peak	-16.25%	-8.94%	-7.31%
Average Drawdown Average peak-to-trough decline	-18.52%	-6.37%	-12.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.33%	2.01%	+9.32%

Volatility

TQQQ vs. LCSIX - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 20.42% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.18%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQQ	LCSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.42%	1.18%	+19.24%
Volatility (6M) Calculated over the trailing 6-month period	39.33%	5.23%	+34.10%
Volatility (1Y) Calculated over the trailing 1-year period	49.81%	6.20%	+43.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.79%	5.51%	+61.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.11%	6.67%	+59.44%

TQQQ vs. LCSIX - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is lower than LCSIX's 1.75% expense ratio.

Dividends

TQQQ vs. LCSIX - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.43%, less than LCSIX's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.26%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%
TQQQ ProShares UltraPro QQQ	0.43%	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 LCSIX in my portfolio?

TQQQ and LCSIX 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.

Which is riskier, TQQQ or LCSIX?

TQQQ has higher volatility (20.42%) compared to LCSIX (1.18%). In terms of maximum drawdown, TQQQ dropped -81.66% vs LCSIX's -25.13%.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.10 vs 0.43), 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.