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TQQQ vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TQQQ and QQQ is 0.90, 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.


Performance

TQQQ vs. QQQ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

TQQQ:

0.17

QQQ:

0.61

Sortino Ratio

TQQQ:

0.89

QQQ:

1.14

Omega Ratio

TQQQ:

1.12

QQQ:

1.16

Calmar Ratio

TQQQ:

0.35

QQQ:

0.79

Martin Ratio

TQQQ:

0.91

QQQ:

2.57

Ulcer Index

TQQQ:

22.05%

QQQ:

6.98%

Daily Std Dev

TQQQ:

75.62%

QQQ:

25.50%

Max Drawdown

TQQQ:

-81.66%

QQQ:

-82.98%

Current Drawdown

TQQQ:

-23.87%

QQQ:

-3.61%

Returns By Period

In the year-to-date period, TQQQ achieves a -10.54% return, which is significantly lower than QQQ's 1.72% return. Over the past 10 years, TQQQ has outperformed QQQ with an annualized return of 31.45%, while QQQ has yielded a comparatively lower 17.74% annualized return.


TQQQ

YTD

-10.54%

1M

41.76%

6M

-11.29%

1Y

12.69%

5Y*

32.25%

10Y*

31.45%

QQQ

YTD

1.72%

1M

13.38%

6M

2.39%

1Y

15.35%

5Y*

19.20%

10Y*

17.74%

*Annualized

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TQQQ vs. QQQ - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Risk-Adjusted Performance

TQQQ vs. QQQ — Risk-Adjusted Performance Rank

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

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 4242
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 5555
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 5555
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 4343
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 3333
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6767
Overall Rank
The Sharpe Ratio Rank of QQQ is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6969
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6969
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 7474
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TQQQ vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Invesco QQQ (QQQ). 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.


The current TQQQ Sharpe Ratio is 0.17, which is lower than the QQQ Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of TQQQ and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

TQQQ vs. QQQ - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 1.40%, more than QQQ's 0.58% yield.


TTM20242023202220212020201920182017201620152014
TQQQ
ProShares UltraPro QQQ
1.40%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%
QQQ
Invesco QQQ
0.58%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

TQQQ vs. QQQ - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TQQQ and QQQ. For additional features, visit the drawdowns tool.


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Volatility

TQQQ vs. QQQ - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 22.30% compared to Invesco QQQ (QQQ) at 7.54%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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