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

Key characteristics


TQQQQQQ
YTD Return48.25%20.94%
1Y Return95.99%34.71%
3Y Return (Ann)6.45%11.71%
5Y Return (Ann)37.25%21.74%
10Y Return (Ann)37.86%18.97%
Sharpe Ratio1.892.02
Sortino Ratio2.292.66
Omega Ratio1.301.35
Calmar Ratio1.542.56
Martin Ratio8.089.27
Ulcer Index12.28%3.83%
Daily Std Dev52.44%17.58%
Max Drawdown-81.66%-82.98%
Current Drawdown-13.24%-1.81%

Correlation

-0.50.00.51.01.0

The correlation between TQQQ and QQQ is 1.00, 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

In the year-to-date period, TQQQ achieves a 48.25% return, which is significantly higher than QQQ's 20.94% return. Over the past 10 years, TQQQ has outperformed QQQ with an annualized return of 37.86%, while QQQ has yielded a comparatively lower 18.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%MayJuneJulyAugustSeptemberOctober
21.39%
11.06%
TQQQ
QQQ

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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.


TQQQ
ProShares UltraPro QQQ
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

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.


TQQQ
Sharpe ratio
The chart of Sharpe ratio for TQQQ, currently valued at 1.89, compared to the broader market0.002.004.001.89
Sortino ratio
The chart of Sortino ratio for TQQQ, currently valued at 2.29, compared to the broader market-2.000.002.004.006.008.0010.0012.002.29
Omega ratio
The chart of Omega ratio for TQQQ, currently valued at 1.30, compared to the broader market1.001.502.002.503.001.30
Calmar ratio
The chart of Calmar ratio for TQQQ, currently valued at 1.54, compared to the broader market0.005.0010.0015.001.54
Martin ratio
The chart of Martin ratio for TQQQ, currently valued at 8.08, compared to the broader market0.0020.0040.0060.0080.00100.008.08
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.02, compared to the broader market0.002.004.002.02
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 2.66, compared to the broader market-2.000.002.004.006.008.0010.0012.002.66
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.35, compared to the broader market1.001.502.002.503.001.35
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.56, compared to the broader market0.005.0010.0015.002.56
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 9.27, compared to the broader market0.0020.0040.0060.0080.00100.009.27

TQQQ vs. QQQ - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 1.89, which roughly equals the QQQ Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of TQQQ and QQQ, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50MayJuneJulyAugustSeptemberOctober
1.89
2.02
TQQQ
QQQ

Dividends

TQQQ vs. QQQ - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 1.28%, more than QQQ's 0.62% yield.


TTM20232022202120202019201820172016201520142013
TQQQ
ProShares UltraPro QQQ
1.28%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%0.00%
QQQ
Invesco QQQ
0.62%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.01%

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.


-40.00%-30.00%-20.00%-10.00%0.00%MayJuneJulyAugustSeptemberOctober
-13.24%
-1.81%
TQQQ
QQQ

Volatility

TQQQ vs. QQQ - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 13.03% compared to Invesco QQQ (QQQ) at 4.40%. 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.


5.00%10.00%15.00%20.00%25.00%MayJuneJulyAugustSeptemberOctober
13.03%
4.40%
TQQQ
QQQ