TQQQ vs. TSLA
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and Tesla, Inc. (TSLA).
TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQQQ or TSLA.
Correlation
The correlation between TQQQ and TSLA is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TQQQ vs. TSLA - Performance Comparison
Key characteristics
TQQQ:
1.37
TSLA:
1.12
TQQQ:
1.84
TSLA:
1.90
TQQQ:
1.25
TSLA:
1.23
TQQQ:
1.55
TSLA:
1.08
TQQQ:
5.79
TSLA:
3.07
TQQQ:
12.58%
TSLA:
22.90%
TQQQ:
53.25%
TSLA:
62.85%
TQQQ:
-81.66%
TSLA:
-73.63%
TQQQ:
-11.00%
TSLA:
-12.25%
Returns By Period
In the year-to-date period, TQQQ achieves a 65.52% return, which is significantly lower than TSLA's 69.45% return. Over the past 10 years, TQQQ has underperformed TSLA with an annualized return of 35.36%, while TSLA has yielded a comparatively higher 39.86% annualized return.
TQQQ
65.52%
6.50%
12.39%
66.67%
32.06%
35.36%
TSLA
69.45%
23.97%
130.07%
66.73%
72.25%
39.86%
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Risk-Adjusted Performance
TQQQ vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Tesla, Inc. (TSLA). 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.
Dividends
TQQQ vs. TSLA - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.88%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.88% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TQQQ vs. TSLA - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TQQQ and TSLA. For additional features, visit the drawdowns tool.
Volatility
TQQQ vs. TSLA - Volatility Comparison
The current volatility for ProShares UltraPro QQQ (TQQQ) is 16.08%, while Tesla, Inc. (TSLA) has a volatility of 17.10%. This indicates that TQQQ experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.