TQQQ vs. UDOW
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and ProShares UltraPro Dow30 (UDOW).
TQQQ and UDOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. UDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (300%). It was launched on Feb 9, 2010. Both TQQQ and UDOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQQQ or UDOW.
Correlation
The correlation between TQQQ and UDOW is 0.92, 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. UDOW - Performance Comparison
Key characteristics
TQQQ:
0.02
UDOW:
-0.05
TQQQ:
0.56
UDOW:
0.30
TQQQ:
1.08
UDOW:
1.04
TQQQ:
0.03
UDOW:
-0.05
TQQQ:
0.08
UDOW:
-0.17
TQQQ:
20.60%
UDOW:
13.64%
TQQQ:
74.96%
UDOW:
50.81%
TQQQ:
-81.66%
UDOW:
-80.29%
TQQQ:
-41.95%
UDOW:
-34.75%
Returns By Period
In the year-to-date period, TQQQ achieves a -31.78% return, which is significantly lower than UDOW's -21.95% return. Over the past 10 years, TQQQ has outperformed UDOW with an annualized return of 28.25%, while UDOW has yielded a comparatively lower 15.87% annualized return.
TQQQ
-31.78%
-6.14%
-27.61%
-1.34%
26.54%
28.25%
UDOW
-21.95%
-13.71%
-22.78%
-0.50%
21.97%
15.87%
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TQQQ vs. UDOW - Expense Ratio Comparison
Both TQQQ and UDOW have an expense ratio of 0.95%.
Risk-Adjusted Performance
TQQQ vs. UDOW — Risk-Adjusted Performance Rank
TQQQ
UDOW
TQQQ vs. UDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and ProShares UltraPro Dow30 (UDOW). 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. UDOW - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 1.83%, more than UDOW's 1.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.83% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
UDOW ProShares UltraPro Dow30 | 1.47% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% |
Drawdowns
TQQQ vs. UDOW - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum UDOW drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for TQQQ and UDOW. For additional features, visit the drawdowns tool.
Volatility
TQQQ vs. UDOW - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 48.65% compared to ProShares UltraPro Dow30 (UDOW) at 35.94%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than UDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.