TSLA vs. TQQQ
Compare and contrast key facts about Tesla, Inc. (TSLA) and ProShares UltraPro QQQ (TQQQ).
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: TSLA or TQQQ.
Performance
TSLA vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, TSLA achieves a 37.65% return, which is significantly lower than TQQQ's 53.90% return. Both investments have delivered pretty close results over the past 10 years, with TSLA having a 35.76% annualized return and TQQQ not far behind at 34.56%.
TSLA
37.65%
56.29%
89.90%
41.80%
73.10%
35.76%
TQQQ
53.90%
2.86%
20.48%
78.56%
34.01%
34.56%
Key characteristics
| TSLA | TQQQ | |
|---|---|---|
| Sharpe Ratio | 0.74 | 1.45 |
| Sortino Ratio | 1.49 | 1.93 |
| Omega Ratio | 1.18 | 1.26 |
| Calmar Ratio | 0.69 | 1.47 |
| Martin Ratio | 1.97 | 6.04 |
| Ulcer Index | 22.88% | 12.47% |
| Daily Std Dev | 61.25% | 51.83% |
| Max Drawdown | -73.63% | -81.66% |
| Current Drawdown | -16.57% | -9.94% |
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Correlation
The correlation between TSLA and TQQQ 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.
Risk-Adjusted Performance
TSLA vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) and ProShares UltraPro QQQ (TQQQ). 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
TSLA vs. TQQQ - Dividend Comparison
TSLA has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.23% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
TSLA vs. TQQQ - Drawdown Comparison
The maximum TSLA drawdown since its inception was -73.63%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for TSLA and TQQQ. For additional features, visit the drawdowns tool.
Volatility
TSLA vs. TQQQ - Volatility Comparison
Tesla, Inc. (TSLA) has a higher volatility of 28.99% compared to ProShares UltraPro QQQ (TQQQ) at 17.03%. This indicates that TSLA's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.