QQQ vs. TSLL
Compare and contrast key facts about Invesco QQQ (QQQ) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
QQQ and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ or TSLL.
Key characteristics
| QQQ | TSLL | |
|---|---|---|
| YTD Return | 25.79% | 40.93% |
| 1Y Return | 36.91% | 62.73% |
| Sharpe Ratio | 2.11 | 0.63 |
| Sortino Ratio | 2.78 | 1.74 |
| Omega Ratio | 1.38 | 1.21 |
| Calmar Ratio | 2.69 | 0.91 |
| Martin Ratio | 9.81 | 1.99 |
| Ulcer Index | 3.72% | 36.77% |
| Daily Std Dev | 17.32% | 116.77% |
| Max Drawdown | -82.98% | -81.21% |
| Current Drawdown | -0.24% | -22.02% |
Correlation
The correlation between QQQ and TSLL is 0.58, 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
QQQ vs. TSLL - Performance Comparison
In the year-to-date period, QQQ achieves a 25.79% return, which is significantly lower than TSLL's 40.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQQ vs. TSLL - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than TSLL's 1.08% expense ratio.
Risk-Adjusted Performance
QQQ vs. TSLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). 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
QQQ vs. TSLL - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.59%, less than TSLL's 3.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.24% | 4.43% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQ vs. TSLL - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, roughly equal to the maximum TSLL drawdown of -81.21%. Use the drawdown chart below to compare losses from any high point for QQQ and TSLL. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. TSLL - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 5.14%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 52.64%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.