TTOO vs. TQQQ
Compare and contrast key facts about T2 Biosystems, Inc. (TTOO) 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: TTOO or TQQQ.
Key characteristics
| TTOO | TQQQ | |
|---|---|---|
| YTD Return | -91.65% | 63.76% |
| 1Y Return | -87.58% | 106.42% |
| 3Y Return (Ann) | -94.79% | 0.86% |
| 5Y Return (Ann) | -85.36% | 35.83% |
| 10Y Return (Ann) | -69.76% | 35.69% |
| Sharpe Ratio | -0.72 | 2.03 |
| Sortino Ratio | -1.90 | 2.40 |
| Omega Ratio | 0.80 | 1.33 |
| Calmar Ratio | -0.89 | 1.95 |
| Martin Ratio | -1.79 | 8.43 |
| Ulcer Index | 49.65% | 12.40% |
| Daily Std Dev | 123.17% | 51.63% |
| Max Drawdown | -100.00% | -81.66% |
| Current Drawdown | -100.00% | -4.17% |
Correlation
The correlation between TTOO and TQQQ is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TTOO vs. TQQQ - Performance Comparison
In the year-to-date period, TTOO achieves a -91.65% return, which is significantly lower than TQQQ's 63.76% return. Over the past 10 years, TTOO has underperformed TQQQ with an annualized return of -69.76%, while TQQQ has yielded a comparatively higher 35.69% annualized 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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Risk-Adjusted Performance
TTOO vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T2 Biosystems, Inc. (TTOO) 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
TTOO vs. TQQQ - Dividend Comparison
TTOO has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TTOO T2 Biosystems, 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 | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
TTOO vs. TQQQ - Drawdown Comparison
The maximum TTOO drawdown since its inception was -100.00%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for TTOO and TQQQ. For additional features, visit the drawdowns tool.
Volatility
TTOO vs. TQQQ - Volatility Comparison
T2 Biosystems, Inc. (TTOO) has a higher volatility of 33.79% compared to ProShares UltraPro QQQ (TQQQ) at 15.36%. This indicates that TTOO'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.