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.
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
Key characteristics
TTOO:
-0.83
TQQQ:
1.30
TTOO:
-2.82
TQQQ:
1.79
TTOO:
0.70
TQQQ:
1.23
TTOO:
-0.94
TQQQ:
1.65
TTOO:
-1.61
TQQQ:
5.45
TTOO:
58.38%
TQQQ:
12.95%
TTOO:
113.12%
TQQQ:
54.42%
TTOO:
-100.00%
TQQQ:
-81.66%
TTOO:
-100.00%
TQQQ:
-10.58%
Returns By Period
In the year-to-date period, TTOO achieves a -38.10% return, which is significantly lower than TQQQ's 5.07% return. Over the past 10 years, TTOO has underperformed TQQQ with an annualized return of -72.71%, while TQQQ has yielded a comparatively higher 36.57% annualized return.
TTOO
-38.10%
-25.71%
-94.87%
-94.22%
-86.59%
-72.71%
TQQQ
5.07%
1.62%
17.77%
63.52%
28.19%
36.57%
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Risk-Adjusted Performance
TTOO vs. TQQQ — Risk-Adjusted Performance Rank
TTOO
TQQQ
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 1.21%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ProShares UltraPro QQQ | 1.21% | 1.27% | 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 30.25% compared to ProShares UltraPro QQQ (TQQQ) at 19.41%. 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.