PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
TTOO vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.2

Performance

TTOO vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T2 Biosystems, Inc. (TTOO) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-500.00%0.00%500.00%1,000.00%1,500.00%2,000.00%2,500.00%3,000.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
2,649.79%
TTOO
TQQQ

Key characteristics

Sharpe Ratio

TTOO:

-0.76

TQQQ:

1.37

Sortino Ratio

TTOO:

-2.47

TQQQ:

1.84

Omega Ratio

TTOO:

0.74

TQQQ:

1.25

Calmar Ratio

TTOO:

-0.93

TQQQ:

1.55

Martin Ratio

TTOO:

-1.61

TQQQ:

5.79

Ulcer Index

TTOO:

58.19%

TQQQ:

12.58%

Daily Std Dev

TTOO:

123.63%

TQQQ:

53.25%

Max Drawdown

TTOO:

-100.00%

TQQQ:

-81.66%

Current Drawdown

TTOO:

-100.00%

TQQQ:

-11.00%

Returns By Period

In the year-to-date period, TTOO achieves a -94.42% return, which is significantly lower than TQQQ's 65.52% return. Over the past 10 years, TTOO has underperformed TQQQ with an annualized return of -71.44%, while TQQQ has yielded a comparatively higher 35.36% annualized return.


TTOO

YTD

-94.42%

1M

-17.80%

6M

-94.10%

1Y

-93.30%

5Y*

-85.53%

10Y*

-71.44%

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for TTOO, currently valued at -0.76, compared to the broader market-4.00-2.000.002.00-0.761.37
The chart of Sortino ratio for TTOO, currently valued at -2.47, compared to the broader market-4.00-2.000.002.004.00-2.471.84
The chart of Omega ratio for TTOO, currently valued at 0.74, compared to the broader market0.501.001.502.000.741.25
The chart of Calmar ratio for TTOO, currently valued at -0.93, compared to the broader market0.002.004.006.00-0.931.55
The chart of Martin ratio for TTOO, currently valued at -1.60, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.615.79
TTOO
TQQQ

The current TTOO Sharpe Ratio is -0.76, which is lower than the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of TTOO and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.76
1.37
TTOO
TQQQ

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 0.88%.


TTM2023202220212020201920182017201620152014
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
0.88%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
-11.00%
TTOO
TQQQ

Volatility

TTOO vs. TQQQ - Volatility Comparison

T2 Biosystems, Inc. (TTOO) has a higher volatility of 37.43% compared to ProShares UltraPro QQQ (TQQQ) at 16.08%. 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.


10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
37.43%
16.08%
TTOO
TQQQ
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab