UDOW vs. QQQ
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and Invesco QQQ (QQQ).
UDOW and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (300%). It was launched on Feb 9, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both UDOW and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UDOW or QQQ.
Performance
UDOW vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 42.45% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, UDOW has outperformed QQQ with an annualized return of 20.32%, while QQQ has yielded a comparatively lower 18.03% annualized return.
UDOW
42.45%
5.47%
33.48%
72.29%
13.47%
20.32%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| UDOW | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.27 | 1.78 |
| Sortino Ratio | 2.86 | 2.37 |
| Omega Ratio | 1.37 | 1.32 |
| Calmar Ratio | 2.62 | 2.28 |
| Martin Ratio | 12.04 | 8.27 |
| Ulcer Index | 6.21% | 3.73% |
| Daily Std Dev | 32.93% | 17.37% |
| Max Drawdown | -80.29% | -82.98% |
| Current Drawdown | -2.96% | -1.78% |
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UDOW vs. QQQ - Expense Ratio Comparison
UDOW has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between UDOW and QQQ is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
UDOW vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and Invesco QQQ (QQQ). 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
UDOW vs. QQQ - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.85%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 0.85% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
UDOW vs. QQQ - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UDOW and QQQ. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. QQQ - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) has a higher volatility of 13.11% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that UDOW's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.