UDOW vs. TQQQ
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and ProShares UltraPro QQQ (TQQQ).
UDOW and TQQQ 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. 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. Both UDOW and TQQQ 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 TQQQ.
Performance
UDOW vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 42.45% return, which is significantly lower than TQQQ's 55.41% return. Over the past 10 years, UDOW has underperformed TQQQ with an annualized return of 20.32%, while TQQQ has yielded a comparatively higher 34.39% annualized return.
UDOW
42.45%
5.47%
33.48%
72.29%
13.47%
20.32%
TQQQ
55.41%
3.57%
23.50%
78.24%
34.24%
34.39%
Key characteristics
| UDOW | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.27 | 1.55 |
| Sortino Ratio | 2.86 | 2.01 |
| Omega Ratio | 1.37 | 1.27 |
| Calmar Ratio | 2.62 | 1.57 |
| Martin Ratio | 12.04 | 6.44 |
| Ulcer Index | 6.21% | 12.48% |
| Daily Std Dev | 32.93% | 51.79% |
| Max Drawdown | -80.29% | -81.66% |
| Current Drawdown | -2.96% | -9.06% |
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UDOW vs. TQQQ - Expense Ratio Comparison
Both UDOW and TQQQ have an expense ratio of 0.95%.
Correlation
The correlation between UDOW and TQQQ 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. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) 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
UDOW vs. TQQQ - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.85%, less than TQQQ's 1.22% 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% |
TQQQ ProShares UltraPro QQQ | 1.22% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
UDOW vs. TQQQ - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UDOW and TQQQ. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. TQQQ - Volatility Comparison
The current volatility for ProShares UltraPro Dow30 (UDOW) is 13.11%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.26%. This indicates that UDOW experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.