UOPIX vs. TQQQ
Compare and contrast key facts about ProFunds UltraNASDAQ-100 Fund (UOPIX) and ProShares UltraPro QQQ (TQQQ).
UOPIX is managed by ProFunds. It was launched on Nov 30, 1997. 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: UOPIX or TQQQ.
Correlation
The correlation between UOPIX and TQQQ is 0.99, 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.
Performance
UOPIX vs. TQQQ - Performance Comparison
Key characteristics
UOPIX:
-0.12
TQQQ:
-0.24
UOPIX:
0.17
TQQQ:
0.13
UOPIX:
1.02
TQQQ:
1.02
UOPIX:
-0.14
TQQQ:
-0.31
UOPIX:
-0.46
TQQQ:
-0.93
UOPIX:
12.95%
TQQQ:
19.28%
UOPIX:
49.92%
TQQQ:
73.79%
UOPIX:
-98.91%
TQQQ:
-81.66%
UOPIX:
-35.53%
TQQQ:
-51.29%
Returns By Period
In the year-to-date period, UOPIX achieves a -28.37% return, which is significantly higher than TQQQ's -42.76% return. Over the past 10 years, UOPIX has underperformed TQQQ with an annualized return of 22.25%, while TQQQ has yielded a comparatively higher 26.31% annualized return.
UOPIX
-28.37%
-16.96%
-24.82%
-2.38%
21.67%
22.25%
TQQQ
-42.76%
-27.23%
-39.12%
-13.24%
23.05%
26.31%
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UOPIX vs. TQQQ - Expense Ratio Comparison
UOPIX has a 1.47% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
UOPIX vs. TQQQ — Risk-Adjusted Performance Rank
UOPIX
TQQQ
UOPIX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraNASDAQ-100 Fund (UOPIX) 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
UOPIX vs. TQQQ - Dividend Comparison
UOPIX's dividend yield for the trailing twelve months is around 0.58%, less than TQQQ's 2.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 0.58% | 0.41% | 0.00% | 5.64% | 14.22% | 9.78% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 2.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
UOPIX vs. TQQQ - Drawdown Comparison
The maximum UOPIX drawdown since its inception was -98.91%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UOPIX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
UOPIX vs. TQQQ - Volatility Comparison
The current volatility for ProFunds UltraNASDAQ-100 Fund (UOPIX) is 31.76%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. This indicates that UOPIX 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.