Correlation
The correlation between UPGD and TQQQ is 0.84, 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.
UPGD vs. TQQQ
Compare and contrast key facts about Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and ProShares UltraPro QQQ (TQQQ).
UPGD and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPGD is a passively managed fund by Invesco that tracks the performance of the Bloomberg ANR Improvers Index - Benchmark TR Gross. It was launched on May 19, 2006. 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 UPGD 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: UPGD or TQQQ.
Performance
UPGD vs. TQQQ - Performance Comparison
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Key characteristics
UPGD:
0.65
TQQQ:
0.18
UPGD:
0.94
TQQQ:
0.68
UPGD:
1.13
TQQQ:
1.09
UPGD:
0.56
TQQQ:
0.13
UPGD:
1.88
TQQQ:
0.33
UPGD:
4.98%
TQQQ:
22.59%
UPGD:
15.79%
TQQQ:
75.89%
UPGD:
-60.74%
TQQQ:
-81.66%
UPGD:
-5.74%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, UPGD achieves a 1.89% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, UPGD has underperformed TQQQ with an annualized return of 7.50%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
UPGD
1.89%
3.94%
-5.74%
8.94%
8.88%
14.93%
7.50%
TQQQ
-11.28%
23.30%
-11.83%
13.44%
30.10%
28.60%
31.28%
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UPGD vs. TQQQ - Expense Ratio Comparison
UPGD has a 0.40% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
UPGD vs. TQQQ — Risk-Adjusted Performance Rank
UPGD
TQQQ
UPGD vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) 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.
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Dividends
UPGD vs. TQQQ - Dividend Comparison
UPGD's dividend yield for the trailing twelve months is around 1.25%, less than TQQQ's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPGD Invesco Bloomberg Analyst Rating Improvers ETF | 1.25% | 1.28% | 1.39% | 0.72% | 0.52% | 0.28% | 0.20% | 1.43% | 0.00% | 1.55% | 0.92% | 0.26% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
UPGD vs. TQQQ - Drawdown Comparison
The maximum UPGD drawdown since its inception was -60.74%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UPGD and TQQQ.
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Volatility
UPGD vs. TQQQ - Volatility Comparison
The current volatility for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is 4.82%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that UPGD 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.
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