UPRO vs. TQQQ
Compare and contrast key facts about ProShares UltraPro S&P 500 (UPRO) and ProShares UltraPro QQQ (TQQQ).
UPRO and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. 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 UPRO 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: UPRO or TQQQ.
Key characteristics
| UPRO | TQQQ | |
|---|---|---|
| YTD Return | 64.91% | 48.06% |
| 1Y Return | 93.02% | 74.81% |
| 3Y Return (Ann) | 7.44% | -3.14% |
| 5Y Return (Ann) | 23.82% | 32.55% |
| 10Y Return (Ann) | 23.95% | 34.14% |
| Sharpe Ratio | 2.57 | 1.45 |
| Sortino Ratio | 2.96 | 1.92 |
| Omega Ratio | 1.41 | 1.26 |
| Calmar Ratio | 2.40 | 1.47 |
| Martin Ratio | 15.45 | 6.04 |
| Ulcer Index | 6.05% | 12.43% |
| Daily Std Dev | 36.42% | 51.88% |
| Max Drawdown | -76.82% | -81.66% |
| Current Drawdown | -6.63% | -13.36% |
Correlation
The correlation between UPRO and TQQQ is 0.90, 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
UPRO vs. TQQQ - Performance Comparison
In the year-to-date period, UPRO achieves a 64.91% return, which is significantly higher than TQQQ's 48.06% return. Over the past 10 years, UPRO has underperformed TQQQ with an annualized return of 23.95%, while TQQQ has yielded a comparatively higher 34.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UPRO vs. TQQQ - Expense Ratio Comparison
UPRO has a 0.92% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
UPRO vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) 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
UPRO vs. TQQQ - Dividend Comparison
UPRO's dividend yield for the trailing twelve months is around 0.76%, less than TQQQ's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 0.76% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
TQQQ ProShares UltraPro QQQ | 1.28% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
UPRO vs. TQQQ - Drawdown Comparison
The maximum UPRO drawdown since its inception was -76.82%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UPRO and TQQQ. For additional features, visit the drawdowns tool.
Volatility
UPRO vs. TQQQ - Volatility Comparison
The current volatility for ProShares UltraPro S&P 500 (UPRO) is 12.26%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. This indicates that UPRO 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.