USD vs. TQQQ
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and ProShares UltraPro QQQ (TQQQ).
USD and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. 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 USD 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: USD or TQQQ.
Performance
USD vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, USD achieves a 149.43% return, which is significantly higher than TQQQ's 54.08% return. Over the past 10 years, USD has outperformed TQQQ with an annualized return of 46.55%, while TQQQ has yielded a comparatively lower 34.59% annualized return.
USD
149.43%
-0.07%
30.09%
179.44%
59.63%
46.55%
TQQQ
54.08%
3.55%
20.54%
75.53%
34.11%
34.59%
Key characteristics
| USD | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.38 | 1.57 |
| Sortino Ratio | 2.61 | 2.03 |
| Omega Ratio | 1.34 | 1.27 |
| Calmar Ratio | 3.97 | 1.60 |
| Martin Ratio | 10.43 | 6.56 |
| Ulcer Index | 18.19% | 12.46% |
| Daily Std Dev | 79.68% | 51.94% |
| Max Drawdown | -87.93% | -81.66% |
| Current Drawdown | -17.53% | -9.84% |
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USD vs. TQQQ - Expense Ratio Comparison
Both USD and TQQQ have an expense ratio of 0.95%.
Correlation
The correlation between USD and TQQQ is 0.82, 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
USD vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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
USD vs. TQQQ - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.04%, less than TQQQ's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.04% | 0.10% | 0.59% | 0.00% | 0.20% | 1.29% | 1.66% | 0.48% | 7.43% | 0.79% | 3.53% | 0.92% |
TQQQ ProShares UltraPro QQQ | 1.23% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
USD vs. TQQQ - Drawdown Comparison
The maximum USD drawdown since its inception was -87.93%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for USD and TQQQ. For additional features, visit the drawdowns tool.
Volatility
USD vs. TQQQ - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 19.15% compared to ProShares UltraPro QQQ (TQQQ) at 17.03%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.