UVXY vs. TQQQ
Compare and contrast key facts about ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares UltraPro QQQ (TQQQ).
UVXY and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. 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 UVXY 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: UVXY or TQQQ.
Key characteristics
| UVXY | TQQQ | |
|---|---|---|
| YTD Return | -52.56% | 63.05% |
| 1Y Return | -66.80% | 93.36% |
| 3Y Return (Ann) | -70.37% | 0.71% |
| 5Y Return (Ann) | -69.98% | 35.20% |
| 10Y Return (Ann) | -66.18% | 35.62% |
| Sharpe Ratio | -0.61 | 2.04 |
| Sortino Ratio | -0.91 | 2.42 |
| Omega Ratio | 0.90 | 1.33 |
| Calmar Ratio | -0.67 | 2.06 |
| Martin Ratio | -1.38 | 8.51 |
| Ulcer Index | 48.86% | 12.40% |
| Daily Std Dev | 110.14% | 51.62% |
| Max Drawdown | -100.00% | -81.66% |
| Current Drawdown | -100.00% | -4.59% |
Correlation
The correlation between UVXY and TQQQ is -0.53. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UVXY vs. TQQQ - Performance Comparison
In the year-to-date period, UVXY achieves a -52.56% return, which is significantly lower than TQQQ's 63.05% return. Over the past 10 years, UVXY has underperformed TQQQ with an annualized return of -66.18%, while TQQQ has yielded a comparatively higher 35.62% 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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UVXY vs. TQQQ - Expense Ratio Comparison
Both UVXY and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
UVXY vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra VIX Short-Term Futures ETF (UVXY) 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
UVXY vs. TQQQ - Dividend Comparison
UVXY has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
UVXY vs. TQQQ - Drawdown Comparison
The maximum UVXY drawdown since its inception was -100.00%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UVXY and TQQQ. For additional features, visit the drawdowns tool.
Volatility
UVXY vs. TQQQ - Volatility Comparison
ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 26.62% compared to ProShares UltraPro QQQ (TQQQ) at 14.68%. This indicates that UVXY'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.