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UVXY vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

UVXY vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra VIX Short-Term Futures ETF (UVXY) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
18.17%
UVXY
TQQQ

Returns By Period

In the year-to-date period, UVXY achieves a -50.52% return, which is significantly lower than TQQQ's 51.05% return. Over the past 10 years, UVXY has underperformed TQQQ with an annualized return of -66.06%, while TQQQ has yielded a comparatively higher 34.34% annualized return.


UVXY

YTD

-50.52%

1M

-19.60%

6M

-17.54%

1Y

-62.55%

5Y (annualized)

-69.88%

10Y (annualized)

-66.06%

TQQQ

YTD

51.05%

1M

1.51%

6M

18.78%

1Y

78.21%

5Y (annualized)

33.37%

10Y (annualized)

34.34%

Key characteristics


UVXYTQQQ
Sharpe Ratio-0.571.51
Sortino Ratio-0.721.97
Omega Ratio0.921.26
Calmar Ratio-0.631.53
Martin Ratio-1.356.29
Ulcer Index46.87%12.45%
Daily Std Dev110.93%52.01%
Max Drawdown-100.00%-81.66%
Current Drawdown-100.00%-11.61%

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UVXY vs. TQQQ - Expense Ratio Comparison

Both UVXY and TQQQ have an expense ratio of 0.95%.


UVXY
ProShares Ultra VIX Short-Term Futures ETF
Expense ratio chart for UVXY: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.0-0.5

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.

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.


Sharpe ratio
The chart of Sharpe ratio for UVXY, currently valued at -0.57, compared to the broader market0.002.004.00-0.571.51
The chart of Sortino ratio for UVXY, currently valued at -0.72, compared to the broader market-2.000.002.004.006.008.0010.00-0.721.97
The chart of Omega ratio for UVXY, currently valued at 0.92, compared to the broader market0.501.001.502.002.503.000.921.26
The chart of Calmar ratio for UVXY, currently valued at -0.63, compared to the broader market0.005.0010.0015.00-0.631.53
The chart of Martin ratio for UVXY, currently valued at -1.35, compared to the broader market0.0020.0040.0060.0080.00100.00-1.356.29
UVXY
TQQQ

The current UVXY Sharpe Ratio is -0.57, which is lower than the TQQQ Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of UVXY and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.57
1.51
UVXY
TQQQ

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 1.26%.


TTM2023202220212020201920182017201620152014
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
1.26%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
-11.61%
UVXY
TQQQ

Volatility

UVXY vs. TQQQ - Volatility Comparison

ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a higher volatility of 29.30% compared to ProShares UltraPro QQQ (TQQQ) at 16.92%. 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.


0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
29.30%
16.92%
UVXY
TQQQ