UYM vs. QQQ
Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and Invesco QQQ (QQQ).
UYM and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (200%). It was launched on Jan 30, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both UYM and QQQ 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: UYM or QQQ.
Key characteristics
| UYM | QQQ | |
|---|---|---|
| YTD Return | 11.79% | 25.63% |
| 1Y Return | 29.73% | 33.85% |
| 3Y Return (Ann) | 0.40% | 9.83% |
| 5Y Return (Ann) | 13.77% | 21.21% |
| 10Y Return (Ann) | 8.46% | 18.37% |
| Sharpe Ratio | 1.38 | 2.12 |
| Sortino Ratio | 1.88 | 2.79 |
| Omega Ratio | 1.23 | 1.38 |
| Calmar Ratio | 1.27 | 2.71 |
| Martin Ratio | 5.86 | 9.88 |
| Ulcer Index | 6.36% | 3.72% |
| Daily Std Dev | 27.12% | 17.31% |
| Max Drawdown | -92.77% | -82.98% |
| Current Drawdown | -10.46% | -0.37% |
Correlation
The correlation between UYM and QQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UYM vs. QQQ - Performance Comparison
In the year-to-date period, UYM achieves a 11.79% return, which is significantly lower than QQQ's 25.63% return. Over the past 10 years, UYM has underperformed QQQ with an annualized return of 8.46%, while QQQ has yielded a comparatively higher 18.37% 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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UYM vs. QQQ - Expense Ratio Comparison
UYM has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
UYM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and Invesco QQQ (QQQ). 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
UYM vs. QQQ - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 0.75%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 0.75% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% | 4.20% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
UYM vs. QQQ - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UYM and QQQ. For additional features, visit the drawdowns tool.
Volatility
UYM vs. QQQ - Volatility Comparison
ProShares Ultra Basic Materials (UYM) has a higher volatility of 7.54% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that UYM's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.