UYM vs. TQQQ
Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and ProShares UltraPro QQQ (TQQQ).
UYM and TQQQ 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. 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 UYM 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: UYM or TQQQ.
Key characteristics
| UYM | TQQQ | |
|---|---|---|
| YTD Return | 16.14% | 64.96% |
| 1Y Return | 44.80% | 119.79% |
| 3Y Return (Ann) | 2.51% | 0.92% |
| 5Y Return (Ann) | 14.43% | 36.02% |
| 10Y Return (Ann) | 9.01% | 36.15% |
| Sharpe Ratio | 1.58 | 2.20 |
| Sortino Ratio | 2.11 | 2.54 |
| Omega Ratio | 1.26 | 1.34 |
| Calmar Ratio | 1.24 | 2.04 |
| Martin Ratio | 6.78 | 9.24 |
| Ulcer Index | 6.27% | 12.40% |
| Daily Std Dev | 26.99% | 52.07% |
| Max Drawdown | -92.77% | -81.66% |
| Current Drawdown | -6.97% | -3.47% |
Correlation
The correlation between UYM and TQQQ is 0.63, 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. TQQQ - Performance Comparison
In the year-to-date period, UYM achieves a 16.14% return, which is significantly lower than TQQQ's 64.96% return. Over the past 10 years, UYM has underperformed TQQQ with an annualized return of 9.01%, while TQQQ has yielded a comparatively higher 36.15% 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. TQQQ - Expense Ratio Comparison
Both UYM and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
UYM vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) 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
UYM vs. TQQQ - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 0.72%, less than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 0.72% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% | 4.20% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
UYM vs. TQQQ - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UYM and TQQQ. For additional features, visit the drawdowns tool.
Volatility
UYM vs. TQQQ - Volatility Comparison
The current volatility for ProShares Ultra Basic Materials (UYM) is 7.07%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. This indicates that UYM 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.