VTEI vs. TQQQ
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and ProShares UltraPro QQQ (TQQQ).
VTEI and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 2024. 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 VTEI 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: VTEI or TQQQ.
Correlation
The correlation between VTEI and TQQQ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VTEI vs. TQQQ - Performance Comparison
Key characteristics
VTEI:
0.90
TQQQ:
0.94
VTEI:
1.27
TQQQ:
1.45
VTEI:
1.17
TQQQ:
1.19
VTEI:
1.20
TQQQ:
1.20
VTEI:
3.07
TQQQ:
3.90
VTEI:
0.80%
TQQQ:
13.18%
VTEI:
2.73%
TQQQ:
54.76%
VTEI:
-2.06%
TQQQ:
-81.66%
VTEI:
-0.26%
TQQQ:
-9.97%
Returns By Period
In the year-to-date period, VTEI achieves a 0.86% return, which is significantly lower than TQQQ's 5.79% return.
VTEI
0.86%
0.87%
0.73%
2.49%
N/A
N/A
TQQQ
5.79%
-4.66%
19.47%
41.08%
26.34%
34.07%
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VTEI vs. TQQQ - Expense Ratio Comparison
VTEI has a 0.08% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
VTEI vs. TQQQ — Risk-Adjusted Performance Rank
VTEI
TQQQ
VTEI vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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
VTEI vs. TQQQ - Dividend Comparison
VTEI's dividend yield for the trailing twelve months is around 2.87%, more than TQQQ's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 2.87% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.20% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
VTEI vs. TQQQ - Drawdown Comparison
The maximum VTEI drawdown since its inception was -2.06%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for VTEI and TQQQ. For additional features, visit the drawdowns tool.
Volatility
VTEI vs. TQQQ - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is 0.76%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.21%. This indicates that VTEI 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.