WULF vs. TQQQ
WULF (TeraWulf Inc.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 3 years, WULF returned 151.93%/yr vs 58.02%/yr for TQQQ. At a 0.41 correlation, their price movements are largely independent.
Performance
WULF vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, WULF achieves a 150.48% return, which is significantly higher than TQQQ's 41.43% return.
WULF
- 1D
- 1.66%
- 1M
- 26.12%
- YTD
- 150.48%
- 6M
- 131.72%
- 1Y
- 706.16%
- 3Y*
- 151.93%
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- -9.86%
- 1M
- -4.37%
- YTD
- 41.43%
- 6M
- 35.75%
- 1Y
- 100.69%
- 3Y*
- 58.02%
- 5Y*
- 21.47%
- 10Y*
- 45.48%
WULF vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 150.48% | 103.00% | 135.83% | 260.58% | -95.58% | -52.66% |
TQQQ ProShares UltraPro QQQ | 41.43% | 34.35% | 58.27% | 198.04% | -79.09% | 3.78% |
Correlation
The correlation between WULF and TQQQ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.41 |
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Return for Risk
WULF vs. TQQQ — Risk / Return Rank
WULF
TQQQ
WULF vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WULF | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.30 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 22.46 | 2.74 | +19.72 |
| Martin ratioReturn relative to average drawdown | 60.68 | 8.72 | +51.97 |
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Drawdowns
WULF vs. TQQQ - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.30%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for WULF and TQQQ.
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Drawdown Indicators
| WULF | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.30% | -81.66% | -16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.74% | -36.97% | +5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | -58.04% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -9.47% | -14.65% | +5.18% |
Average DrawdownAverage peak-to-trough decline | -81.54% | -18.49% | -63.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 11.59% | +0.13% |
Volatility
WULF vs. TQQQ - Volatility Comparison
The current volatility for TeraWulf Inc. (WULF) is 23.30%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.27%. This indicates that WULF 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.
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Volatility by Period
| WULF | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.30% | 27.27% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 62.43% | 43.35% | +19.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.58% | 53.39% | +52.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.65% | 67.41% | +60.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.65% | 66.32% | +61.33% |
Dividends
WULF vs. TQQQ - Dividend Comparison
WULF has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.42% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WULF and TQQQ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (27.27%) compared to WULF (23.30%). In terms of maximum drawdown, WULF dropped -98.30% vs TQQQ's -81.66%.
WULF currently has the higher Sharpe Ratio (6.76 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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