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

Correlation

The correlation between XMMO and TQQQ is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

XMMO vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Momentum ETF (XMMO) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%5,000.00%10,000.00%15,000.00%20,000.00%JulyAugustSeptemberOctoberNovemberDecember
744.27%
19,782.66%
XMMO
TQQQ

Key characteristics

Sharpe Ratio

XMMO:

2.06

TQQQ:

1.37

Sortino Ratio

XMMO:

2.88

TQQQ:

1.84

Omega Ratio

XMMO:

1.35

TQQQ:

1.25

Calmar Ratio

XMMO:

4.42

TQQQ:

1.55

Martin Ratio

XMMO:

13.12

TQQQ:

5.79

Ulcer Index

XMMO:

3.13%

TQQQ:

12.58%

Daily Std Dev

XMMO:

19.95%

TQQQ:

53.25%

Max Drawdown

XMMO:

-55.37%

TQQQ:

-81.66%

Current Drawdown

XMMO:

-8.54%

TQQQ:

-11.00%

Returns By Period

In the year-to-date period, XMMO achieves a 39.13% return, which is significantly lower than TQQQ's 65.52% return. Over the past 10 years, XMMO has underperformed TQQQ with an annualized return of 15.39%, while TQQQ has yielded a comparatively higher 35.36% annualized return.


XMMO

YTD

39.13%

1M

-5.74%

6M

9.34%

1Y

38.79%

5Y*

16.34%

10Y*

15.39%

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


XMMO vs. TQQQ - Expense Ratio Comparison

XMMO has a 0.33% expense ratio, which is lower than TQQQ's 0.95% expense ratio.


TQQQ
ProShares UltraPro QQQ
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%
Expense ratio chart for XMMO: current value at 0.33% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.33%

Risk-Adjusted Performance

XMMO vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) 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 XMMO, currently valued at 2.06, compared to the broader market0.002.004.002.061.37
The chart of Sortino ratio for XMMO, currently valued at 2.88, compared to the broader market-2.000.002.004.006.008.0010.002.881.84
The chart of Omega ratio for XMMO, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.001.351.25
The chart of Calmar ratio for XMMO, currently valued at 4.42, compared to the broader market0.005.0010.0015.004.421.55
The chart of Martin ratio for XMMO, currently valued at 13.12, compared to the broader market0.0020.0040.0060.0080.00100.0013.125.79
XMMO
TQQQ

The current XMMO Sharpe Ratio is 2.06, which is higher than the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of XMMO 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.06
1.37
XMMO
TQQQ

Dividends

XMMO vs. TQQQ - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.21%, less than TQQQ's 0.88% yield.


TTM20232022202120202019201820172016201520142013
XMMO
Invesco S&P MidCap Momentum ETF
0.21%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%1.24%1.31%
TQQQ
ProShares UltraPro QQQ
0.88%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%0.00%

Drawdowns

XMMO vs. TQQQ - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for XMMO and TQQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.54%
-11.00%
XMMO
TQQQ

Volatility

XMMO vs. TQQQ - Volatility Comparison

The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 6.12%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.08%. This indicates that XMMO 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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
6.12%
16.08%
XMMO
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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