XMMO vs. TQQQ
Compare and contrast key facts about Invesco S&P MidCap Momentum ETF (XMMO) and ProShares UltraPro QQQ (TQQQ).
XMMO and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. 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 XMMO 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: XMMO or TQQQ.
Performance
XMMO vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, XMMO achieves a 42.74% return, which is significantly lower than TQQQ's 48.06% return. Over the past 10 years, XMMO has underperformed TQQQ with an annualized return of 15.79%, while TQQQ has yielded a comparatively higher 34.14% annualized return.
XMMO
42.74%
2.49%
10.77%
56.93%
17.58%
15.79%
TQQQ
48.06%
1.57%
18.83%
74.81%
32.55%
34.14%
Key characteristics
| XMMO | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.83 | 1.45 |
| Sortino Ratio | 3.88 | 1.92 |
| Omega Ratio | 1.47 | 1.26 |
| Calmar Ratio | 4.24 | 1.47 |
| Martin Ratio | 19.22 | 6.04 |
| Ulcer Index | 2.89% | 12.43% |
| Daily Std Dev | 19.59% | 51.88% |
| Max Drawdown | -55.37% | -81.66% |
| Current Drawdown | -3.07% | -13.36% |
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XMMO vs. TQQQ - Expense Ratio Comparison
XMMO has a 0.33% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
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.
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.
Dividends
XMMO vs. TQQQ - Dividend Comparison
XMMO's dividend yield for the trailing twelve months is around 0.31%, less than TQQQ's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMMO Invesco S&P MidCap Momentum ETF | 0.31% | 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 | 1.28% | 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.
Volatility
XMMO vs. TQQQ - Volatility Comparison
The current volatility for Invesco S&P MidCap Momentum ETF (XMMO) is 5.99%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. 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.