XPP vs. TQQQ
Compare and contrast key facts about ProShares Ultra FTSE China 50 (XPP) and ProShares UltraPro QQQ (TQQQ).
XPP and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009. 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 XPP 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: XPP or TQQQ.
Key characteristics
| XPP | TQQQ | |
|---|---|---|
| YTD Return | 35.70% | 63.76% |
| 1Y Return | 18.51% | 106.42% |
| 3Y Return (Ann) | -29.66% | 0.86% |
| 5Y Return (Ann) | -19.93% | 35.83% |
| 10Y Return (Ann) | -10.93% | 35.69% |
| Sharpe Ratio | 0.33 | 2.03 |
| Sortino Ratio | 0.96 | 2.40 |
| Omega Ratio | 1.12 | 1.33 |
| Calmar Ratio | 0.24 | 1.95 |
| Martin Ratio | 0.96 | 8.43 |
| Ulcer Index | 22.73% | 12.40% |
| Daily Std Dev | 66.04% | 51.63% |
| Max Drawdown | -89.90% | -81.66% |
| Current Drawdown | -82.18% | -4.17% |
Correlation
The correlation between XPP and TQQQ is 0.55, 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
XPP vs. TQQQ - Performance Comparison
In the year-to-date period, XPP achieves a 35.70% return, which is significantly lower than TQQQ's 63.76% return. Over the past 10 years, XPP has underperformed TQQQ with an annualized return of -10.93%, while TQQQ has yielded a comparatively higher 35.69% 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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XPP vs. TQQQ - Expense Ratio Comparison
Both XPP and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
XPP vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) 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
XPP vs. TQQQ - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.29%, more than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.29% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
XPP vs. TQQQ - Drawdown Comparison
The maximum XPP drawdown since its inception was -89.90%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for XPP and TQQQ. For additional features, visit the drawdowns tool.
Volatility
XPP vs. TQQQ - Volatility Comparison
ProShares Ultra FTSE China 50 (XPP) has a higher volatility of 25.67% compared to ProShares UltraPro QQQ (TQQQ) at 15.36%. This indicates that XPP's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.