^DJUS vs. SQQQ
Compare and contrast key facts about Dow Jones U.S. Index (^DJUS) and ProShares UltraPro Short QQQ (SQQQ).
SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJUS or SQQQ.
Key characteristics
| ^DJUS | SQQQ | |
|---|---|---|
| YTD Return | 14.43% | -30.75% |
| 1Y Return | 22.56% | -46.78% |
| 3Y Return (Ann) | 5.46% | -35.13% |
| 5Y Return (Ann) | 12.61% | -58.29% |
| 10Y Return (Ann) | 10.26% | -51.47% |
| Sharpe Ratio | 1.69 | -0.87 |
| Daily Std Dev | 12.86% | 52.36% |
| Max Drawdown | -56.62% | -100.00% |
| Current Drawdown | -3.02% | -100.00% |
Correlation
The correlation between ^DJUS and SQQQ is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
^DJUS vs. SQQQ - Performance Comparison
In the year-to-date period, ^DJUS achieves a 14.43% return, which is significantly higher than SQQQ's -30.75% return. Over the past 10 years, ^DJUS has outperformed SQQQ with an annualized return of 10.26%, while SQQQ has yielded a comparatively lower -51.47% 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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Risk-Adjusted Performance
^DJUS vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Index (^DJUS) and ProShares UltraPro Short QQQ (SQQQ). 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.
Drawdowns
^DJUS vs. SQQQ - Drawdown Comparison
The maximum ^DJUS drawdown since its inception was -56.62%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^DJUS and SQQQ. For additional features, visit the drawdowns tool.
Volatility
^DJUS vs. SQQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Index (^DJUS) is 4.67%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 19.78%. This indicates that ^DJUS experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.