^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.
Correlation
The correlation between ^DJUS and SQQQ is 1.00, 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.
Performance
^DJUS vs. SQQQ - Performance Comparison
Key characteristics
^DJUS:
0.46
SQQQ:
-0.57
^DJUS:
0.77
SQQQ:
-0.47
^DJUS:
1.11
SQQQ:
0.94
^DJUS:
0.46
SQQQ:
-0.42
^DJUS:
1.77
SQQQ:
-1.32
^DJUS:
5.07%
SQQQ:
31.75%
^DJUS:
19.61%
SQQQ:
74.64%
^DJUS:
-56.62%
SQQQ:
-100.00%
^DJUS:
-8.04%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, ^DJUS achieves a -3.78% return, which is significantly higher than SQQQ's -6.42% return. Over the past 10 years, ^DJUS has outperformed SQQQ with an annualized return of 10.06%, while SQQQ has yielded a comparatively lower -51.63% annualized return.
^DJUS
-3.78%
14.09%
-5.32%
9.01%
13.84%
10.06%
SQQQ
-6.42%
-45.78%
-5.54%
-42.04%
-52.20%
-51.63%
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Risk-Adjusted Performance
^DJUS vs. SQQQ — Risk-Adjusted Performance Rank
^DJUS
SQQQ
^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 11.31%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 48.63%. 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.