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.
^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.
Performance
^DJUS vs. SQQQ - Performance Comparison
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Key characteristics
^DJUS:
0.65
SQQQ:
-0.64
^DJUS:
0.99
SQQQ:
-0.56
^DJUS:
1.14
SQQQ:
0.93
^DJUS:
0.63
SQQQ:
-0.46
^DJUS:
2.36
SQQQ:
-1.35
^DJUS:
5.20%
SQQQ:
33.85%
^DJUS:
20.02%
SQQQ:
75.99%
^DJUS:
-56.62%
SQQQ:
-100.00%
^DJUS:
-4.05%
SQQQ:
-100.00%
Returns By Period
In the year-to-date period, ^DJUS achieves a 0.39% return, which is significantly higher than SQQQ's -22.68% return. Over the past 10 years, ^DJUS has outperformed SQQQ with an annualized return of 10.46%, while SQQQ has yielded a comparatively lower -52.21% annualized return.
^DJUS
0.39%
5.64%
-2.52%
12.07%
12.49%
13.84%
10.46%
SQQQ
-22.68%
-20.93%
-24.08%
-48.67%
-51.05%
-52.75%
-52.21%
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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.
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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.
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Volatility
^DJUS vs. SQQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Index (^DJUS) is 4.85%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 17.59%. 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.
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