Correlation
The correlation between ^DJUS and TQQQ is 0.90, 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. TQQQ
Compare and contrast key facts about Dow Jones U.S. Index (^DJUS) and ProShares UltraPro QQQ (TQQQ).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJUS or TQQQ.
Performance
^DJUS vs. TQQQ - Performance Comparison
Loading data...
Key characteristics
^DJUS:
0.65
TQQQ:
0.18
^DJUS:
0.99
TQQQ:
0.68
^DJUS:
1.14
TQQQ:
1.09
^DJUS:
0.63
TQQQ:
0.13
^DJUS:
2.36
TQQQ:
0.33
^DJUS:
5.20%
TQQQ:
22.59%
^DJUS:
20.02%
TQQQ:
75.89%
^DJUS:
-56.62%
TQQQ:
-81.66%
^DJUS:
-4.05%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, ^DJUS achieves a 0.39% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, ^DJUS has underperformed TQQQ with an annualized return of 10.46%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
^DJUS
0.39%
5.64%
-2.52%
12.07%
12.49%
13.84%
10.46%
TQQQ
-11.28%
23.30%
-11.83%
13.44%
30.10%
28.60%
31.28%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^DJUS vs. TQQQ — Risk-Adjusted Performance Rank
^DJUS
TQQQ
^DJUS vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Index (^DJUS) 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.
Loading data...
Drawdowns
^DJUS vs. TQQQ - Drawdown Comparison
The maximum ^DJUS drawdown since its inception was -56.62%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^DJUS and TQQQ.
Loading data...
Volatility
^DJUS vs. TQQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Index (^DJUS) is 4.85%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that ^DJUS 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.
Loading data...