^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.
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.
Performance
^DJUS vs. TQQQ - Performance Comparison
Key characteristics
^DJUS:
0.46
TQQQ:
0.03
^DJUS:
0.77
TQQQ:
0.57
^DJUS:
1.11
TQQQ:
1.08
^DJUS:
0.46
TQQQ:
0.04
^DJUS:
1.77
TQQQ:
0.11
^DJUS:
5.07%
TQQQ:
21.70%
^DJUS:
19.61%
TQQQ:
74.54%
^DJUS:
-56.62%
TQQQ:
-81.66%
^DJUS:
-8.04%
TQQQ:
-36.24%
Returns By Period
In the year-to-date period, ^DJUS achieves a -3.78% return, which is significantly higher than TQQQ's -25.08% return. Over the past 10 years, ^DJUS has underperformed TQQQ with an annualized return of 10.06%, while TQQQ has yielded a comparatively higher 29.75% annualized return.
^DJUS
-3.78%
14.09%
-5.32%
9.01%
13.84%
10.06%
TQQQ
-25.08%
51.95%
-27.94%
2.48%
26.97%
29.75%
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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.
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. For additional features, visit the drawdowns tool.
Volatility
^DJUS vs. TQQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Index (^DJUS) is 11.31%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 38.46%. 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.