^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.
Key characteristics
| ^DJUS | TQQQ | |
|---|---|---|
| YTD Return | 12.47% | 13.24% |
| 1Y Return | 20.87% | 43.31% |
| 3Y Return (Ann) | 5.00% | -8.29% |
| 5Y Return (Ann) | 12.21% | 29.59% |
| 10Y Return (Ann) | 10.14% | 32.13% |
| Sharpe Ratio | 1.58 | 0.76 |
| Daily Std Dev | 12.96% | 52.69% |
| Max Drawdown | -56.62% | -81.66% |
| Current Drawdown | -4.69% | -33.73% |
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
In the year-to-date period, ^DJUS achieves a 12.47% return, which is significantly lower than TQQQ's 13.24% return. Over the past 10 years, ^DJUS has underperformed TQQQ with an annualized return of 10.14%, while TQQQ has yielded a comparatively higher 32.13% 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. 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 4.97%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 21.15%. 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.