Correlation
The correlation between ^IMXL and TQQQ is 0.89, 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.
^IMXL vs. TQQQ
Compare and contrast key facts about Dow Jones Islamic Market Titans 100 Index (^IMXL) 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: ^IMXL or TQQQ.
Performance
^IMXL vs. TQQQ - Performance Comparison
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Key characteristics
^IMXL:
0.51
TQQQ:
0.18
^IMXL:
0.76
TQQQ:
0.68
^IMXL:
1.10
TQQQ:
1.09
^IMXL:
0.43
TQQQ:
0.13
^IMXL:
1.48
TQQQ:
0.33
^IMXL:
5.97%
TQQQ:
22.59%
^IMXL:
19.57%
TQQQ:
75.89%
^IMXL:
-48.36%
TQQQ:
-81.66%
^IMXL:
-5.06%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, ^IMXL achieves a -1.21% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, ^IMXL has underperformed TQQQ with an annualized return of 11.53%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
^IMXL
-1.21%
6.94%
-0.95%
10.08%
14.30%
14.34%
11.53%
TQQQ
-11.28%
27.55%
-11.83%
13.32%
30.10%
28.60%
31.28%
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Risk-Adjusted Performance
^IMXL vs. TQQQ — Risk-Adjusted Performance Rank
^IMXL
TQQQ
^IMXL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Islamic Market Titans 100 Index (^IMXL) 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.
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Drawdowns
^IMXL vs. TQQQ - Drawdown Comparison
The maximum ^IMXL drawdown since its inception was -48.36%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^IMXL and TQQQ.
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Volatility
^IMXL vs. TQQQ - Volatility Comparison
The current volatility for Dow Jones Islamic Market Titans 100 Index (^IMXL) is 4.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that ^IMXL 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.
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