^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.
Correlation
The correlation between ^IMXL and TQQQ is 0.87, 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
^IMXL vs. TQQQ - Performance Comparison
Key characteristics
^IMXL:
1.10
TQQQ:
1.12
^IMXL:
1.52
TQQQ:
1.62
^IMXL:
1.23
TQQQ:
1.21
^IMXL:
1.31
TQQQ:
1.28
^IMXL:
4.89
TQQQ:
4.78
^IMXL:
2.85%
TQQQ:
12.61%
^IMXL:
12.63%
TQQQ:
53.75%
^IMXL:
-48.36%
TQQQ:
-81.66%
^IMXL:
-3.38%
TQQQ:
-12.61%
Returns By Period
In the year-to-date period, ^IMXL achieves a 0.01% return, which is significantly lower than TQQQ's 62.53% return. Over the past 10 years, ^IMXL has underperformed TQQQ with an annualized return of 11.16%, while TQQQ has yielded a comparatively higher 35.66% annualized return.
^IMXL
0.01%
0.27%
3.87%
26.00%
12.61%
11.16%
TQQQ
62.53%
2.05%
9.01%
62.53%
31.32%
35.66%
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Risk-Adjusted Performance
^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.
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. For additional features, visit the drawdowns tool.
Volatility
^IMXL vs. TQQQ - Volatility Comparison
The current volatility for Dow Jones Islamic Market Titans 100 Index (^IMXL) is 3.93%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.40%. 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.