^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.
Key characteristics
^IMXL | TQQQ | |
---|---|---|
YTD Return | 21.14% | 33.83% |
1Y Return | 27.50% | 63.22% |
3Y Return (Ann) | 7.07% | -1.23% |
5Y Return (Ann) | 14.07% | 33.63% |
10Y Return (Ann) | 10.71% | 34.33% |
Sharpe Ratio | 2.03 | 1.26 |
Daily Std Dev | 12.68% | 53.04% |
Max Drawdown | -48.36% | -81.66% |
Current Drawdown | -3.13% | -21.69% |
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
In the year-to-date period, ^IMXL achieves a 21.14% return, which is significantly lower than TQQQ's 33.83% return. Over the past 10 years, ^IMXL has underperformed TQQQ with an annualized return of 10.71%, while TQQQ has yielded a comparatively higher 34.33% 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
^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 4.33%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.75%. 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.