^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 0.89, 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.
Performance
^IMXL vs. TQQQ - Performance Comparison
Key characteristics
^IMXL:
0.30
TQQQ:
0.03
^IMXL:
-0.02
TQQQ:
0.57
^IMXL:
1.00
TQQQ:
1.08
^IMXL:
-0.10
TQQQ:
0.04
^IMXL:
-0.33
TQQQ:
0.11
^IMXL:
6.04%
TQQQ:
21.70%
^IMXL:
17.20%
TQQQ:
74.54%
^IMXL:
-48.36%
TQQQ:
-81.66%
^IMXL:
-9.77%
TQQQ:
-36.24%
Returns By Period
In the year-to-date period, ^IMXL achieves a -6.11% return, which is significantly higher than TQQQ's -25.08% return. Over the past 10 years, ^IMXL has underperformed TQQQ with an annualized return of 9.97%, while TQQQ has yielded a comparatively higher 29.75% annualized return.
^IMXL
-6.11%
13.36%
-7.11%
6.47%
11.95%
9.97%
TQQQ
-25.08%
51.95%
-27.94%
2.48%
26.97%
29.75%
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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.
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 5.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.53%. 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.