^IXIC vs. TQQQ
Compare and contrast key facts about NASDAQ Composite (^IXIC) 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: ^IXIC or TQQQ.
Correlation
The correlation between ^IXIC and TQQQ is 0.98, 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
^IXIC vs. TQQQ - Performance Comparison
Key characteristics
^IXIC:
1.62
TQQQ:
1.23
^IXIC:
2.16
TQQQ:
1.72
^IXIC:
1.29
TQQQ:
1.23
^IXIC:
2.22
TQQQ:
1.40
^IXIC:
8.20
TQQQ:
5.25
^IXIC:
3.55%
TQQQ:
12.54%
^IXIC:
17.97%
TQQQ:
53.39%
^IXIC:
-77.93%
TQQQ:
-81.66%
^IXIC:
-3.97%
TQQQ:
-12.01%
Returns By Period
In the year-to-date period, ^IXIC achieves a 29.05% return, which is significantly lower than TQQQ's 63.64% return. Over the past 10 years, ^IXIC has underperformed TQQQ with an annualized return of 15.05%, while TQQQ has yielded a comparatively higher 35.21% annualized return.
^IXIC
29.05%
2.03%
9.32%
31.09%
16.81%
15.05%
TQQQ
63.64%
8.34%
7.50%
63.33%
31.98%
35.21%
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Risk-Adjusted Performance
^IXIC vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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
^IXIC vs. TQQQ - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^IXIC and TQQQ. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. TQQQ - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 4.97%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.83%. This indicates that ^IXIC 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.