^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 0.90, 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:
0.43
TQQQ:
0.05
^IXIC:
0.77
TQQQ:
0.60
^IXIC:
1.11
TQQQ:
1.08
^IXIC:
0.46
TQQQ:
0.06
^IXIC:
1.61
TQQQ:
0.19
^IXIC:
6.90%
TQQQ:
20.26%
^IXIC:
25.76%
TQQQ:
74.90%
^IXIC:
-77.93%
TQQQ:
-81.66%
^IXIC:
-14.91%
TQQQ:
-43.76%
Returns By Period
In the year-to-date period, ^IXIC achieves a -11.11% return, which is significantly higher than TQQQ's -33.91% return. Over the past 10 years, ^IXIC has underperformed TQQQ with an annualized return of 13.03%, while TQQQ has yielded a comparatively higher 27.38% annualized return.
^IXIC
-11.11%
-6.05%
-6.78%
9.25%
14.78%
13.03%
TQQQ
-33.91%
-22.31%
-28.62%
-1.62%
27.30%
27.38%
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Risk-Adjusted Performance
^IXIC vs. TQQQ — Risk-Adjusted Performance Rank
^IXIC
TQQQ
^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 17.23%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.70%. 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.