^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:
0.37
TQQQ:
-0.03
^IXIC:
0.61
TQQQ:
0.35
^IXIC:
1.08
TQQQ:
1.05
^IXIC:
0.52
TQQQ:
-0.05
^IXIC:
1.41
TQQQ:
-0.12
^IXIC:
5.22%
TQQQ:
16.49%
^IXIC:
20.03%
TQQQ:
58.51%
^IXIC:
-77.93%
TQQQ:
-81.66%
^IXIC:
-12.75%
TQQQ:
-35.36%
Returns By Period
In the year-to-date period, ^IXIC achieves a -8.85% return, which is significantly higher than TQQQ's -24.04% return. Over the past 10 years, ^IXIC has underperformed TQQQ with an annualized return of 13.70%, while TQQQ has yielded a comparatively higher 30.97% annualized return.
^IXIC
-8.85%
-4.08%
-1.81%
8.38%
19.09%
13.70%
TQQQ
-24.04%
-14.23%
-13.45%
0.75%
42.70%
30.97%
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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 8.06%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 23.39%. 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.