^TNX vs. TQQQ
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) 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: ^TNX or TQQQ.
Performance
^TNX vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, ^TNX achieves a 14.64% return, which is significantly lower than TQQQ's 55.41% return. Over the past 10 years, ^TNX has underperformed TQQQ with an annualized return of 6.76%, while TQQQ has yielded a comparatively higher 34.39% annualized return.
^TNX
14.64%
5.42%
-0.96%
0.36%
20.17%
6.76%
TQQQ
55.41%
3.57%
23.50%
78.24%
34.24%
34.39%
Key characteristics
| ^TNX | TQQQ | |
|---|---|---|
| Sharpe Ratio | 0.01 | 1.55 |
| Sortino Ratio | 0.19 | 2.01 |
| Omega Ratio | 1.02 | 1.27 |
| Calmar Ratio | 0.01 | 1.57 |
| Martin Ratio | 0.03 | 6.44 |
| Ulcer Index | 11.03% | 12.48% |
| Daily Std Dev | 22.96% | 51.79% |
| Max Drawdown | -93.78% | -81.66% |
| Current Drawdown | -44.76% | -9.06% |
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Correlation
The correlation between ^TNX and TQQQ is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
^TNX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) 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
^TNX vs. TQQQ - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^TNX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
^TNX vs. TQQQ - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 5.75%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.26%. This indicates that ^TNX 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.