Correlation
The correlation between ^TNX and TQQQ is 0.27, 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.
^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
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Key characteristics
^TNX:
-0.20
TQQQ:
0.18
^TNX:
0.10
TQQQ:
0.68
^TNX:
1.01
TQQQ:
1.09
^TNX:
-0.02
TQQQ:
0.13
^TNX:
-0.09
TQQQ:
0.33
^TNX:
10.69%
TQQQ:
22.59%
^TNX:
22.21%
TQQQ:
75.89%
^TNX:
-93.78%
TQQQ:
-81.66%
^TNX:
-44.86%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, ^TNX achieves a -3.26% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, ^TNX has underperformed TQQQ with an annualized return of 7.27%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
^TNX
-3.26%
5.91%
5.89%
-2.85%
17.27%
46.84%
7.27%
TQQQ
-11.28%
27.55%
-11.83%
13.32%
30.10%
28.60%
31.28%
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Risk-Adjusted Performance
^TNX vs. TQQQ — Risk-Adjusted Performance Rank
^TNX
TQQQ
^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.
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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.
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Volatility
^TNX vs. TQQQ - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 5.86%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. 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.
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