^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.
Correlation
The correlation between ^TNX and TQQQ is 0.20, 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.
Performance
^TNX vs. TQQQ - Performance Comparison
Key characteristics
^TNX:
0.75
TQQQ:
1.37
^TNX:
1.25
TQQQ:
1.84
^TNX:
1.14
TQQQ:
1.25
^TNX:
0.30
TQQQ:
1.55
^TNX:
1.62
TQQQ:
5.79
^TNX:
10.31%
TQQQ:
12.58%
^TNX:
22.26%
TQQQ:
53.25%
^TNX:
-93.78%
TQQQ:
-81.66%
^TNX:
-43.61%
TQQQ:
-11.00%
Returns By Period
In the year-to-date period, ^TNX achieves a 17.02% return, which is significantly lower than TQQQ's 65.52% return. Over the past 10 years, ^TNX has underperformed TQQQ with an annualized return of 7.22%, while TQQQ has yielded a comparatively higher 35.36% annualized return.
^TNX
17.02%
2.68%
6.27%
16.18%
18.78%
7.22%
TQQQ
65.52%
6.50%
12.39%
66.67%
32.06%
35.36%
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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 6.15%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.08%. 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.