^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:
0.16
TQQQ:
0.94
^TNX:
0.39
TQQQ:
1.45
^TNX:
1.04
TQQQ:
1.19
^TNX:
0.06
TQQQ:
1.20
^TNX:
0.32
TQQQ:
3.90
^TNX:
10.45%
TQQQ:
13.18%
^TNX:
21.12%
TQQQ:
54.76%
^TNX:
-93.78%
TQQQ:
-81.66%
^TNX:
-44.91%
TQQQ:
-9.97%
Returns By Period
In the year-to-date period, ^TNX achieves a -3.35% return, which is significantly lower than TQQQ's 5.79% return. Over the past 10 years, ^TNX has underperformed TQQQ with an annualized return of 8.35%, while TQQQ has yielded a comparatively higher 34.07% annualized return.
^TNX
-3.35%
-3.89%
16.10%
2.15%
24.68%
8.35%
TQQQ
5.79%
-4.66%
19.47%
41.08%
26.34%
34.07%
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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.
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 5.89%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.21%. 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.