^VXN vs. TQQQ
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) 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: ^VXN or TQQQ.
Correlation
The correlation between ^VXN and TQQQ is 0.90, 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
^VXN vs. TQQQ - Performance Comparison
Key characteristics
^VXN:
0.39
TQQQ:
0.01
^VXN:
1.53
TQQQ:
0.54
^VXN:
1.17
TQQQ:
1.07
^VXN:
0.53
TQQQ:
0.01
^VXN:
1.30
TQQQ:
0.03
^VXN:
33.81%
TQQQ:
20.92%
^VXN:
113.33%
TQQQ:
74.83%
^VXN:
-87.21%
TQQQ:
-81.66%
^VXN:
-65.53%
TQQQ:
-40.80%
Returns By Period
In the year-to-date period, ^VXN achieves a 39.56% return, which is significantly higher than TQQQ's -30.44% return. Over the past 10 years, ^VXN has underperformed TQQQ with an annualized return of 6.31%, while TQQQ has yielded a comparatively higher 28.47% annualized return.
^VXN
39.56%
9.58%
20.40%
50.84%
-5.93%
6.31%
TQQQ
-30.44%
-4.22%
-26.53%
5.46%
29.29%
28.47%
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Risk-Adjusted Performance
^VXN vs. TQQQ — Risk-Adjusted Performance Rank
^VXN
TQQQ
^VXN vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) 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
^VXN vs. TQQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.21%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ^VXN and TQQQ. For additional features, visit the drawdowns tool.
Volatility
^VXN vs. TQQQ - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) has a higher volatility of 51.46% compared to ProShares UltraPro QQQ (TQQQ) at 48.04%. This indicates that ^VXN's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.