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^VXN vs. TQQQ
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.9

Performance

^VXN vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBOE NASDAQ 100 Voltility Index (^VXN) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%5,000.00%10,000.00%15,000.00%20,000.00%December2025FebruaryMarchApril
18.65%
13,124.10%
^VXN
TQQQ

Key characteristics

Sharpe Ratio

^VXN:

0.39

TQQQ:

0.01

Sortino Ratio

^VXN:

1.53

TQQQ:

0.54

Omega Ratio

^VXN:

1.17

TQQQ:

1.07

Calmar Ratio

^VXN:

0.53

TQQQ:

0.01

Martin Ratio

^VXN:

1.30

TQQQ:

0.03

Ulcer Index

^VXN:

33.81%

TQQQ:

20.92%

Daily Std Dev

^VXN:

113.33%

TQQQ:

74.83%

Max Drawdown

^VXN:

-87.21%

TQQQ:

-81.66%

Current Drawdown

^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

YTD

39.56%

1M

9.58%

6M

20.40%

1Y

50.84%

5Y*

-5.93%

10Y*

6.31%

TQQQ

YTD

-30.44%

1M

-4.22%

6M

-26.53%

1Y

5.46%

5Y*

29.29%

10Y*

28.47%

*Annualized

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Risk-Adjusted Performance

^VXN vs. TQQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^VXN
The Risk-Adjusted Performance Rank of ^VXN is 7272
Overall Rank
The Sharpe Ratio Rank of ^VXN is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of ^VXN is 9393
Sortino Ratio Rank
The Omega Ratio Rank of ^VXN is 8585
Omega Ratio Rank
The Calmar Ratio Rank of ^VXN is 7474
Calmar Ratio Rank
The Martin Ratio Rank of ^VXN is 5353
Martin Ratio Rank

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 2828
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4040
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4040
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2020
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 1919
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^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.


The chart of Sharpe ratio for ^VXN, currently valued at 0.39, compared to the broader market-0.500.000.501.001.50
^VXN: 0.39
TQQQ: 0.01
The chart of Sortino ratio for ^VXN, currently valued at 1.53, compared to the broader market-1.00-0.500.000.501.001.502.00
^VXN: 1.53
TQQQ: 0.54
The chart of Omega ratio for ^VXN, currently valued at 1.17, compared to the broader market0.901.001.101.201.30
^VXN: 1.17
TQQQ: 1.07
The chart of Calmar ratio for ^VXN, currently valued at 0.53, compared to the broader market-0.500.000.501.001.50
^VXN: 0.53
TQQQ: 0.01
The chart of Martin ratio for ^VXN, currently valued at 1.30, compared to the broader market-2.000.002.004.006.00
^VXN: 1.30
TQQQ: 0.03

The current ^VXN Sharpe Ratio is 0.39, which is higher than the TQQQ Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of ^VXN and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00December2025FebruaryMarchApril
0.39
0.01
^VXN
TQQQ

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.


-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchApril
-65.28%
-40.80%
^VXN
TQQQ

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.


10.00%20.00%30.00%40.00%50.00%December2025FebruaryMarchApril
51.46%
48.04%
^VXN
TQQQ