^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
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Key characteristics
^VXN:
0.34
TQQQ:
0.20
^VXN:
1.41
TQQQ:
0.80
^VXN:
1.16
TQQQ:
1.11
^VXN:
0.41
TQQQ:
0.25
^VXN:
0.99
TQQQ:
0.65
^VXN:
34.74%
TQQQ:
22.15%
^VXN:
113.94%
TQQQ:
75.64%
^VXN:
-87.50%
TQQQ:
-81.66%
^VXN:
-73.39%
TQQQ:
-22.72%
Returns By Period
In the year-to-date period, ^VXN achieves a 10.19% return, which is significantly higher than TQQQ's -9.20% return. Over the past 10 years, ^VXN has underperformed TQQQ with an annualized return of 5.19%, while TQQQ has yielded a comparatively higher 31.41% annualized return.
^VXN
10.19%
-33.14%
11.03%
38.49%
-15.34%
-5.50%
5.19%
TQQQ
-9.20%
58.64%
-4.86%
15.35%
39.66%
29.76%
31.41%
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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.
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Drawdowns
^VXN vs. TQQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.50%, 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.
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Volatility
^VXN vs. TQQQ - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) has a higher volatility of 23.93% compared to ProShares UltraPro QQQ (TQQQ) at 18.95%. 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.
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