Performance
TQQQ vs. SPXL - Performance Comparison
In the year-to-date period, TQQQ achieves a 32.04% return, which is significantly lower than SPXL's 49.07% return. Over the past 10 years, TQQQ has outperformed SPXL with an annualized return of 33.86%, while SPXL has yielded a comparatively lower 23.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
TQQQ
SPXL
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TQQQ vs. SPXL - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
TQQQ vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.
TQQQ vs. SPXL - Sharpe Ratio Comparison
The current TQQQ Sharpe Ratio is 1.15, which is lower than the SPXL Sharpe Ratio of 1.86. The chart below compares the 12-month rolling Sharpe Ratio of TQQQ and SPXL.
TQQQ
SPXL
Dividends
TQQQ vs. SPXL - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 1.29%, more than SPXL's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.29% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.80% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% |
Drawdowns
TQQQ vs. SPXL - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for TQQQ and SPXL. For additional features, visit the drawdowns tool.
TQQQ
SPXL
Volatility
TQQQ vs. SPXL - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 18.26% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 11.75%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
TQQQ
SPXL
