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TQQQ vs QQQ comparison

TQQQ vs QQQ performance comment

Market Performance Metrics Overview

Metric Data1 (TQQQ) Data2 (QQQ)
High 57.90 429.85
Low 45.47 395.34
Close 56.32 425.83
Start Price 48.13 402.59
Gain % 17.02% 5.77%
Annualized Gain % 258.79% 87.79%
Annualized Volatility % 41.45% 13.96%
Max Drawdown % -4.82% -1.57%
Sharpe Ratio 6.59 6.83

Market Commentary

Gain %

The gain % metric measures the increase in value of the investment over the 60-day period. In this comparison, Data1 (TQQQ) experienced a significantly higher gain of 17.02% compared to Data2 (QQQ) with a gain of 5.77%. This reflects the higher volatility and potential for greater gains in the TQQQ market.

Annualized Gain %

The annualized gain % takes the 60-day gain and extrapolates it as if the same performance were to continue for a year. Data1 (TQQQ) annualized gain of 258.79% is notably higher than Data2 (QQQ) at 87.79%, suggesting a greater potential for long-term returns in the TQQQ market.

Annualized Volatility %

Volatility measures the degree of variation of a trading price series over time. The annualized volatility for Data1 (TQQQ) is substantially higher at 41.45% compared to Data2 (QQQ) at 13.96%. This reflects the higher risk associated with the TQQQ market, but also the potential for higher returns.

Max Drawdown %

Max drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Data1 (TQQQ) and Data2 (QQQ) both experienced relatively low drawdowns, with Data1 (TQQQ) at -4.82% and Data2 (QQQ) at -1.57%, indicating relatively stable performance in both markets.

Sharpe Ratio

The Sharpe ratio measures the risk-adjusted return of an investment. A higher Sharpe ratio indicates better risk-adjusted performance. Both markets have high Sharpe ratios, with Data2 (QQQ) slightly outperforming Data1 (TQQQ) in this aspect, suggesting that Data2 (QQQ) may have provided better risk-adjusted returns over the 60-day period.

Overall, the data suggests that Data1 (TQQQ) offered higher potential gains, but with higher volatility and risk. On the other hand, Data2 (QQQ) demonstrated more stable performance with still favorable returns, as indicated by the higher Sharpe ratio.

TQQQ YTD Return (Daily)

Comment on YTD Total Returns Results of TQQQ

Year-to-date Performance

The YTD Open for TQQQ was 49.35, reaching a YTD High of 57.90 and a YTD Low of 45.47 before closing at 56.32. This represents a YTD Gain % of 17.02, with an impressive YTD Annualized Gain % of 258.79. The YTD Annualized Volatility % stood at 41.45, reflecting the level of risk in the investment. The YTD Max Drawdown % was -4.82, indicating a relatively small loss from the peak value.

Last Year's Performance

The Last Year Annualized Gain % was 204.92, with a Last Year Annualized Volatility % of 53.26. The Last Year Max Drawdown % was -33.14, highlighting the potential risk and losses investors may have experienced during the period.

Historical Performance

The Historical Annualized Volatility (excluding current year) % was 60.94, while the Historical Annualized Gain (excluding current year) % was 53.39, suggesting a higher level of volatility compared to the current year, but still delivering a strong long-term return potential. The Max Drawdown in Data (excluding current year) was -81.66, demonstrating potential losses that might have been incurred over the years.

Overall Market Conditions

The Average Sharpe Ratio for All Years (Excluding Last) was 0.88, indicating the risk-adjusted return. A higher Sharpe Ratio suggests better performance for the level of risk taken, and the figure of 0.88 highlights generally favorable risk-adjusted performance over the years.

Commentary on Current Market Condition

The Current last close for TQQQ stands at 56.32, with the Current MA 200 at 39.02, Current MA 50 at 47.33, and Current MA 5 at 54.52. The current value is above all three moving averages, suggesting a potential bullish trend in the market. This could signal strong upward momentum and a bullish outlook for TQQQ in the near term. However, it's important to note that past performance is not indicative of future results, and investors should carefully consider their investment goals and risk tolerance before making any decisions.

TQQQ Annual Dividends

Year Annual Dividend Dividend Yield
2023 $0.64 1.25%
2022 $0.1 0.52%
2021 $0.0 0.0%
2020 $0.0 0.0%
2019 $0.05 0.06%

TQQQ Montly Dividends

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023 0.0 0.0 $0.15 0.0 0.0 $0.13 0.0 0.0 $0.14 0.0 0.0 $0.22
2022 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.1
2021 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2020 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2019 0.0 0.0 $0.02 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.03
2018 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.04
2015 0.0 0.0 $0.01 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2014 0.0 0.0 0.0 0.0 0.0 $0.01 0.0 0.0 0.0 0.0 0.0 $0.02

Published: 2024-01-25

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