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TQQQ vs. TIP

ProShares UltraPro QQQ

TQQQ
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

0.31
TQQQProShares UltraPro QQQ
TIPiShares TIPS Bond ETF

What is TQQQ?

ProShares UltraPro QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index .

Snapshot
**

TQQQ ProShares UltraPro QQQ
TIP iShares TIPS Bond ETF
Inception date
Feb 09 2010
Dec 04 2003
Expense ratio
0.86%
0.19%
TQQQ has a higher expense ratio than TIP by 0.66%. This can indicate that it’s more expensive to invest in TQQQ than TIP.
Type
US Equities
US Bonds
TQQQ targets investing in US Equities, while TIP targets investing in US Bonds.
Fund owner
ProShares
Blackrock (iShares)
TQQQ is managed by ProShares, while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$3,460,839,081
$275,002,281
Both TQQQ and TIP are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$16,056,070,130
$21,035,302,259
TQQQ has more assets under management than TIP by $4,979,232,129. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
ICE US Treasury Inflation Linked Bond Index
TQQQ is based off of the Nasdaq 100 Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
Leveraged (3x)
No
TQQQ uses Leveraged (3x), while TIP uses undefined. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
TQQQ and TIP both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
TQQQ and TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither TQQQ nor TIP require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toTQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toTIP

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.