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ETF Comparisons

TQQQ vs. XLE

ProShares UltraPro QQQ

TQQQ
$--
vs

Energy Select Sector SPDR Fund

XLE
$--

Correlation

0.35

Compare with

Top 10 comparisons with TQQQ:
Compare:
TQQQ
Correlation
With:
XLE
Energy Select Sector SPDR Fund
0.35
SwitchQLDProShares Trust - ProShares Ultra QQQ 2x Shares1.00QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 11.00QQQMInvesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF1.00MGKVanguard Group, Inc. - Vanguard Mega Cap Growth ETF0.99ONEQFidelity Covington Trust - Fidelity Nasdaq Composite Index ETF0.99SCHGSchwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF0.99VUGVanguard Group, Inc. - Vanguard Growth ETF0.99IWYBlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF0.99IWFBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF0.99VONGVanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF0.99

Top 10 shared holdings

The top 10 holdings shared by TQQQ and XLE:

There are no shared holdings.
Invest with TQQQ
Learn more about XLE
TQQQProShares UltraPro QQQ
XLEEnergy Select Sector SPDR Fund

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
XLE Energy Select Sector SPDR Fund
Inception date
Feb 09 2010
Dec 16 1998
Expense ratio
0.86%
0.10%
TQQQ has a higher expense ratio than XLE by 0.76%. This can indicate that it’s more expensive to invest in TQQQ than XLE.
Type
US Equities
US Equities
TQQQ targets investing in US Equities, while XLE targets investing in US Equities.
Fund owner
ProShares
State Street (SPDR)
TQQQ is managed by ProShares, while XLE is managed by State Street (SPDR).
Volume (1m avg. daily)
$3,460,839,081
$1,678,169,867
Both TQQQ and XLE 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
$38,180,414,875
TQQQ has more assets under management than XLE by $22,124,344,745. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
S&P Energy Select Sector Index
TQQQ is based off of the Nasdaq 100 Index, while XLE is based off of the S&P Energy Select Sector Index
Inverse/Leveraged
Leveraged (3x)
No
TQQQ uses Leveraged (3x), while XLE 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 XLE 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 XLE may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither TQQQ nor XLE 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 toXLE

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, 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.