CANQ vs TQQQ
Calamos Nasdaq Equity & Income ETF vs ProShares UltraPro QQQ
Which is better, CANQ or TQQQ?
TQQQ has been ahead.
TQQQ has a lower expense ratio. TQQQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CANQ | TQQQ |
|---|---|---|
| Expense Ratio | 0.94% | 0.78%Best |
| AUM | $21M | $38.3B |
| Dividend Yield | 4.64% | 0.62% |
| Holdings | 30 | 128 |
| YTD Return | +2.52% | +42.42%Best |
| 1Y Return | +3.06% | +47.68%Best |
| 3Y Return (annualized) | - | +58.33% |
| 5Y Return (annualized) | - | +18.53% |
| Volatility (annualized) | 11.0%Best | 57.6% |
| Max Drawdown | -12.8%Best | -58.0% |
| $10,000 over 2.2 years | $13,070 | $28,356Best |
| Fund Family | Calamos Investments | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Feb 13, 2024 | Feb 9, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 5, 2024 to Oct 14, 2026 (2.2 years).
CANQ vs TQQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
CANQ vs TQQQ Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is an ETF from Calamos Investments and ProShares UltraPro QQQ (TQQQ) is an ETF from ProShares. Over the past year CANQ returned +3.06% while TQQQ returned +47.68%. Year to date, CANQ is up 2.52% versus a gain of 42.42% for TQQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TQQQ has been the more volatile fund, with annualized monthly volatility of 57.6% compared with 11.0% for CANQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.8% for CANQ and -58.0% for TQQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CANQ charges 0.94% per year while TQQQ charges 0.78%. On a $10,000 position that is $94 vs $78 annually, a gap of $16 per year that compounds over a long holding period. On income, CANQ currently yields 4.64% against 0.62% for TQQQ.
Holdings Overlap
We hold position weights for 17 holdings in CANQ and 102 in TQQQ, totalling 88.3% and 50.4% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 9 positions appear in both.
9 positions in common, counted across the 17 positions we hold weights for in CANQ and 102 in TQQQ, against full books of 30 and 128.
Top Shared Holdings
| Stock | Weight in CANQ | Weight in TQQQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 1.47% | 1.87% | 0.40% |
| NVDANvidia Corp | 0.48% | 2.74% | 2.26% |
| AMZNAmazon.Com Inc | 0.66% | 1.32% | 0.66% |
| GOOGAlphabet Inc. C | 0.69% | 0.91% | 0.22% |
| METAMeta Platforms Inc | 0.55% | 1.05% | 0.50% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.82% | 0.59% | 0.23% |
| TSLATesla Inc | 0.10% | 0.95% | 0.85% |
| COSTCostco Wholesale Corp. | 0.38% | 0.55% | 0.17% |
| NFLXNetflix, Inc. | 0.10% | 0.37% | 0.27% |
You are not choosing between two funds in isolation.
Whichever of CANQ and TQQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CANQ or TQQQ?
CANQ has an expense ratio of 0.94% while TQQQ charges 0.78%. TQQQ is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, CANQ or TQQQ?
Over the past year CANQ returned +3.06% vs +47.68% for TQQQ, so TQQQ leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +12.94% vs +60.60% for TQQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CANQ or TQQQ?
TQQQ has been the more volatile fund at 57.6% annualized versus 11.0% for CANQ. Worst drawdown: CANQ -12.8% vs TQQQ -58.0%.
Should I hold both CANQ and TQQQ?
CANQ and TQQQ have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CANQ or TQQQ?
CANQ yields 4.64% while TQQQ yields 0.62%, so CANQ currently pays the higher dividend yield.
Is TQQQ better than CANQ?
TQQQ has a lower expense ratio. TQQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.