ProShares UltraPro QQQ ETF vs Taiwan Semiconductor Mfg. Co. Ltd. — how do they compare? ProShares UltraPro QQQ ETF trades at $71.45, while Taiwan Semiconductor Mfg. Co. Ltd. trades at $425.52 (market cap $1.88T). The key difference: Taiwan Semiconductor Mfg. Co. Ltd. pays a 0.94% dividend while ProShares UltraPro QQQ ETF pays none, and Taiwan Semiconductor Mfg. Co. Ltd. is trading nearer its 52-week high, ProShares UltraPro QQQ ETF nearer its low. Which is the better fit depends on your goals.
| TQQQ | TSM | |
|---|---|---|
Sector | Leveraged / Inverse | Technology |
52-Week High | $87.22 | $477.57 |
52-Week Low | $37.89 | $227.33 |
Market Cap | — | $1.88T |
Enterprise Value | — | $1.81T |
Dividend Yield | — | 0.94% |
Trailing returns across standard periods
Latest headlines on both assets
TQQQ is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Nasdaq-100 Index. It is one of the most liquid and actively traded instruments in the market, designed for sophisticated traders to amplify short-term bullish exposure to large-cap non-financial growth stocks, predominantly in the technology and communication sectors.
Read more on TQQQ →Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
Read more on TSM →