^BSESN vs. QQQ
Compare and contrast key facts about S&P BSE SENSEX (^BSESN) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BSESN or QQQ.
Key characteristics
| ^BSESN | QQQ | |
|---|---|---|
| YTD Return | 14.74% | 16.41% |
| 1Y Return | 22.77% | 26.86% |
| 3Y Return (Ann) | 12.62% | 8.93% |
| 5Y Return (Ann) | 17.49% | 20.65% |
| 10Y Return (Ann) | 12.31% | 17.94% |
| Sharpe Ratio | 1.84 | 1.57 |
| Daily Std Dev | 13.34% | 17.78% |
| Max Drawdown | -60.91% | -82.98% |
| Current Drawdown | -0.09% | -5.49% |
Correlation
The correlation between ^BSESN and QQQ is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^BSESN vs. QQQ - Performance Comparison
In the year-to-date period, ^BSESN achieves a 14.74% return, which is significantly lower than QQQ's 16.41% return. Over the past 10 years, ^BSESN has underperformed QQQ with an annualized return of 12.31%, while QQQ has yielded a comparatively higher 17.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^BSESN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^BSESN vs. QQQ - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^BSESN and QQQ. For additional features, visit the drawdowns tool.
Volatility
^BSESN vs. QQQ - Volatility Comparison
The current volatility for S&P BSE SENSEX (^BSESN) is 2.95%, while Invesco QQQ (QQQ) has a volatility of 6.03%. This indicates that ^BSESN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.