^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.
Correlation
The correlation between ^BSESN and QQQ is 0.23, 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
Key characteristics
^BSESN:
0.62
QQQ:
0.63
^BSESN:
0.94
QQQ:
1.03
^BSESN:
1.13
QQQ:
1.14
^BSESN:
0.61
QQQ:
0.70
^BSESN:
1.28
QQQ:
2.32
^BSESN:
7.20%
QQQ:
6.82%
^BSESN:
14.80%
QQQ:
25.22%
^BSESN:
-60.91%
QQQ:
-82.98%
^BSESN:
-6.21%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, ^BSESN achieves a 3.02% return, which is significantly higher than QQQ's -4.24% return. Over the past 10 years, ^BSESN has underperformed QQQ with an annualized return of 11.86%, while QQQ has yielded a comparatively higher 17.40% annualized return.
^BSESN
3.02%
5.51%
0.98%
8.97%
20.73%
11.86%
QQQ
-4.24%
8.47%
0.60%
12.94%
18.64%
17.40%
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Risk-Adjusted Performance
^BSESN vs. QQQ — Risk-Adjusted Performance Rank
^BSESN
QQQ
^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 6.73%, while Invesco QQQ (QQQ) has a volatility of 16.72%. 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.