^DJI vs. QQQ
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) 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: ^DJI or QQQ.
Correlation
The correlation between ^DJI and QQQ is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^DJI vs. QQQ - Performance Comparison
Key characteristics
^DJI:
1.13
QQQ:
1.63
^DJI:
1.64
QQQ:
2.18
^DJI:
1.21
QQQ:
1.29
^DJI:
2.10
QQQ:
2.15
^DJI:
6.06
QQQ:
7.73
^DJI:
2.10%
QQQ:
3.76%
^DJI:
11.32%
QQQ:
17.84%
^DJI:
-53.78%
QQQ:
-82.98%
^DJI:
-5.94%
QQQ:
-3.77%
Returns By Period
In the year-to-date period, ^DJI achieves a 12.34% return, which is significantly lower than QQQ's 27.01% return. Over the past 10 years, ^DJI has underperformed QQQ with an annualized return of 8.98%, while QQQ has yielded a comparatively higher 18.29% annualized return.
^DJI
12.34%
-2.14%
8.20%
14.19%
8.29%
8.98%
QQQ
27.01%
2.87%
7.89%
29.11%
20.41%
18.29%
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Risk-Adjusted Performance
^DJI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) 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
^DJI vs. QQQ - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^DJI and QQQ. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. QQQ - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 3.57%, while Invesco QQQ (QQQ) has a volatility of 5.27%. This indicates that ^DJI 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.