^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 0.93, 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:
0.33
QQQ:
0.53
^DJI:
0.59
QQQ:
0.91
^DJI:
1.08
QQQ:
1.13
^DJI:
0.34
QQQ:
0.59
^DJI:
1.20
QQQ:
1.96
^DJI:
4.63%
QQQ:
6.88%
^DJI:
16.99%
QQQ:
25.14%
^DJI:
-53.78%
QQQ:
-82.98%
^DJI:
-9.30%
QQQ:
-10.64%
Returns By Period
In the year-to-date period, ^DJI achieves a -4.03% return, which is significantly higher than QQQ's -5.69% return. Over the past 10 years, ^DJI has underperformed QQQ with an annualized return of 8.44%, while QQQ has yielded a comparatively higher 17.01% annualized return.
^DJI
-4.03%
6.56%
-3.30%
5.09%
11.37%
8.44%
QQQ
-5.69%
13.90%
-1.89%
10.02%
17.57%
17.01%
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Risk-Adjusted Performance
^DJI vs. QQQ — Risk-Adjusted Performance Rank
^DJI
QQQ
^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 9.77%, while Invesco QQQ (QQQ) has a volatility of 14.06%. 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.