Correlation
The correlation between ^DWCF and QQQ is 0.87, 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.
^DWCF vs. QQQ
Compare and contrast key facts about Dow Jones U.S. Total Stock Market Index (^DWCF) 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: ^DWCF or QQQ.
Performance
^DWCF vs. QQQ - Performance Comparison
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Key characteristics
^DWCF:
0.48
QQQ:
0.51
^DWCF:
0.75
QQQ:
0.86
^DWCF:
1.11
QQQ:
1.12
^DWCF:
0.45
QQQ:
0.54
^DWCF:
1.67
QQQ:
1.77
^DWCF:
5.26%
QQQ:
7.01%
^DWCF:
20.05%
QQQ:
25.51%
^DWCF:
-56.81%
QQQ:
-82.98%
^DWCF:
-6.03%
QQQ:
-5.47%
Returns By Period
In the year-to-date period, ^DWCF achieves a -1.80% return, which is significantly lower than QQQ's -0.24% return. Over the past 10 years, ^DWCF has underperformed QQQ with an annualized return of 10.05%, while QQQ has yielded a comparatively higher 17.56% annualized return.
^DWCF
-1.80%
5.87%
-3.92%
8.90%
13.21%
13.85%
10.05%
QQQ
-0.24%
8.96%
0.99%
11.88%
21.85%
18.00%
17.56%
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Risk-Adjusted Performance
^DWCF vs. QQQ — Risk-Adjusted Performance Rank
^DWCF
QQQ
^DWCF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Total Stock Market Index (^DWCF) 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.
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Drawdowns
^DWCF vs. QQQ - Drawdown Comparison
The maximum ^DWCF drawdown since its inception was -56.81%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^DWCF and QQQ.
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Volatility
^DWCF vs. QQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Total Stock Market Index (^DWCF) is 4.50%, while Invesco QQQ (QQQ) has a volatility of 5.25%. This indicates that ^DWCF 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.
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