Correlation
The correlation between ^IBEX and QQQ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^IBEX vs. QQQ
Compare and contrast key facts about IBEX 35 Index (^IBEX) 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: ^IBEX or QQQ.
Performance
^IBEX vs. QQQ - Performance Comparison
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Key characteristics
^IBEX:
1.59
QQQ:
0.38
^IBEX:
1.92
QQQ:
0.82
^IBEX:
1.28
QQQ:
1.11
^IBEX:
0.70
QQQ:
0.51
^IBEX:
8.64
QQQ:
1.66
^IBEX:
2.84%
QQQ:
7.03%
^IBEX:
16.52%
QQQ:
25.58%
^IBEX:
-62.65%
QQQ:
-82.98%
^IBEX:
-12.76%
QQQ:
-1.79%
Returns By Period
In the year-to-date period, ^IBEX achieves a 19.98% return, which is significantly higher than QQQ's 3.65% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 2.43%, while QQQ has yielded a comparatively higher 17.91% annualized return.
^IBEX
19.98%
-1.09%
20.05%
26.94%
19.53%
13.49%
2.43%
QQQ
3.65%
1.45%
-0.95%
9.74%
25.27%
17.45%
17.91%
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Risk-Adjusted Performance
^IBEX vs. QQQ — Risk-Adjusted Performance Rank
^IBEX
QQQ
^IBEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) 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
^IBEX vs. QQQ - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^IBEX and QQQ.
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Volatility
^IBEX vs. QQQ - Volatility Comparison
The current volatility for IBEX 35 Index (^IBEX) is 3.68%, while Invesco QQQ (QQQ) has a volatility of 4.16%. This indicates that ^IBEX 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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