^NIFTY200 vs. QQQ
Compare and contrast key facts about NIFTY 200 (^NIFTY200) 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: ^NIFTY200 or QQQ.
Correlation
The correlation between ^NIFTY200 and QQQ is 0.19, 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
^NIFTY200 vs. QQQ - Performance Comparison
Key characteristics
^NIFTY200:
0.04
QQQ:
0.40
^NIFTY200:
0.63
QQQ:
0.65
^NIFTY200:
1.21
QQQ:
1.09
^NIFTY200:
0.06
QQQ:
0.57
^NIFTY200:
0.35
QQQ:
1.74
^NIFTY200:
7.71%
QQQ:
4.44%
^NIFTY200:
67.36%
QQQ:
19.08%
^NIFTY200:
-64.04%
QQQ:
-82.98%
^NIFTY200:
-16.92%
QQQ:
-13.19%
Returns By Period
The year-to-date returns for both stocks are quite close, with ^NIFTY200 having a -8.36% return and QQQ slightly lower at -8.39%. Over the past 10 years, ^NIFTY200 has underperformed QQQ with an annualized return of 10.78%, while QQQ has yielded a comparatively higher 16.90% annualized return.
^NIFTY200
-8.36%
-3.35%
-14.64%
2.31%
19.15%
10.78%
QQQ
-8.39%
-11.30%
-0.73%
7.01%
20.32%
16.90%
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Risk-Adjusted Performance
^NIFTY200 vs. QQQ — Risk-Adjusted Performance Rank
^NIFTY200
QQQ
^NIFTY200 vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NIFTY 200 (^NIFTY200) 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
^NIFTY200 vs. QQQ - Drawdown Comparison
The maximum ^NIFTY200 drawdown since its inception was -64.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^NIFTY200 and QQQ. For additional features, visit the drawdowns tool.
Volatility
^NIFTY200 vs. QQQ - Volatility Comparison
The current volatility for NIFTY 200 (^NIFTY200) is 4.67%, while Invesco QQQ (QQQ) has a volatility of 7.14%. This indicates that ^NIFTY200 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.