^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.
Key characteristics
| ^NIFTY200 | QQQ | |
|---|---|---|
| YTD Return | 19.43% | 20.39% |
| 1Y Return | 32.93% | 34.24% |
| 3Y Return (Ann) | 13.11% | 10.75% |
| 5Y Return (Ann) | 18.76% | 21.56% |
| 10Y Return (Ann) | 13.75% | 19.10% |
| Sharpe Ratio | 2.60 | 1.93 |
| Sortino Ratio | 3.14 | 2.56 |
| Omega Ratio | 1.56 | 1.34 |
| Calmar Ratio | 5.48 | 2.44 |
| Martin Ratio | 23.74 | 8.91 |
| Ulcer Index | 1.57% | 3.79% |
| Daily Std Dev | 14.36% | 17.56% |
| Max Drawdown | -64.04% | -82.98% |
| Current Drawdown | -4.72% | -2.26% |
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
The year-to-date returns for both investments are quite close, with ^NIFTY200 having a 19.43% return and QQQ slightly higher at 20.39%. Over the past 10 years, ^NIFTY200 has underperformed QQQ with an annualized return of 13.75%, while QQQ has yielded a comparatively higher 19.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^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
NIFTY 200 (^NIFTY200) and Invesco QQQ (QQQ) have volatilities of 4.01% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.