^NQROBO vs. QQQ
Compare and contrast key facts about Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) 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: ^NQROBO or QQQ.
Correlation
The correlation between ^NQROBO and QQQ is 0.81, 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
^NQROBO vs. QQQ - Performance Comparison
Key characteristics
^NQROBO:
-0.16
QQQ:
0.45
^NQROBO:
-0.06
QQQ:
0.80
^NQROBO:
0.99
QQQ:
1.11
^NQROBO:
-0.09
QQQ:
0.50
^NQROBO:
-0.45
QQQ:
1.71
^NQROBO:
8.22%
QQQ:
6.68%
^NQROBO:
23.43%
QQQ:
25.28%
^NQROBO:
-44.12%
QQQ:
-82.98%
^NQROBO:
-29.70%
QQQ:
-12.31%
Returns By Period
In the year-to-date period, ^NQROBO achieves a -8.10% return, which is significantly lower than QQQ's -7.46% return.
^NQROBO
-8.10%
0.23%
-5.74%
-1.49%
5.45%
N/A
QQQ
-7.46%
0.74%
-4.34%
10.28%
17.43%
16.75%
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Risk-Adjusted Performance
^NQROBO vs. QQQ — Risk-Adjusted Performance Rank
^NQROBO
QQQ
^NQROBO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) 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
^NQROBO vs. QQQ - Drawdown Comparison
The maximum ^NQROBO drawdown since its inception was -44.12%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^NQROBO and QQQ. For additional features, visit the drawdowns tool.
Volatility
^NQROBO vs. QQQ - Volatility Comparison
The current volatility for Nasdaq CTA Artificial Intelligence & Robotics (^NQROBO) is 13.80%, while Invesco QQQ (QQQ) has a volatility of 16.63%. This indicates that ^NQROBO 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.