^OEX vs. QQQ
Compare and contrast key facts about S&P 100 Index (^OEX) 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: ^OEX or QQQ.
Correlation
The correlation between ^OEX and QQQ is 0.86, 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
^OEX vs. QQQ - Performance Comparison
Key characteristics
^OEX:
2.09
QQQ:
1.42
^OEX:
2.77
QQQ:
1.94
^OEX:
1.38
QQQ:
1.25
^OEX:
3.00
QQQ:
1.90
^OEX:
12.66
QQQ:
6.64
^OEX:
2.33%
QQQ:
3.89%
^OEX:
14.13%
QQQ:
18.18%
^OEX:
-61.31%
QQQ:
-82.98%
^OEX:
-0.30%
QQQ:
-1.43%
Returns By Period
In the year-to-date period, ^OEX achieves a 3.14% return, which is significantly lower than QQQ's 3.60% return. Over the past 10 years, ^OEX has underperformed QQQ with an annualized return of 12.90%, while QQQ has yielded a comparatively higher 18.95% annualized return.
^OEX
3.14%
0.08%
13.53%
28.62%
15.17%
12.90%
QQQ
3.60%
-0.06%
14.74%
24.96%
19.73%
18.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^OEX vs. QQQ — Risk-Adjusted Performance Rank
^OEX
QQQ
^OEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) 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
^OEX vs. QQQ - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^OEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
^OEX vs. QQQ - Volatility Comparison
The current volatility for S&P 100 Index (^OEX) is 4.59%, while Invesco QQQ (QQQ) has a volatility of 5.37%. This indicates that ^OEX 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.