^UTY vs. QQQ
Compare and contrast key facts about PHLX Utility Sector Index (^UTY) 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: ^UTY or QQQ.
Correlation
The correlation between ^UTY and QQQ is 0.31, 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
^UTY vs. QQQ - Performance Comparison
Key characteristics
^UTY:
1.91
QQQ:
1.30
^UTY:
2.60
QQQ:
1.78
^UTY:
1.32
QQQ:
1.24
^UTY:
1.22
QQQ:
1.76
^UTY:
6.71
QQQ:
6.08
^UTY:
4.40%
QQQ:
3.92%
^UTY:
15.47%
QQQ:
18.35%
^UTY:
-48.16%
QQQ:
-82.98%
^UTY:
-4.14%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, ^UTY achieves a 6.64% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, ^UTY has underperformed QQQ with an annualized return of 5.48%, while QQQ has yielded a comparatively higher 18.06% annualized return.
^UTY
6.64%
3.28%
4.17%
28.76%
2.22%
5.48%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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Risk-Adjusted Performance
^UTY vs. QQQ — Risk-Adjusted Performance Rank
^UTY
QQQ
^UTY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PHLX Utility Sector Index (^UTY) 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
^UTY vs. QQQ - Drawdown Comparison
The maximum ^UTY drawdown since its inception was -48.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^UTY and QQQ. For additional features, visit the drawdowns tool.
Volatility
^UTY vs. QQQ - Volatility Comparison
The current volatility for PHLX Utility Sector Index (^UTY) is 3.82%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that ^UTY 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.