^VVIX vs. QQQ
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) 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: ^VVIX or QQQ.
Correlation
The correlation between ^VVIX and QQQ is 0.89, 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
^VVIX vs. QQQ - Performance Comparison
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Key characteristics
^VVIX:
0.19
QQQ:
0.60
^VVIX:
1.26
QQQ:
1.03
^VVIX:
1.14
QQQ:
1.14
^VVIX:
0.38
QQQ:
0.69
^VVIX:
0.68
QQQ:
2.26
^VVIX:
35.51%
QQQ:
6.99%
^VVIX:
115.31%
QQQ:
25.46%
^VVIX:
-78.10%
QQQ:
-82.98%
^VVIX:
-53.46%
QQQ:
-3.42%
Returns By Period
In the year-to-date period, ^VVIX achieves a -7.39% return, which is significantly lower than QQQ's 1.92% return. Over the past 10 years, ^VVIX has underperformed QQQ with an annualized return of 2.43%, while QQQ has yielded a comparatively higher 17.68% annualized return.
^VVIX
-7.39%
-16.89%
-0.77%
21.61%
-3.58%
-4.57%
2.43%
QQQ
1.92%
17.15%
3.66%
15.07%
22.52%
18.59%
17.68%
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Risk-Adjusted Performance
^VVIX vs. QQQ — Risk-Adjusted Performance Rank
^VVIX
QQQ
^VVIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) 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.
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Drawdowns
^VVIX vs. QQQ - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^VVIX and QQQ. For additional features, visit the drawdowns tool.
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Volatility
^VVIX vs. QQQ - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 19.91% compared to Invesco QQQ (QQQ) at 5.64%. This indicates that ^VVIX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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