^VXN vs. QQQ
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) 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: ^VXN or QQQ.
Correlation
The correlation between ^VXN and QQQ is 0.88, 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
^VXN vs. QQQ - Performance Comparison
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Key characteristics
^VXN:
0.34
QQQ:
0.64
^VXN:
1.41
QQQ:
1.04
^VXN:
1.16
QQQ:
1.15
^VXN:
0.41
QQQ:
0.70
^VXN:
0.99
QQQ:
2.29
^VXN:
34.74%
QQQ:
6.99%
^VXN:
113.94%
QQQ:
25.51%
^VXN:
-87.50%
QQQ:
-82.98%
^VXN:
-73.39%
QQQ:
-3.10%
Returns By Period
In the year-to-date period, ^VXN achieves a 10.19% return, which is significantly higher than QQQ's 2.26% return. Over the past 10 years, ^VXN has underperformed QQQ with an annualized return of 5.19%, while QQQ has yielded a comparatively higher 17.72% annualized return.
^VXN
10.19%
-33.14%
11.03%
38.49%
-15.34%
-5.50%
5.19%
QQQ
2.26%
17.54%
4.72%
16.26%
22.66%
18.41%
17.72%
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Risk-Adjusted Performance
^VXN vs. QQQ — Risk-Adjusted Performance Rank
^VXN
QQQ
^VXN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) 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
^VXN vs. QQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.50%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^VXN and QQQ. For additional features, visit the drawdowns tool.
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Volatility
^VXN vs. QQQ - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) has a higher volatility of 23.93% compared to Invesco QQQ (QQQ) at 6.48%. This indicates that ^VXN'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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