^XCI vs. QQQ
Compare and contrast key facts about ARCA Computer Technology Index (^XCI) 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: ^XCI or QQQ.
Correlation
The correlation between ^XCI and QQQ is 0.84, 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
^XCI vs. QQQ - Performance Comparison
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Key characteristics
^XCI:
0.65
QQQ:
0.67
^XCI:
1.16
QQQ:
1.14
^XCI:
1.16
QQQ:
1.16
^XCI:
0.81
QQQ:
0.79
^XCI:
2.48
QQQ:
2.59
^XCI:
8.72%
QQQ:
6.98%
^XCI:
30.93%
QQQ:
25.51%
^XCI:
-77.19%
QQQ:
-82.98%
^XCI:
-4.98%
QQQ:
-3.72%
Returns By Period
In the year-to-date period, ^XCI achieves a -1.44% return, which is significantly lower than QQQ's 1.61% return. Over the past 10 years, ^XCI has outperformed QQQ with an annualized return of 21.93%, while QQQ has yielded a comparatively lower 17.78% annualized return.
^XCI
-1.44%
15.82%
-0.24%
20.04%
25.31%
21.93%
QQQ
1.61%
13.38%
1.57%
17.02%
19.19%
17.78%
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Risk-Adjusted Performance
^XCI vs. QQQ — Risk-Adjusted Performance Rank
^XCI
QQQ
^XCI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARCA Computer Technology Index (^XCI) 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
^XCI vs. QQQ - Drawdown Comparison
The maximum ^XCI drawdown since its inception was -77.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^XCI and QQQ. For additional features, visit the drawdowns tool.
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Volatility
^XCI vs. QQQ - Volatility Comparison
ARCA Computer Technology Index (^XCI) has a higher volatility of 9.36% compared to Invesco QQQ (QQQ) at 7.54%. This indicates that ^XCI'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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