^XCMP vs. QQQ
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) 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: ^XCMP or QQQ.
Correlation
The correlation between ^XCMP and QQQ is 0.98, 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
^XCMP vs. QQQ - Performance Comparison
Key characteristics
^XCMP:
1.41
QQQ:
1.40
^XCMP:
1.90
QQQ:
1.90
^XCMP:
1.26
QQQ:
1.25
^XCMP:
1.93
QQQ:
1.88
^XCMP:
6.58
QQQ:
6.51
^XCMP:
3.85%
QQQ:
3.92%
^XCMP:
17.96%
QQQ:
18.23%
^XCMP:
-35.83%
QQQ:
-82.98%
^XCMP:
-0.95%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, ^XCMP achieves a 3.45% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, ^XCMP has underperformed QQQ with an annualized return of 15.99%, while QQQ has yielded a comparatively higher 18.32% annualized return.
^XCMP
3.45%
1.10%
13.67%
29.02%
16.61%
15.99%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
^XCMP vs. QQQ — Risk-Adjusted Performance Rank
^XCMP
QQQ
^XCMP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) 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
^XCMP vs. QQQ - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^XCMP and QQQ. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. QQQ - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 4.97% compared to Invesco QQQ (QQQ) at 4.54%. This indicates that ^XCMP'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.