0700.HK vs. QQQ
Compare and contrast key facts about Tencent Holdings Ltd (0700.HK) 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: 0700.HK or QQQ.
Key characteristics
0700.HK | QQQ | |
---|---|---|
YTD Return | 22.75% | 4.38% |
1Y Return | 6.94% | 35.44% |
3Y Return (Ann) | -14.06% | 8.99% |
5Y Return (Ann) | 0.80% | 18.27% |
10Y Return (Ann) | 15.67% | 18.12% |
Sharpe Ratio | 0.12 | 2.12 |
Daily Std Dev | 33.02% | 16.27% |
Max Drawdown | -72.70% | -82.98% |
Current Drawdown | -47.69% | -4.36% |
Correlation
The correlation between 0700.HK and QQQ is 0.13, 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
0700.HK vs. QQQ - Performance Comparison
In the year-to-date period, 0700.HK achieves a 22.75% return, which is significantly higher than QQQ's 4.38% return. Over the past 10 years, 0700.HK has underperformed QQQ with an annualized return of 15.67%, while QQQ has yielded a comparatively higher 18.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
0700.HK vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) 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.
Dividends
0700.HK vs. QQQ - Dividend Comparison
0700.HK's dividend yield for the trailing twelve months is around 0.67%, more than QQQ's 0.62% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tencent Holdings Ltd | 0.67% | 1.63% | 0.98% | 0.35% | 0.21% | 0.27% | 0.29% | 0.15% | 0.25% | 0.24% | 0.21% | 0.20% |
Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
0700.HK vs. QQQ - Drawdown Comparison
The maximum 0700.HK drawdown since its inception was -72.70%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for 0700.HK and QQQ. For additional features, visit the drawdowns tool.
Volatility
0700.HK vs. QQQ - Volatility Comparison
Tencent Holdings Ltd (0700.HK) has a higher volatility of 9.39% compared to Invesco QQQ (QQQ) at 5.61%. This indicates that 0700.HK'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.