AAON vs. QQQ
Compare and contrast key facts about AAON, Inc. (AAON) 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: AAON or QQQ.
Correlation
The correlation between AAON and QQQ is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AAON vs. QQQ - Performance Comparison
Key characteristics
AAON:
1.84
QQQ:
1.64
AAON:
2.43
QQQ:
2.19
AAON:
1.35
QQQ:
1.30
AAON:
3.09
QQQ:
2.16
AAON:
8.40
QQQ:
7.79
AAON:
8.76%
QQQ:
3.76%
AAON:
39.95%
QQQ:
17.85%
AAON:
-73.64%
QQQ:
-82.98%
AAON:
-11.76%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, AAON achieves a 68.64% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, AAON has outperformed QQQ with an annualized return of 24.60%, while QQQ has yielded a comparatively lower 18.36% annualized return.
AAON
68.64%
-5.94%
56.81%
72.09%
30.91%
24.60%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
AAON vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAON, Inc. (AAON) 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
AAON vs. QQQ - Dividend Comparison
AAON's dividend yield for the trailing twelve months is around 0.26%, less than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.26% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% | 0.79% | 0.52% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AAON vs. QQQ - Drawdown Comparison
The maximum AAON drawdown since its inception was -73.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AAON and QQQ. For additional features, visit the drawdowns tool.
Volatility
AAON vs. QQQ - Volatility Comparison
AAON, Inc. (AAON) has a higher volatility of 11.81% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that AAON'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.