AAP vs. QQQ
Compare and contrast key facts about Advance Auto Parts, Inc. (AAP) 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: AAP or QQQ.
Correlation
The correlation between AAP and QQQ is 0.39, 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
AAP vs. QQQ - Performance Comparison
Key characteristics
AAP:
-0.56
QQQ:
1.64
AAP:
-0.54
QQQ:
2.19
AAP:
0.93
QQQ:
1.30
AAP:
-0.30
QQQ:
2.16
AAP:
-0.76
QQQ:
7.79
AAP:
33.68%
QQQ:
3.76%
AAP:
45.58%
QQQ:
17.85%
AAP:
-84.09%
QQQ:
-82.98%
AAP:
-80.60%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, AAP achieves a -27.39% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, AAP has underperformed QQQ with an annualized return of -11.36%, while QQQ has yielded a comparatively higher 18.36% annualized return.
AAP
-27.39%
12.66%
-33.10%
-26.98%
-21.25%
-11.36%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
AAP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Advance Auto Parts, Inc. (AAP) 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
AAP vs. QQQ - Dividend Comparison
AAP's dividend yield for the trailing twelve months is around 2.30%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 2.30% | 3.28% | 4.08% | 1.35% | 0.63% | 0.15% | 0.15% | 0.24% | 0.14% | 0.16% | 0.15% | 0.22% |
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
AAP vs. QQQ - Drawdown Comparison
The maximum AAP drawdown since its inception was -84.09%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AAP and QQQ. For additional features, visit the drawdowns tool.
Volatility
AAP vs. QQQ - Volatility Comparison
Advance Auto Parts, Inc. (AAP) has a higher volatility of 15.45% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that AAP'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.