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.
Key characteristics
| AAP | QQQ | |
|---|---|---|
| YTD Return | 20.46% | 3.82% |
| 1Y Return | -40.91% | 32.66% |
| 3Y Return (Ann) | -26.75% | 8.61% |
| 5Y Return (Ann) | -13.76% | 18.53% |
| 10Y Return (Ann) | -4.07% | 18.13% |
| Sharpe Ratio | -0.76 | 2.00 |
| Daily Std Dev | 53.53% | 16.23% |
| Max Drawdown | -78.88% | -82.98% |
| Current Drawdown | -67.82% | -4.88% |
Correlation
The correlation between AAP and QQQ is 0.40, 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
In the year-to-date period, AAP achieves a 20.46% return, which is significantly higher than QQQ's 3.82% return. Over the past 10 years, AAP has underperformed QQQ with an annualized return of -4.07%, while QQQ has yielded a comparatively higher 18.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 1.37%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 1.37% | 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 | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AAP vs. QQQ - Drawdown Comparison
The maximum AAP drawdown since its inception was -78.88%, 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 12.37% compared to Invesco QQQ (QQQ) at 5.44%. 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.