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 0.38, 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:
-1.03
QQQ:
0.15
AAP:
-1.52
QQQ:
0.38
AAP:
0.80
QQQ:
1.05
AAP:
-0.63
QQQ:
0.16
AAP:
-1.38
QQQ:
0.58
AAP:
39.57%
QQQ:
6.25%
AAP:
52.73%
QQQ:
24.88%
AAP:
-86.42%
QQQ:
-82.98%
AAP:
-85.60%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, AAP achieves a -31.71% return, which is significantly lower than QQQ's -13.00% return. Over the past 10 years, AAP has underperformed QQQ with an annualized return of -13.49%, while QQQ has yielded a comparatively higher 16.17% annualized return.
AAP
-31.71%
-14.85%
-17.99%
-55.92%
-21.51%
-13.49%
QQQ
-13.00%
-6.28%
-9.32%
4.93%
16.35%
16.17%
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Risk-Adjusted Performance
AAP vs. QQQ — Risk-Adjusted Performance Rank
AAP
QQQ
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 3.14%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 3.14% | 2.11% | 3.28% | 4.08% | 1.35% | 0.63% | 0.15% | 0.15% | 0.24% | 0.14% | 0.16% | 0.15% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
AAP vs. QQQ - Drawdown Comparison
The maximum AAP drawdown since its inception was -86.42%, 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 20.42% compared to Invesco QQQ (QQQ) at 16.19%. 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.