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.
Performance
AAP vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, AAP achieves a -31.94% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, AAP has underperformed QQQ with an annualized return of -11.02%, while QQQ has yielded a comparatively higher 18.03% annualized return.
AAP
-31.94%
7.77%
-40.73%
-21.02%
-22.24%
-11.02%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| AAP | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.46 | 1.76 |
| Sortino Ratio | -0.37 | 2.35 |
| Omega Ratio | 0.95 | 1.32 |
| Calmar Ratio | -0.25 | 2.25 |
| Martin Ratio | -0.68 | 8.18 |
| Ulcer Index | 30.97% | 3.74% |
| Daily Std Dev | 45.79% | 17.36% |
| Max Drawdown | -84.09% | -82.98% |
| Current Drawdown | -81.82% | -1.62% |
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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.
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 2.45%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 2.45% | 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 | 0.60% | 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 16.38% compared to Invesco QQQ (QQQ) at 5.36%. 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.