Correlation
The correlation between AAP and QQQ is 0.45, 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.
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
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Key characteristics
AAP:
-0.34
QQQ:
0.62
AAP:
-0.19
QQQ:
0.92
AAP:
0.98
QQQ:
1.13
AAP:
-0.35
QQQ:
0.60
AAP:
-0.80
QQQ:
1.94
AAP:
37.72%
QQQ:
7.02%
AAP:
78.70%
QQQ:
25.59%
AAP:
-86.42%
QQQ:
-82.98%
AAP:
-78.35%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, AAP achieves a 2.70% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, AAP has underperformed QQQ with an annualized return of -10.03%, while QQQ has yielded a comparatively higher 17.69% annualized return.
AAP
2.70%
45.37%
17.46%
-30.50%
-35.08%
-17.45%
-10.03%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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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.
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Dividends
AAP vs. QQQ - Dividend Comparison
AAP's dividend yield for the trailing twelve months is around 2.09%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 2.09% | 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 | 0.58% | 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.
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Volatility
AAP vs. QQQ - Volatility Comparison
Advance Auto Parts, Inc. (AAP) has a higher volatility of 49.00% compared to Invesco QQQ (QQQ) at 5.62%. 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.
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