AB vs. QQQ
Compare and contrast key facts about AllianceBernstein Holding L.P. (AB) 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: AB or QQQ.
Key characteristics
| AB | QQQ | |
|---|---|---|
| YTD Return | 25.83% | 25.63% |
| 1Y Return | 42.56% | 33.85% |
| 3Y Return (Ann) | -6.60% | 9.83% |
| 5Y Return (Ann) | 13.05% | 21.21% |
| 10Y Return (Ann) | 12.31% | 18.37% |
| Sharpe Ratio | 2.22 | 2.12 |
| Sortino Ratio | 2.97 | 2.79 |
| Omega Ratio | 1.37 | 1.38 |
| Calmar Ratio | 1.16 | 2.71 |
| Martin Ratio | 18.04 | 9.88 |
| Ulcer Index | 2.76% | 3.72% |
| Daily Std Dev | 22.38% | 17.31% |
| Max Drawdown | -87.65% | -82.98% |
| Current Drawdown | -18.79% | -0.37% |
Correlation
The correlation between AB and QQQ is 0.46, 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.
Performance
AB vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with AB having a 25.83% return and QQQ slightly lower at 25.63%. Over the past 10 years, AB has underperformed QQQ with an annualized return of 12.31%, while QQQ has yielded a comparatively higher 18.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AB vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein Holding L.P. (AB) 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
AB vs. QQQ - Dividend Comparison
AB's dividend yield for the trailing twelve months is around 8.33%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AB AllianceBernstein Holding L.P. | 8.33% | 8.44% | 10.30% | 7.33% | 8.26% | 7.67% | 10.54% | 8.50% | 7.46% | 8.09% | 7.32% | 7.45% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AB vs. QQQ - Drawdown Comparison
The maximum AB drawdown since its inception was -87.65%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AB and QQQ. For additional features, visit the drawdowns tool.
Volatility
AB vs. QQQ - Volatility Comparison
AllianceBernstein Holding L.P. (AB) has a higher volatility of 7.95% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that AB'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.