ABCL vs. QLD
Compare and contrast key facts about AbCellera Biologics Inc. (ABCL) and ProShares Ultra QQQ (QLD).
QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABCL or QLD.
Correlation
The correlation between ABCL and QLD is 0.32, 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
ABCL vs. QLD - Performance Comparison
Key characteristics
ABCL:
-0.73
QLD:
1.06
ABCL:
-0.96
QLD:
1.51
ABCL:
0.90
QLD:
1.20
ABCL:
-0.45
QLD:
1.48
ABCL:
-1.12
QLD:
4.58
ABCL:
38.28%
QLD:
8.48%
ABCL:
58.53%
QLD:
36.76%
ABCL:
-95.94%
QLD:
-83.13%
ABCL:
-94.86%
QLD:
-5.86%
Returns By Period
In the year-to-date period, ABCL achieves a 3.41% return, which is significantly lower than QLD's 4.53% return.
ABCL
3.41%
-13.92%
16.09%
-37.78%
N/A
N/A
QLD
4.53%
-3.19%
15.30%
33.10%
28.50%
28.69%
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Risk-Adjusted Performance
ABCL vs. QLD — Risk-Adjusted Performance Rank
ABCL
QLD
ABCL vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AbCellera Biologics Inc. (ABCL) and ProShares Ultra QQQ (QLD). 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
ABCL vs. QLD - Dividend Comparison
ABCL has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.24%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABCL AbCellera Biologics Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.24% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
ABCL vs. QLD - Drawdown Comparison
The maximum ABCL drawdown since its inception was -95.94%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for ABCL and QLD. For additional features, visit the drawdowns tool.
Volatility
ABCL vs. QLD - Volatility Comparison
AbCellera Biologics Inc. (ABCL) has a higher volatility of 17.93% compared to ProShares Ultra QQQ (QLD) at 10.15%. This indicates that ABCL's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.