ABT vs. QQQ
Compare and contrast key facts about Abbott Laboratories (ABT) 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: ABT or QQQ.
Correlation
The correlation between ABT and QQQ is 0.40, 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
ABT vs. QQQ - Performance Comparison
Key characteristics
ABT:
0.44
QQQ:
1.85
ABT:
0.76
QQQ:
2.46
ABT:
1.09
QQQ:
1.33
ABT:
0.31
QQQ:
2.38
ABT:
0.98
QQQ:
8.64
ABT:
8.02%
QQQ:
3.74%
ABT:
17.85%
QQQ:
17.46%
ABT:
-45.66%
QQQ:
-82.98%
ABT:
-15.21%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ABT achieves a 5.07% return, which is significantly lower than QQQ's 30.11% return. Over the past 10 years, ABT has underperformed QQQ with an annualized return of 12.22%, while QQQ has yielded a comparatively higher 19.16% annualized return.
ABT
5.07%
-2.04%
10.46%
6.49%
7.47%
12.22%
QQQ
30.11%
3.57%
11.05%
32.42%
21.52%
19.16%
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Risk-Adjusted Performance
ABT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Abbott Laboratories (ABT) 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
ABT vs. QQQ - Dividend Comparison
ABT's dividend yield for the trailing twelve months is around 1.94%, more than QQQ's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABT Abbott Laboratories | 1.94% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% | 1.95% | 1.46% |
QQQ Invesco QQQ | 0.57% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ABT vs. QQQ - Drawdown Comparison
The maximum ABT drawdown since its inception was -45.66%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ABT and QQQ. For additional features, visit the drawdowns tool.
Volatility
ABT vs. QQQ - Volatility Comparison
The current volatility for Abbott Laboratories (ABT) is 3.42%, while Invesco QQQ (QQQ) has a volatility of 4.23%. This indicates that ABT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.