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:
0.97
QQQ:
1.38
ABT:
1.53
QQQ:
1.88
ABT:
1.18
QQQ:
1.25
ABT:
0.73
QQQ:
1.86
ABT:
2.28
QQQ:
6.43
ABT:
8.14%
QQQ:
3.92%
ABT:
19.23%
QQQ:
18.27%
ABT:
-45.66%
QQQ:
-82.98%
ABT:
-2.14%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ABT achieves a 15.70% return, which is significantly higher than QQQ's 5.50% return. Over the past 10 years, ABT has underperformed QQQ with an annualized return of 12.78%, while QQQ has yielded a comparatively higher 18.39% annualized return.
ABT
15.70%
14.72%
18.70%
16.52%
10.00%
12.78%
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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Risk-Adjusted Performance
ABT vs. QQQ — Risk-Adjusted Performance Rank
ABT
QQQ
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 1.72%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABT Abbott Laboratories | 1.72% | 1.95% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% | 1.95% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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
Abbott Laboratories (ABT) has a higher volatility of 7.86% compared to Invesco QQQ (QQQ) at 4.92%. This indicates that ABT'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.