PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions

ABT vs. QQQ

Last updated Feb 24, 2024

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.

Key characteristics


ABTQQQ
YTD Return9.06%6.66%
1Y Return18.86%48.17%
3Y Return (Ann)1.39%11.48%
5Y Return (Ann)11.29%21.21%
10Y Return (Ann)13.97%18.14%
Sharpe Ratio0.952.99
Daily Std Dev19.67%16.57%
Max Drawdown-45.62%-82.98%
Current Drawdown-11.99%-0.29%

Correlation

0.41
-1.001.00

The correlation between ABT and QQQ is 0.41, 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.

ABT vs. QQQ - Performance Comparison

In the year-to-date period, ABT achieves a 9.06% return, which is significantly higher than QQQ's 6.66% return. Over the past 10 years, ABT has underperformed QQQ with an annualized return of 13.97%, while QQQ has yielded a comparatively higher 18.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%SeptemberOctoberNovemberDecember2024February
15.83%
20.46%
ABT
QQQ

Compare stocks, funds, or ETFs


Abbott Laboratories

Invesco QQQ

ABT vs. QQQ - Dividend Comparison

ABT's dividend yield for the trailing twelve months is around 1.74%, more than QQQ's 0.58% yield.


TTM20232022202120202019201820172016201520142013
ABT
Abbott Laboratories
1.74%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
0.58%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.01%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABT
Abbott Laboratories
0.95
QQQ
Invesco QQQ
2.99

ABT vs. QQQ - Sharpe Ratio Comparison

The current ABT Sharpe Ratio is 0.95, which is lower than the QQQ Sharpe Ratio of 2.99. The chart below compares the 12-month rolling Sharpe Ratio of ABT and QQQ.


Rolling 12-month Sharpe Ratio0.001.002.003.00SeptemberOctoberNovemberDecember2024February
0.95
2.99
ABT
QQQ

ABT vs. QQQ - Drawdown Comparison

The maximum ABT drawdown since its inception was -45.62%, smaller than the maximum QQQ drawdown of -82.98%. The drawdown chart below compares losses from any high point along the way for ABT and QQQ


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February
-11.99%
-0.29%
ABT
QQQ

ABT vs. QQQ - Volatility Comparison

Abbott Laboratories (ABT) and Invesco QQQ (QQQ) have volatilities of 5.06% and 5.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%SeptemberOctoberNovemberDecember2024February
5.06%
5.19%
ABT
QQQ