ACA vs. QQQ
Compare and contrast key facts about Arcosa, Inc. (ACA) 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: ACA or QQQ.
Key characteristics
| ACA | QQQ | |
|---|---|---|
| YTD Return | -6.30% | 5.38% |
| 1Y Return | 29.34% | 35.44% |
| 3Y Return (Ann) | 6.96% | 8.91% |
| 5Y Return (Ann) | 20.65% | 18.53% |
| Sharpe Ratio | 1.14 | 2.40 |
| Daily Std Dev | 28.87% | 16.32% |
| Max Drawdown | -36.79% | -82.98% |
| Current Drawdown | -10.02% | -3.45% |
Correlation
The correlation between ACA and QQQ is 0.39, 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
ACA vs. QQQ - Performance Comparison
In the year-to-date period, ACA achieves a -6.30% return, which is significantly lower than QQQ's 5.38% 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
ACA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arcosa, Inc. (ACA) 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
ACA vs. QQQ - Dividend Comparison
ACA's dividend yield for the trailing twelve months is around 0.26%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACA Arcosa, Inc. | 0.26% | 0.24% | 0.37% | 0.38% | 0.36% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ACA vs. QQQ - Drawdown Comparison
The maximum ACA drawdown since its inception was -36.79%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ACA and QQQ. For additional features, visit the drawdowns tool.
Volatility
ACA vs. QQQ - Volatility Comparison
Arcosa, Inc. (ACA) has a higher volatility of 6.26% compared to Invesco QQQ (QQQ) at 5.12%. This indicates that ACA'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.