ADBE vs. QQQ
Compare and contrast key facts about Adobe Inc (ADBE) 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: ADBE or QQQ.
Key characteristics
| ADBE | QQQ | |
|---|---|---|
| YTD Return | -20.03% | 4.29% |
| 1Y Return | 29.09% | 38.51% |
| 3Y Return (Ann) | -2.57% | 8.61% |
| 5Y Return (Ann) | 11.12% | 18.32% |
| 10Y Return (Ann) | 22.75% | 18.35% |
| Sharpe Ratio | 0.78 | 2.19 |
| Daily Std Dev | 33.81% | 16.38% |
| Max Drawdown | -79.89% | -82.98% |
| Current Drawdown | -30.69% | -4.45% |
Correlation
The correlation between ADBE and QQQ is 0.69, 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.
Performance
ADBE vs. QQQ - Performance Comparison
In the year-to-date period, ADBE achieves a -20.03% return, which is significantly lower than QQQ's 4.29% return. Over the past 10 years, ADBE has outperformed QQQ with an annualized return of 22.75%, while QQQ has yielded a comparatively lower 18.35% annualized 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
ADBE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adobe Inc (ADBE) 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
ADBE vs. QQQ - Dividend Comparison
ADBE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADBE Adobe 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% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ADBE vs. QQQ - Drawdown Comparison
The maximum ADBE drawdown since its inception was -79.89%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ADBE and QQQ. For additional features, visit the drawdowns tool.
Volatility
ADBE vs. QQQ - Volatility Comparison
Adobe Inc (ADBE) and Invesco QQQ (QQQ) have volatilities of 4.67% and 4.84%, 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.