AFRM vs. QQQ
Compare and contrast key facts about Affirm Holdings, Inc. (AFRM) 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: AFRM or QQQ.
Key characteristics
| AFRM | QQQ | |
|---|---|---|
| YTD Return | -34.64% | 3.82% |
| 1Y Return | 256.49% | 32.66% |
| 3Y Return (Ann) | -23.13% | 8.61% |
| Sharpe Ratio | 2.54 | 2.00 |
| Daily Std Dev | 87.26% | 16.23% |
| Max Drawdown | -94.71% | -82.98% |
| Current Drawdown | -80.94% | -4.88% |
Correlation
The correlation between AFRM and QQQ is 0.58, 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
AFRM vs. QQQ - Performance Comparison
In the year-to-date period, AFRM achieves a -34.64% return, which is significantly lower than QQQ's 3.82% 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
AFRM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) 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
AFRM vs. QQQ - Dividend Comparison
AFRM 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFRM Affirm Holdings, 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
AFRM vs. QQQ - Drawdown Comparison
The maximum AFRM drawdown since its inception was -94.71%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AFRM and QQQ. For additional features, visit the drawdowns tool.
Volatility
AFRM vs. QQQ - Volatility Comparison
Affirm Holdings, Inc. (AFRM) has a higher volatility of 14.17% compared to Invesco QQQ (QQQ) at 5.40%. This indicates that AFRM'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.