AGX vs. QQQ
Compare and contrast key facts about Argan, Inc. (AGX) 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: AGX or QQQ.
Performance
AGX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, AGX achieves a 245.31% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, AGX has outperformed QQQ with an annualized return of 19.35%, while QQQ has yielded a comparatively lower 18.03% annualized return.
AGX
245.31%
31.61%
126.49%
251.70%
37.87%
19.35%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| AGX | QQQ | |
|---|---|---|
| Sharpe Ratio | 4.91 | 1.76 |
| Sortino Ratio | 5.53 | 2.35 |
| Omega Ratio | 1.83 | 1.32 |
| Calmar Ratio | 7.33 | 2.25 |
| Martin Ratio | 53.56 | 8.18 |
| Ulcer Index | 4.70% | 3.74% |
| Daily Std Dev | 51.23% | 17.36% |
| Max Drawdown | -94.35% | -82.98% |
| Current Drawdown | 0.00% | -1.62% |
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Correlation
The correlation between AGX and QQQ is 0.21, 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.
Risk-Adjusted Performance
AGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) 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
AGX vs. QQQ - Dividend Comparison
AGX's dividend yield for the trailing twelve months is around 0.80%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.80% | 2.24% | 2.71% | 1.94% | 4.50% | 2.49% | 1.98% | 2.22% | 1.42% | 2.16% | 2.08% | 2.72% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AGX vs. QQQ - Drawdown Comparison
The maximum AGX drawdown since its inception was -94.35%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AGX vs. QQQ - Volatility Comparison
Argan, Inc. (AGX) has a higher volatility of 18.47% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that AGX'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.