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.
Correlation
The correlation between AGX and QQQ is 0.28, 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
AGX vs. QQQ - Performance Comparison
Key characteristics
AGX:
2.65
QQQ:
0.63
AGX:
3.15
QQQ:
1.03
AGX:
1.43
QQQ:
1.14
AGX:
4.00
QQQ:
0.70
AGX:
11.33
QQQ:
2.32
AGX:
15.44%
QQQ:
6.82%
AGX:
66.28%
QQQ:
25.22%
AGX:
-94.35%
QQQ:
-82.98%
AGX:
-11.21%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, AGX achieves a 20.10% return, which is significantly higher than QQQ's -4.24% return. Over the past 10 years, AGX has outperformed QQQ with an annualized return of 20.46%, while QQQ has yielded a comparatively lower 17.40% annualized return.
AGX
20.10%
27.57%
20.24%
172.37%
38.64%
20.46%
QQQ
-4.24%
8.47%
0.60%
12.94%
18.64%
17.40%
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Risk-Adjusted Performance
AGX vs. QQQ — Risk-Adjusted Performance Rank
AGX
QQQ
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 0.87%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.87% | 0.93% | 2.24% | 2.71% | 1.94% | 2.81% | 2.49% | 1.98% | 2.22% | 1.42% | 2.16% | 2.08% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 23.22% compared to Invesco QQQ (QQQ) at 16.72%. 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.