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 0.22, 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:
3.29
QQQ:
1.30
AGX:
3.91
QQQ:
1.78
AGX:
1.57
QQQ:
1.24
AGX:
6.57
QQQ:
1.76
AGX:
23.85
QQQ:
6.08
AGX:
8.08%
QQQ:
3.92%
AGX:
58.68%
QQQ:
18.35%
AGX:
-94.35%
QQQ:
-82.98%
AGX:
-27.76%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, AGX achieves a -2.29% return, which is significantly lower than QQQ's 2.90% return. Both investments have delivered pretty close results over the past 10 years, with AGX having a 17.49% annualized return and QQQ not far ahead at 18.10%.
AGX
-2.29%
-23.61%
76.00%
189.57%
27.04%
17.49%
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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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 1.01%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 1.01% | 0.93% | 2.24% | 2.71% | 1.94% | 4.50% | 2.49% | 1.98% | 2.22% | 1.42% | 2.16% | 2.08% |
QQQ Invesco QQQ | 0.54% | 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 28.07% compared to Invesco QQQ (QQQ) at 5.02%. 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.