AIR vs. QQQ
Compare and contrast key facts about AAR Corp. (AIR) 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: AIR or QQQ.
Key characteristics
| AIR | QQQ | |
|---|---|---|
| YTD Return | -0.74% | 20.39% |
| 1Y Return | 4.59% | 34.24% |
| 3Y Return (Ann) | 22.42% | 10.75% |
| 5Y Return (Ann) | 9.40% | 21.56% |
| 10Y Return (Ann) | 10.50% | 19.10% |
| Sharpe Ratio | 0.19 | 1.93 |
| Sortino Ratio | 0.45 | 2.56 |
| Omega Ratio | 1.06 | 1.34 |
| Calmar Ratio | 0.24 | 2.44 |
| Martin Ratio | 0.52 | 8.91 |
| Ulcer Index | 11.51% | 3.79% |
| Daily Std Dev | 31.65% | 17.56% |
| Max Drawdown | -89.04% | -82.98% |
| Current Drawdown | -18.00% | -2.26% |
Correlation
The correlation between AIR and QQQ is 0.43, 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
AIR vs. QQQ - Performance Comparison
In the year-to-date period, AIR achieves a -0.74% return, which is significantly lower than QQQ's 20.39% return. Over the past 10 years, AIR has underperformed QQQ with an annualized return of 10.50%, while QQQ has yielded a comparatively higher 19.10% 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
AIR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAR Corp. (AIR) 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
AIR vs. QQQ - Dividend Comparison
AIR 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.67% | 0.80% | 0.76% | 0.91% | 1.14% | 1.08% | 1.07% |
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
AIR vs. QQQ - Drawdown Comparison
The maximum AIR drawdown since its inception was -89.04%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AIR and QQQ. For additional features, visit the drawdowns tool.
Volatility
AIR vs. QQQ - Volatility Comparison
AAR Corp. (AIR) has a higher volatility of 9.70% compared to Invesco QQQ (QQQ) at 4.22%. This indicates that AIR'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.