AIRC vs. QQQ
Compare and contrast key facts about Apartment Income REIT Corp. (AIRC) 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: AIRC or QQQ.
Key characteristics
AIRC | QQQ | |
---|---|---|
YTD Return | 12.38% | 4.29% |
1Y Return | 15.53% | 38.51% |
3Y Return (Ann) | -1.37% | 8.61% |
Sharpe Ratio | 0.47 | 2.19 |
Daily Std Dev | 31.58% | 16.38% |
Max Drawdown | -44.34% | -82.98% |
Current Drawdown | -22.77% | -4.45% |
Correlation
The correlation between AIRC and QQQ is 0.41, 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
AIRC vs. QQQ - Performance Comparison
In the year-to-date period, AIRC achieves a 12.38% return, which is significantly higher than QQQ's 4.29% 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
AIRC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Apartment Income REIT Corp. (AIRC) 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
AIRC vs. QQQ - Dividend Comparison
AIRC's dividend yield for the trailing twelve months is around 4.68%, more than QQQ's 0.62% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Apartment Income REIT Corp. | 4.68% | 5.18% | 5.25% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
AIRC vs. QQQ - Drawdown Comparison
The maximum AIRC drawdown since its inception was -44.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AIRC and QQQ. For additional features, visit the drawdowns tool.
Volatility
AIRC vs. QQQ - Volatility Comparison
Apartment Income REIT Corp. (AIRC) has a higher volatility of 20.63% compared to Invesco QQQ (QQQ) at 4.84%. This indicates that AIRC'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.