ALTR vs. QQQ
Compare and contrast key facts about Altair Engineering Inc. (ALTR) 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: ALTR or QQQ.
Correlation
The correlation between ALTR and QQQ is 0.59, 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
ALTR vs. QQQ - Performance Comparison
Key characteristics
ALTR:
0.97
QQQ:
1.44
ALTR:
1.59
QQQ:
1.95
ALTR:
1.22
QQQ:
1.26
ALTR:
1.56
QQQ:
1.94
ALTR:
3.95
QQQ:
6.71
ALTR:
7.35%
QQQ:
3.92%
ALTR:
29.69%
QQQ:
18.27%
ALTR:
-46.05%
QQQ:
-82.98%
ALTR:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ALTR achieves a 1.59% return, which is significantly lower than QQQ's 5.27% return.
ALTR
1.59%
0.40%
21.35%
22.53%
23.92%
N/A
QQQ
5.27%
3.15%
13.63%
25.73%
18.87%
18.44%
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Risk-Adjusted Performance
ALTR vs. QQQ — Risk-Adjusted Performance Rank
ALTR
QQQ
ALTR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Altair Engineering Inc. (ALTR) 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
ALTR vs. QQQ - Dividend Comparison
ALTR has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTR Altair Engineering Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ALTR vs. QQQ - Drawdown Comparison
The maximum ALTR drawdown since its inception was -46.05%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ALTR and QQQ. For additional features, visit the drawdowns tool.
Volatility
ALTR vs. QQQ - Volatility Comparison
The current volatility for Altair Engineering Inc. (ALTR) is 0.64%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that ALTR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.