AMAL vs. QQQ
Compare and contrast key facts about Amalgamated Financial Corp. (AMAL) 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: AMAL or QQQ.
Correlation
The correlation between AMAL 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
AMAL vs. QQQ - Performance Comparison
Key characteristics
AMAL:
0.88
QQQ:
1.54
AMAL:
1.49
QQQ:
2.06
AMAL:
1.18
QQQ:
1.28
AMAL:
1.35
QQQ:
2.03
AMAL:
3.22
QQQ:
7.34
AMAL:
9.17%
QQQ:
3.75%
AMAL:
33.37%
QQQ:
17.90%
AMAL:
-62.93%
QQQ:
-82.98%
AMAL:
-12.38%
QQQ:
-4.03%
Returns By Period
The year-to-date returns for both investments are quite close, with AMAL having a 26.09% return and QQQ slightly higher at 26.66%.
AMAL
26.09%
-5.14%
34.87%
26.47%
13.15%
N/A
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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Risk-Adjusted Performance
AMAL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amalgamated Financial Corp. (AMAL) 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
AMAL vs. QQQ - Dividend Comparison
AMAL's dividend yield for the trailing twelve months is around 1.38%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAL Amalgamated Financial Corp. | 1.38% | 1.48% | 1.56% | 1.91% | 2.33% | 1.34% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AMAL vs. QQQ - Drawdown Comparison
The maximum AMAL drawdown since its inception was -62.93%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AMAL and QQQ. For additional features, visit the drawdowns tool.
Volatility
AMAL vs. QQQ - Volatility Comparison
Amalgamated Financial Corp. (AMAL) has a higher volatility of 7.02% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that AMAL'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.