AMAL vs. QQQM
Compare and contrast key facts about Amalgamated Financial Corp. (AMAL) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAL or QQQM.
Correlation
The correlation between AMAL and QQQM is 0.20, 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. QQQM - Performance Comparison
Key characteristics
AMAL:
0.83
QQQM:
1.65
AMAL:
1.42
QQQM:
2.20
AMAL:
1.17
QQQM:
1.30
AMAL:
1.27
QQQM:
2.17
AMAL:
3.00
QQQM:
7.84
AMAL:
9.23%
QQQM:
3.76%
AMAL:
33.31%
QQQM:
17.81%
AMAL:
-62.93%
QQQM:
-35.05%
AMAL:
-11.78%
QQQM:
-3.60%
Returns By Period
The year-to-date returns for both investments are quite close, with AMAL having a 26.96% return and QQQM slightly higher at 27.34%.
AMAL
26.96%
-5.37%
36.02%
28.29%
13.28%
N/A
QQQM
27.34%
3.10%
8.44%
27.94%
N/A
N/A
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Risk-Adjusted Performance
AMAL vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amalgamated Financial Corp. (AMAL) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
AMAL's dividend yield for the trailing twelve months is around 1.37%, more than QQQM's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AMAL Amalgamated Financial Corp. | 1.37% | 1.48% | 1.56% | 1.91% | 2.33% | 1.34% | 0.31% |
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% |
Drawdowns
AMAL vs. QQQM - Drawdown Comparison
The maximum AMAL drawdown since its inception was -62.93%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for AMAL and QQQM. For additional features, visit the drawdowns tool.
Volatility
AMAL vs. QQQM - Volatility Comparison
Amalgamated Financial Corp. (AMAL) has a higher volatility of 7.05% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.28%. This indicates that AMAL's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.