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 0.34, 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:
0.56
QQQM:
0.48
AMAL:
1.03
QQQM:
0.83
AMAL:
1.13
QQQM:
1.12
AMAL:
0.60
QQQM:
0.53
AMAL:
1.57
QQQM:
1.77
AMAL:
12.25%
QQQM:
6.78%
AMAL:
34.74%
QQQM:
24.88%
AMAL:
-62.93%
QQQM:
-35.05%
AMAL:
-24.88%
QQQM:
-10.64%
Returns By Period
In the year-to-date period, AMAL achieves a -14.42% return, which is significantly lower than QQQM's -5.69% return.
AMAL
-14.42%
-0.59%
-13.32%
16.60%
23.84%
N/A
QQQM
-5.69%
1.82%
-0.19%
14.95%
N/A
N/A
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Risk-Adjusted Performance
AMAL vs. QQQM — Risk-Adjusted Performance Rank
AMAL
QQQM
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 1.75%, more than QQQM's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
AMAL Amalgamated Financial Corp. | 1.75% | 1.37% | 1.48% | 1.56% | 1.91% | 2.33% | 1.34% | 0.31% |
QQQM Invesco NASDAQ 100 ETF | 0.63% | 0.61% | 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
The current volatility for Amalgamated Financial Corp. (AMAL) is 12.01%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 16.35%. This indicates that AMAL experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.