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
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Key characteristics
AMAL:
0.58
QQQM:
0.65
AMAL:
1.13
QQQM:
1.05
AMAL:
1.14
QQQM:
1.15
AMAL:
0.68
QQQM:
0.71
AMAL:
1.68
QQQM:
2.30
AMAL:
12.99%
QQQM:
6.97%
AMAL:
35.28%
QQQM:
25.20%
AMAL:
-62.93%
QQQM:
-35.05%
AMAL:
-19.34%
QQQM:
-3.07%
Returns By Period
In the year-to-date period, AMAL achieves a -8.11% return, which is significantly lower than QQQM's 2.30% return.
AMAL
-8.11%
14.65%
-12.67%
20.21%
18.78%
26.40%
N/A
QQQM
2.30%
17.54%
4.76%
16.33%
22.74%
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.
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Dividends
AMAL vs. QQQM - Dividend Comparison
AMAL's dividend yield for the trailing twelve months is around 1.71%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
AMAL Amalgamated Financial Corp. | 1.71% | 1.37% | 1.48% | 1.56% | 1.91% | 2.33% | 1.34% | 0.31% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 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.
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Volatility
AMAL vs. QQQM - Volatility Comparison
Amalgamated Financial Corp. (AMAL) has a higher volatility of 8.80% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.42%. 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.
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