AMAT vs. QQQ
Compare and contrast key facts about Applied Materials, Inc. (AMAT) 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: AMAT or QQQ.
Key characteristics
AMAT | QQQ | |
---|---|---|
YTD Return | 28.56% | 8.77% |
1Y Return | 80.23% | 45.81% |
3Y Return (Ann) | 18.39% | 12.81% |
5Y Return (Ann) | 40.92% | 20.75% |
10Y Return (Ann) | 28.04% | 18.73% |
Sharpe Ratio | 2.27 | 2.80 |
Daily Std Dev | 33.76% | 16.07% |
Max Drawdown | -85.22% | -82.98% |
Current Drawdown | -2.17% | -0.35% |
Correlation
The correlation between AMAT and QQQ is 0.69, 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
AMAT vs. QQQ - Performance Comparison
In the year-to-date period, AMAT achieves a 28.56% return, which is significantly higher than QQQ's 8.77% return. Over the past 10 years, AMAT has outperformed QQQ with an annualized return of 28.04%, while QQQ has yielded a comparatively lower 18.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Risk-Adjusted Performance
AMAT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Applied Materials, Inc. | 2.27 | ||||
Invesco QQQ | 2.80 |
Dividends
AMAT vs. QQQ - Dividend Comparison
AMAT's dividend yield for the trailing twelve months is around 0.62%, more than QQQ's 0.59% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Applied Materials, Inc. | 0.62% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% | 1.61% | 2.21% |
Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AMAT vs. QQQ - Drawdown Comparison
The maximum AMAT drawdown since its inception was -85.22%, roughly equal to the maximum QQQ drawdown of -82.98%. The drawdown chart below compares losses from any high point along the way for AMAT and QQQ
Volatility
AMAT vs. QQQ - Volatility Comparison
Applied Materials, Inc. (AMAT) has a higher volatility of 8.78% compared to Invesco QQQ (QQQ) at 4.40%. This indicates that AMAT'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.