AME vs. QQQ
Compare and contrast key facts about AMETEK, Inc. (AME) 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: AME or QQQ.
Key characteristics
| AME | QQQ | |
|---|---|---|
| YTD Return | 1.17% | 6.48% |
| 1Y Return | 17.30% | 38.66% |
| 3Y Return (Ann) | 7.69% | 10.38% |
| 5Y Return (Ann) | 14.55% | 18.72% |
| 10Y Return (Ann) | 13.02% | 18.51% |
| Sharpe Ratio | 0.97 | 2.33 |
| Daily Std Dev | 16.41% | 16.36% |
| Max Drawdown | -53.31% | -82.98% |
| Current Drawdown | -9.92% | -2.44% |
Correlation
The correlation between AME and QQQ is 0.54, 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
AME vs. QQQ - Performance Comparison
In the year-to-date period, AME achieves a 1.17% return, which is significantly lower than QQQ's 6.48% return. Over the past 10 years, AME has underperformed QQQ with an annualized return of 13.02%, while QQQ has yielded a comparatively higher 18.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AME vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) 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
AME vs. QQQ - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.62%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% | 0.63% | 0.46% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AME vs. QQQ - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AME and QQQ. For additional features, visit the drawdowns tool.
Volatility
AME vs. QQQ - Volatility Comparison
AMETEK, Inc. (AME) has a higher volatility of 7.33% compared to Invesco QQQ (QQQ) at 5.81%. This indicates that AME'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.