ARCB vs. QQQ
Compare and contrast key facts about ArcBest Corporation (ARCB) 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: ARCB or QQQ.
Key characteristics
| ARCB | QQQ | |
|---|---|---|
| YTD Return | -11.30% | 16.64% |
| 1Y Return | 1.08% | 26.87% |
| 3Y Return (Ann) | 17.40% | 8.55% |
| 5Y Return (Ann) | 30.05% | 21.34% |
| 10Y Return (Ann) | 12.00% | 17.88% |
| Sharpe Ratio | 0.02 | 1.59 |
| Daily Std Dev | 46.98% | 17.19% |
| Max Drawdown | -85.88% | -82.98% |
| Current Drawdown | -29.80% | -5.31% |
Correlation
The correlation between ARCB and QQQ is 0.43, 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
ARCB vs. QQQ - Performance Comparison
In the year-to-date period, ARCB achieves a -11.30% return, which is significantly lower than QQQ's 16.64% return. Over the past 10 years, ARCB has underperformed QQQ with an annualized return of 12.00%, while QQQ has yielded a comparatively higher 17.88% 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
ARCB vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ArcBest Corporation (ARCB) 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
ARCB vs. QQQ - Dividend Comparison
ARCB's dividend yield for the trailing twelve months is around 0.45%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCB ArcBest Corporation | 0.45% | 0.40% | 0.63% | 0.27% | 0.75% | 1.16% | 0.93% | 0.90% | 1.16% | 1.22% | 0.32% | 0.36% |
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
ARCB vs. QQQ - Drawdown Comparison
The maximum ARCB drawdown since its inception was -85.88%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARCB and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARCB vs. QQQ - Volatility Comparison
ArcBest Corporation (ARCB) has a higher volatility of 17.33% compared to Invesco QQQ (QQQ) at 7.06%. This indicates that ARCB'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.