ARES vs. QQQ
Compare and contrast key facts about Ares Management Corporation (ARES) 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: ARES or QQQ.
Key characteristics
| ARES | QQQ | |
|---|---|---|
| YTD Return | 43.69% | 25.79% |
| 1Y Return | 56.65% | 36.91% |
| 3Y Return (Ann) | 28.68% | 9.89% |
| 5Y Return (Ann) | 44.54% | 21.42% |
| 10Y Return (Ann) | 31.89% | 18.39% |
| Sharpe Ratio | 2.13 | 2.11 |
| Sortino Ratio | 2.73 | 2.78 |
| Omega Ratio | 1.35 | 1.38 |
| Calmar Ratio | 4.60 | 2.69 |
| Martin Ratio | 13.02 | 9.81 |
| Ulcer Index | 4.49% | 3.72% |
| Daily Std Dev | 27.49% | 17.32% |
| Max Drawdown | -45.85% | -82.98% |
| Current Drawdown | -2.93% | -0.24% |
Correlation
The correlation between ARES and QQQ is 0.45, 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
ARES vs. QQQ - Performance Comparison
In the year-to-date period, ARES achieves a 43.69% return, which is significantly higher than QQQ's 25.79% return. Over the past 10 years, ARES has outperformed QQQ with an annualized return of 31.89%, while QQQ has yielded a comparatively lower 18.39% 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
ARES vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) 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
ARES vs. QQQ - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 2.13%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 2.13% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 6.30% | 4.32% | 6.81% | 2.45% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ARES vs. QQQ - Drawdown Comparison
The maximum ARES drawdown since its inception was -45.85%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARES and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARES vs. QQQ - Volatility Comparison
Ares Management Corporation (ARES) has a higher volatility of 8.91% compared to Invesco QQQ (QQQ) at 4.90%. This indicates that ARES'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.