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ASH vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ASH and QQQ is 0.46, 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.


-0.50.00.51.00.5

Performance

ASH vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashland Global Holdings Inc. (ASH) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

700.00%800.00%900.00%1,000.00%1,100.00%JulyAugustSeptemberOctoberNovemberDecember
740.52%
1,092.67%
ASH
QQQ

Key characteristics

Sharpe Ratio

ASH:

-0.49

QQQ:

1.64

Sortino Ratio

ASH:

-0.57

QQQ:

2.19

Omega Ratio

ASH:

0.92

QQQ:

1.30

Calmar Ratio

ASH:

-0.40

QQQ:

2.16

Martin Ratio

ASH:

-1.17

QQQ:

7.79

Ulcer Index

ASH:

11.67%

QQQ:

3.76%

Daily Std Dev

ASH:

28.05%

QQQ:

17.85%

Max Drawdown

ASH:

-91.64%

QQQ:

-82.98%

Current Drawdown

ASH:

-34.49%

QQQ:

-3.63%

Returns By Period

In the year-to-date period, ASH achieves a -13.24% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, ASH has underperformed QQQ with an annualized return of 3.52%, while QQQ has yielded a comparatively higher 18.36% annualized return.


ASH

YTD

-13.24%

1M

-5.23%

6M

-25.10%

1Y

-14.20%

5Y*

0.28%

10Y*

3.52%

QQQ

YTD

27.20%

1M

3.08%

6M

8.34%

1Y

27.81%

5Y*

20.44%

10Y*

18.36%

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Risk-Adjusted Performance

ASH vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashland Global Holdings Inc. (ASH) 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
The chart of Sharpe ratio for ASH, currently valued at -0.49, compared to the broader market-4.00-2.000.002.00-0.491.64
The chart of Sortino ratio for ASH, currently valued at -0.57, compared to the broader market-4.00-2.000.002.004.00-0.572.19
The chart of Omega ratio for ASH, currently valued at 0.92, compared to the broader market0.501.001.502.000.921.30
The chart of Calmar ratio for ASH, currently valued at -0.40, compared to the broader market0.002.004.006.00-0.402.16
The chart of Martin ratio for ASH, currently valued at -1.17, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.177.79
ASH
QQQ

The current ASH Sharpe Ratio is -0.49, which is lower than the QQQ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of ASH and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.49
1.64
ASH
QQQ

Dividends

ASH vs. QQQ - Dividend Comparison

ASH's dividend yield for the trailing twelve months is around 2.23%, more than QQQ's 0.43% yield.


TTM20232022202120202019201820172016201520142013
ASH
Ashland Global Holdings Inc.
2.23%1.77%1.21%1.09%1.39%1.40%1.37%1.22%1.43%1.47%1.14%1.28%
QQQ
Invesco QQQ
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

ASH vs. QQQ - Drawdown Comparison

The maximum ASH drawdown since its inception was -91.64%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ASH and QQQ. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-34.49%
-3.63%
ASH
QQQ

Volatility

ASH vs. QQQ - Volatility Comparison

Ashland Global Holdings Inc. (ASH) has a higher volatility of 6.36% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that ASH'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.


4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
6.36%
5.29%
ASH
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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