AVO vs. QQQ
Compare and contrast key facts about Mission Produce, Inc. (AVO) 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: AVO or QQQ.
Key characteristics
| AVO | QQQ | |
|---|---|---|
| YTD Return | 16.95% | 6.48% |
| 1Y Return | 1.20% | 38.66% |
| 3Y Return (Ann) | -16.52% | 10.38% |
| Sharpe Ratio | 0.00 | 2.33 |
| Daily Std Dev | 33.37% | 16.36% |
| Max Drawdown | -62.71% | -82.98% |
| Current Drawdown | -47.99% | -2.44% |
Correlation
The correlation between AVO and QQQ is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AVO vs. QQQ - Performance Comparison
In the year-to-date period, AVO achieves a 16.95% return, which is significantly higher than QQQ's 6.48% 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
AVO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mission Produce, Inc. (AVO) 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
AVO vs. QQQ - Dividend Comparison
AVO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVO Mission Produce, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
AVO vs. QQQ - Drawdown Comparison
The maximum AVO drawdown since its inception was -62.71%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AVO and QQQ. For additional features, visit the drawdowns tool.
Volatility
AVO vs. QQQ - Volatility Comparison
Mission Produce, Inc. (AVO) and Invesco QQQ (QQQ) have volatilities of 5.88% and 5.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.