AWR vs. QQQ
Compare and contrast key facts about American States Water Company (AWR) 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: AWR or QQQ.
Correlation
The correlation between AWR and QQQ is 0.34, 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
AWR vs. QQQ - Performance Comparison
Key characteristics
AWR:
-0.03
QQQ:
1.58
AWR:
0.11
QQQ:
2.13
AWR:
1.01
QQQ:
1.28
AWR:
-0.02
QQQ:
2.13
AWR:
-0.09
QQQ:
7.44
AWR:
6.54%
QQQ:
3.88%
AWR:
20.92%
QQQ:
18.24%
AWR:
-37.39%
QQQ:
-82.98%
AWR:
-23.21%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, AWR achieves a -3.65% return, which is significantly lower than QQQ's 2.06% return. Over the past 10 years, AWR has underperformed QQQ with an annualized return of 8.39%, while QQQ has yielded a comparatively higher 18.75% annualized return.
AWR
-3.65%
-5.76%
-4.29%
-0.17%
-1.22%
8.39%
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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Risk-Adjusted Performance
AWR vs. QQQ — Risk-Adjusted Performance Rank
AWR
QQQ
AWR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American States Water Company (AWR) 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
AWR vs. QQQ - Dividend Comparison
AWR's dividend yield for the trailing twelve months is around 2.39%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.39% | 2.31% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% | 2.21% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
AWR vs. QQQ - Drawdown Comparison
The maximum AWR drawdown since its inception was -37.39%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AWR and QQQ. For additional features, visit the drawdowns tool.
Volatility
AWR vs. QQQ - Volatility Comparison
American States Water Company (AWR) has a higher volatility of 7.31% compared to Invesco QQQ (QQQ) at 6.45%. This indicates that AWR'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.