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:
0.00
QQQ:
1.64
AWR:
0.15
QQQ:
2.19
AWR:
1.02
QQQ:
1.30
AWR:
0.00
QQQ:
2.16
AWR:
0.01
QQQ:
7.79
AWR:
7.96%
QQQ:
3.76%
AWR:
20.49%
QQQ:
17.85%
AWR:
-37.39%
QQQ:
-82.98%
AWR:
-18.46%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, AWR achieves a 1.10% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, AWR has underperformed QQQ with an annualized return of 10.16%, while QQQ has yielded a comparatively higher 18.36% annualized return.
AWR
1.10%
-5.79%
13.83%
-0.07%
-0.18%
10.16%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
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 2.25%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.25% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% | 2.21% | 2.65% |
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
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 5.66% compared to Invesco QQQ (QQQ) at 5.29%. 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.