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:
0.77
QQQ:
0.14
AWR:
1.21
QQQ:
0.31
AWR:
1.15
QQQ:
1.04
AWR:
0.50
QQQ:
0.17
AWR:
2.14
QQQ:
0.53
AWR:
7.71%
QQQ:
5.24%
AWR:
21.31%
QQQ:
20.34%
AWR:
-37.39%
QQQ:
-82.98%
AWR:
-17.73%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, AWR achieves a 3.21% return, which is significantly higher than QQQ's -11.72% return. Over the past 10 years, AWR has underperformed QQQ with an annualized return of 9.08%, while QQQ has yielded a comparatively higher 16.52% annualized return.
AWR
3.21%
2.71%
-3.63%
17.28%
2.21%
9.08%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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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 2.29%, more than QQQ's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.29% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% | 2.21% |
QQQ Invesco QQQ | 0.66% | 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
The current volatility for American States Water Company (AWR) is 6.83%, while Invesco QQQ (QQQ) has a volatility of 9.26%. This indicates that AWR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.