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.
Key characteristics
| AWR | QQQ | |
|---|---|---|
| YTD Return | 8.61% | 25.79% |
| 1Y Return | 13.09% | 36.91% |
| 3Y Return (Ann) | -0.72% | 9.89% |
| 5Y Return (Ann) | 2.11% | 21.42% |
| 10Y Return (Ann) | 11.70% | 18.39% |
| Sharpe Ratio | 0.63 | 2.11 |
| Sortino Ratio | 1.05 | 2.78 |
| Omega Ratio | 1.12 | 1.38 |
| Calmar Ratio | 0.41 | 2.69 |
| Martin Ratio | 1.39 | 9.81 |
| Ulcer Index | 9.61% | 3.72% |
| Daily Std Dev | 21.16% | 17.32% |
| Max Drawdown | -37.39% | -82.98% |
| Current Drawdown | -12.40% | -0.24% |
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
In the year-to-date period, AWR achieves a 8.61% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, AWR has underperformed QQQ with an annualized return of 11.70%, while QQQ has yielded a comparatively higher 18.39% annualized 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
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 2.04%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.04% | 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 | 0.59% | 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 5.74% compared to Invesco QQQ (QQQ) at 5.14%. 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.