AZEK vs. QQQ
Compare and contrast key facts about The AZEK Company Inc. (AZEK) 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: AZEK or QQQ.
Correlation
The correlation between AZEK and QQQ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AZEK vs. QQQ - Performance Comparison
Key characteristics
AZEK:
0.81
QQQ:
1.64
AZEK:
1.34
QQQ:
2.19
AZEK:
1.18
QQQ:
1.30
AZEK:
0.99
QQQ:
2.16
AZEK:
2.95
QQQ:
7.79
AZEK:
9.96%
QQQ:
3.76%
AZEK:
36.46%
QQQ:
17.85%
AZEK:
-70.04%
QQQ:
-82.98%
AZEK:
-10.54%
QQQ:
-3.63%
Returns By Period
The year-to-date returns for both stocks are quite close, with AZEK having a 28.08% return and QQQ slightly lower at 27.20%.
AZEK
28.08%
1.60%
10.09%
27.78%
N/A
N/A
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
AZEK vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The AZEK Company Inc. (AZEK) 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
AZEK vs. QQQ - Dividend Comparison
AZEK has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZEK The AZEK Company 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 | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AZEK vs. QQQ - Drawdown Comparison
The maximum AZEK drawdown since its inception was -70.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AZEK and QQQ. For additional features, visit the drawdowns tool.
Volatility
AZEK vs. QQQ - Volatility Comparison
The AZEK Company Inc. (AZEK) has a higher volatility of 11.10% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that AZEK'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.