BAJFINANCE.NS vs. QQQ
Compare and contrast key facts about Bajaj Finance Limited (BAJFINANCE.NS) 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: BAJFINANCE.NS or QQQ.
Key characteristics
| BAJFINANCE.NS | QQQ | |
|---|---|---|
| YTD Return | -8.31% | 8.34% |
| 1Y Return | 0.49% | 37.23% |
| 3Y Return (Ann) | 8.53% | 11.48% |
| 5Y Return (Ann) | 18.17% | 20.20% |
| 10Y Return (Ann) | 45.52% | 18.61% |
| Sharpe Ratio | 0.23 | 2.27 |
| Daily Std Dev | 23.78% | 16.23% |
| Max Drawdown | -90.79% | -82.98% |
| Current Drawdown | -17.75% | -0.74% |
Correlation
The correlation between BAJFINANCE.NS and QQQ is 0.12, 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
BAJFINANCE.NS vs. QQQ - Performance Comparison
In the year-to-date period, BAJFINANCE.NS achieves a -8.31% return, which is significantly lower than QQQ's 8.34% return. Over the past 10 years, BAJFINANCE.NS has outperformed QQQ with an annualized return of 45.52%, while QQQ has yielded a comparatively lower 18.61% 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
BAJFINANCE.NS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bajaj Finance Limited (BAJFINANCE.NS) 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
BAJFINANCE.NS vs. QQQ - Dividend Comparison
BAJFINANCE.NS's dividend yield for the trailing twelve months is around 0.45%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAJFINANCE.NS Bajaj Finance Limited | 0.45% | 0.41% | 0.30% | 0.14% | 0.19% | 0.14% | 0.15% | 0.20% | 0.30% | 0.30% | 0.46% | 0.95% |
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% | 1.01% |
Drawdowns
BAJFINANCE.NS vs. QQQ - Drawdown Comparison
The maximum BAJFINANCE.NS drawdown since its inception was -90.79%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BAJFINANCE.NS and QQQ. For additional features, visit the drawdowns tool.
Volatility
BAJFINANCE.NS vs. QQQ - Volatility Comparison
Bajaj Finance Limited (BAJFINANCE.NS) has a higher volatility of 10.51% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that BAJFINANCE.NS'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.