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 | -5.26% | 26.09% |
| 1Y Return | -6.22% | 39.88% |
| 3Y Return (Ann) | -2.68% | 9.90% |
| 5Y Return (Ann) | 11.15% | 21.46% |
| 10Y Return (Ann) | 38.40% | 18.52% |
| Sharpe Ratio | -0.33 | 2.22 |
| Sortino Ratio | -0.30 | 2.92 |
| Omega Ratio | 0.96 | 1.40 |
| Calmar Ratio | -0.37 | 2.86 |
| Martin Ratio | -0.84 | 10.44 |
| Ulcer Index | 9.83% | 3.72% |
| Daily Std Dev | 24.95% | 17.47% |
| Max Drawdown | -90.92% | -82.98% |
| Current Drawdown | -14.96% | 0.00% |
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 -5.26% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, BAJFINANCE.NS has outperformed QQQ with an annualized return of 38.40%, while QQQ has yielded a comparatively lower 18.52% 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 0.52%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAJFINANCE.NS Bajaj Finance Limited | 0.52% | 0.41% | 0.30% | 0.14% | 0.19% | 0.14% | 0.15% | 0.20% | 0.30% | 0.30% | 0.45% | 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% | 1.02% |
Drawdowns
BAJFINANCE.NS vs. QQQ - Drawdown Comparison
The maximum BAJFINANCE.NS drawdown since its inception was -90.92%, 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 7.28% compared to Invesco QQQ (QQQ) at 5.17%. 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.