BBAI vs. XQQ.TO
Compare and contrast key facts about BigBear.ai Holdings, Inc. (BBAI) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO).
XQQ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBAI or XQQ.TO.
Key characteristics
| BBAI | XQQ.TO | |
|---|---|---|
| YTD Return | -18.22% | 5.66% |
| 1Y Return | -39.66% | 33.16% |
| 3Y Return (Ann) | -43.64% | 6.74% |
| Sharpe Ratio | -0.35 | 2.08 |
| Daily Std Dev | 108.33% | 16.34% |
| Max Drawdown | -95.01% | -38.55% |
| Current Drawdown | -86.21% | -3.16% |
Correlation
The correlation between BBAI and XQQ.TO is 0.19, 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
BBAI vs. XQQ.TO - Performance Comparison
In the year-to-date period, BBAI achieves a -18.22% return, which is significantly lower than XQQ.TO's 5.66% 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
BBAI vs. XQQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO). 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
BBAI vs. XQQ.TO - Dividend Comparison
BBAI has not paid dividends to shareholders, while XQQ.TO's dividend yield for the trailing twelve months is around 0.29%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBAI BigBear.ai Holdings, 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% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.29% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% | 1.30% | 1.10% |
Drawdowns
BBAI vs. XQQ.TO - Drawdown Comparison
The maximum BBAI drawdown since its inception was -95.01%, which is greater than XQQ.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for BBAI and XQQ.TO. For additional features, visit the drawdowns tool.
Volatility
BBAI vs. XQQ.TO - Volatility Comparison
BigBear.ai Holdings, Inc. (BBAI) has a higher volatility of 22.10% compared to iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) at 5.72%. This indicates that BBAI's price experiences larger fluctuations and is considered to be riskier than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.