BCH-USD vs. QQQ
Compare and contrast key facts about Bitcoin Cash (BCH-USD) 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: BCH-USD or QQQ.
Correlation
The correlation between BCH-USD and QQQ is 0.17, 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
BCH-USD vs. QQQ - Performance Comparison
Key characteristics
BCH-USD:
-0.43
QQQ:
1.40
BCH-USD:
-0.20
QQQ:
1.90
BCH-USD:
0.98
QQQ:
1.25
BCH-USD:
0.01
QQQ:
1.88
BCH-USD:
-1.40
QQQ:
6.51
BCH-USD:
23.86%
QQQ:
3.92%
BCH-USD:
84.05%
QQQ:
18.23%
BCH-USD:
-98.03%
QQQ:
-82.98%
BCH-USD:
-91.69%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, BCH-USD achieves a -24.85% return, which is significantly lower than QQQ's 5.09% return.
BCH-USD
-24.85%
-26.95%
-5.93%
23.90%
-2.70%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
BCH-USD vs. QQQ — Risk-Adjusted Performance Rank
BCH-USD
QQQ
BCH-USD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Cash (BCH-USD) 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.
Drawdowns
BCH-USD vs. QQQ - Drawdown Comparison
The maximum BCH-USD drawdown since its inception was -98.03%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BCH-USD and QQQ. For additional features, visit the drawdowns tool.
Volatility
BCH-USD vs. QQQ - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 18.21% compared to Invesco QQQ (QQQ) at 4.67%. This indicates that BCH-USD'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.