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:
0.17
QQQ:
1.58
BCH-USD:
0.79
QQQ:
2.13
BCH-USD:
1.08
QQQ:
1.28
BCH-USD:
0.03
QQQ:
2.13
BCH-USD:
0.47
QQQ:
7.44
BCH-USD:
26.93%
QQQ:
3.88%
BCH-USD:
83.29%
QQQ:
18.24%
BCH-USD:
-98.03%
QQQ:
-82.98%
BCH-USD:
-88.12%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, BCH-USD achieves a 7.45% return, which is significantly higher than QQQ's 2.06% return.
BCH-USD
7.45%
5.93%
17.82%
97.15%
6.28%
N/A
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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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 20.06% compared to Invesco QQQ (QQQ) at 5.19%. 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.