BEPC vs. QQQ
Compare and contrast key facts about Brookfield Renewable Corporation (BEPC) 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: BEPC or QQQ.
Key characteristics
| BEPC | QQQ | |
|---|---|---|
| YTD Return | -17.09% | 3.93% |
| 1Y Return | -27.72% | 35.44% |
| 3Y Return (Ann) | -15.54% | 8.50% |
| Sharpe Ratio | -0.82 | 2.15 |
| Daily Std Dev | 33.35% | 16.38% |
| Max Drawdown | -61.04% | -82.98% |
| Current Drawdown | -57.25% | -4.77% |
Correlation
The correlation between BEPC and QQQ is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BEPC vs. QQQ - Performance Comparison
In the year-to-date period, BEPC achieves a -17.09% return, which is significantly lower than QQQ's 3.93% 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
BEPC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Corporation (BEPC) 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
BEPC vs. QQQ - Dividend Comparison
BEPC's dividend yield for the trailing twelve months is around 5.81%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEPC Brookfield Renewable Corporation | 5.81% | 4.69% | 4.65% | 3.30% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BEPC vs. QQQ - Drawdown Comparison
The maximum BEPC drawdown since its inception was -61.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BEPC and QQQ. For additional features, visit the drawdowns tool.
Volatility
BEPC vs. QQQ - Volatility Comparison
Brookfield Renewable Corporation (BEPC) has a higher volatility of 9.02% compared to Invesco QQQ (QQQ) at 4.81%. This indicates that BEPC'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.