BIAF vs. QQQ
Compare and contrast key facts about bioAffinity Technologies Inc. (BIAF) 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: BIAF or QQQ.
Correlation
The correlation between BIAF and QQQ is 0.15, 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
BIAF vs. QQQ - Performance Comparison
Key characteristics
BIAF:
-0.24
QQQ:
0.63
BIAF:
0.82
QQQ:
1.03
BIAF:
1.10
QQQ:
1.14
BIAF:
-0.84
QQQ:
0.70
BIAF:
-1.47
QQQ:
2.32
BIAF:
55.75%
QQQ:
6.82%
BIAF:
339.38%
QQQ:
25.22%
BIAF:
-96.87%
QQQ:
-82.98%
BIAF:
-94.60%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, BIAF achieves a -50.71% return, which is significantly lower than QQQ's -4.24% return.
BIAF
-50.71%
-34.37%
-67.26%
-78.54%
N/A
N/A
QQQ
-4.24%
15.65%
0.60%
12.94%
18.38%
17.34%
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Risk-Adjusted Performance
BIAF vs. QQQ — Risk-Adjusted Performance Rank
BIAF
QQQ
BIAF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for bioAffinity Technologies Inc. (BIAF) 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
BIAF vs. QQQ - Dividend Comparison
BIAF has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAF bioAffinity Technologies 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% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BIAF vs. QQQ - Drawdown Comparison
The maximum BIAF drawdown since its inception was -96.87%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BIAF and QQQ. For additional features, visit the drawdowns tool.
Volatility
BIAF vs. QQQ - Volatility Comparison
bioAffinity Technologies Inc. (BIAF) has a higher volatility of 35.84% compared to Invesco QQQ (QQQ) at 16.72%. This indicates that BIAF'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.