BIPC.TO vs. QQQ
Compare and contrast key facts about Brookfield Infrastructure Corporation (BIPC.TO) 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: BIPC.TO or QQQ.
Key characteristics
BIPC.TO | QQQ | |
---|---|---|
YTD Return | -7.62% | 3.78% |
1Y Return | -25.00% | 37.01% |
3Y Return (Ann) | -8.68% | 8.20% |
Sharpe Ratio | -0.81 | 2.33 |
Daily Std Dev | 32.20% | 16.27% |
Max Drawdown | -45.82% | -82.98% |
Current Drawdown | -34.49% | -4.91% |
Correlation
The correlation between BIPC.TO and QQQ is 0.33, 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
BIPC.TO vs. QQQ - Performance Comparison
In the year-to-date period, BIPC.TO achieves a -7.62% return, which is significantly lower than QQQ's 3.78% 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
BIPC.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Corporation (BIPC.TO) 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
BIPC.TO vs. QQQ - Dividend Comparison
BIPC.TO's dividend yield for the trailing twelve months is around 3.60%, more than QQQ's 0.62% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Brookfield Infrastructure Corporation | 3.60% | 3.27% | 2.28% | 1.58% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
BIPC.TO vs. QQQ - Drawdown Comparison
The maximum BIPC.TO drawdown since its inception was -45.82%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BIPC.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
BIPC.TO vs. QQQ - Volatility Comparison
Brookfield Infrastructure Corporation (BIPC.TO) has a higher volatility of 10.94% compared to Invesco QQQ (QQQ) at 4.84%. This indicates that BIPC.TO'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.