BP vs. QQQ
Compare and contrast key facts about BP p.l.c. (BP) 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: BP or QQQ.
Correlation
The correlation between BP and QQQ is 0.48, 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
BP vs. QQQ - Performance Comparison
Key characteristics
BP:
-0.78
QQQ:
0.45
BP:
-0.92
QQQ:
0.80
BP:
0.87
QQQ:
1.11
BP:
-0.71
QQQ:
0.50
BP:
-1.33
QQQ:
1.71
BP:
16.28%
QQQ:
6.68%
BP:
28.00%
QQQ:
25.28%
BP:
-69.44%
QQQ:
-82.98%
BP:
-22.62%
QQQ:
-12.31%
Returns By Period
In the year-to-date period, BP achieves a -0.07% return, which is significantly higher than QQQ's -7.46% return. Over the past 10 years, BP has underperformed QQQ with an annualized return of 1.93%, while QQQ has yielded a comparatively higher 16.75% annualized return.
BP
-0.07%
-13.97%
-3.33%
-21.96%
8.39%
1.93%
QQQ
-7.46%
0.74%
-4.34%
10.28%
17.43%
16.75%
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Risk-Adjusted Performance
BP vs. QQQ — Risk-Adjusted Performance Rank
BP
QQQ
BP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. (BP) 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
BP vs. QQQ - Dividend Comparison
BP's dividend yield for the trailing twelve months is around 6.44%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 6.44% | 6.20% | 4.71% | 3.94% | 4.83% | 9.21% | 6.52% | 6.41% | 5.71% | 6.42% | 7.67% | 6.14% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BP vs. QQQ - Drawdown Comparison
The maximum BP drawdown since its inception was -69.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BP and QQQ. For additional features, visit the drawdowns tool.
Volatility
BP vs. QQQ - Volatility Comparison
BP p.l.c. (BP) and Invesco QQQ (QQQ) have volatilities of 17.35% and 16.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.