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 0.34, 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
BP vs. QQQ - Performance Comparison
Key characteristics
BP:
-0.06
QQQ:
1.58
BP:
0.06
QQQ:
2.13
BP:
1.01
QQQ:
1.28
BP:
-0.05
QQQ:
2.13
BP:
-0.10
QQQ:
7.44
BP:
13.76%
QQQ:
3.88%
BP:
21.68%
QQQ:
18.24%
BP:
-69.44%
QQQ:
-82.98%
BP:
-16.99%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, BP achieves a 7.21% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, BP has underperformed QQQ with an annualized return of 3.92%, while QQQ has yielded a comparatively higher 18.75% annualized return.
BP
7.21%
11.55%
-7.66%
-1.17%
1.35%
3.92%
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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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 5.77%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 5.77% | 6.18% | 4.71% | 3.94% | 4.83% | 9.21% | 6.51% | 6.36% | 5.66% | 6.37% | 7.63% | 6.14% |
QQQ Invesco QQQ | 0.55% | 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
The current volatility for BP p.l.c. (BP) is 5.30%, while Invesco QQQ (QQQ) has a volatility of 6.45%. This indicates that BP experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.