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.
Performance
BP vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, BP achieves a -13.58% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, BP has underperformed QQQ with an annualized return of 2.24%, while QQQ has yielded a comparatively higher 17.95% annualized return.
BP
-13.58%
-6.01%
-20.31%
-14.09%
-0.39%
2.24%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| BP | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.67 | 1.70 |
| Sortino Ratio | -0.80 | 2.29 |
| Omega Ratio | 0.90 | 1.31 |
| Calmar Ratio | -0.54 | 2.19 |
| Martin Ratio | -1.32 | 7.96 |
| Ulcer Index | 10.66% | 3.72% |
| Daily Std Dev | 20.90% | 17.39% |
| Max Drawdown | -69.44% | -82.98% |
| Current Drawdown | -24.09% | -3.42% |
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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.
Risk-Adjusted Performance
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 6.31%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 6.31% | 4.71% | 3.94% | 4.83% | 9.21% | 6.51% | 6.36% | 5.66% | 6.37% | 7.63% | 6.14% | 4.51% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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) has a higher volatility of 8.02% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that BP'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.