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:
-0.66
QQQ:
1.54
BP:
-0.79
QQQ:
2.06
BP:
0.90
QQQ:
1.28
BP:
-0.54
QQQ:
2.03
BP:
-1.13
QQQ:
7.34
BP:
12.56%
QQQ:
3.75%
BP:
21.47%
QQQ:
17.90%
BP:
-69.44%
QQQ:
-82.98%
BP:
-25.24%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, BP achieves a -14.89% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, BP has underperformed QQQ with an annualized return of 2.68%, while QQQ has yielded a comparatively higher 18.30% annualized return.
BP
-14.89%
-2.99%
-16.87%
-14.89%
-0.27%
2.68%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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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 6.40%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 6.40% | 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 | 0.43% | 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 7.56% compared to Invesco QQQ (QQQ) at 5.23%. 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.