BSE.NS vs. QQQ
Compare and contrast key facts about BSE Limited (BSE.NS) 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: BSE.NS or QQQ.
Key characteristics
| BSE.NS | QQQ | |
|---|---|---|
| YTD Return | 24.96% | 12.80% |
| 1Y Return | 133.79% | 22.67% |
| 3Y Return (Ann) | 96.60% | 7.20% |
| 5Y Return (Ann) | 78.72% | 20.04% |
| Sharpe Ratio | 3.90 | 1.31 |
| Daily Std Dev | 52.05% | 17.48% |
| Max Drawdown | -71.15% | -82.98% |
| Current Drawdown | -13.54% | -8.42% |
Correlation
The correlation between BSE.NS and QQQ is 0.08, 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
BSE.NS vs. QQQ - Performance Comparison
In the year-to-date period, BSE.NS achieves a 24.96% return, which is significantly higher than QQQ's 12.80% 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
BSE.NS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BSE Limited (BSE.NS) 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
BSE.NS vs. QQQ - Dividend Comparison
BSE.NS's dividend yield for the trailing twelve months is around 0.54%, less than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSE.NS BSE Limited | 0.54% | 0.54% | 2.48% | 1.09% | 2.75% | 4.99% | 9.36% | 3.08% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BSE.NS vs. QQQ - Drawdown Comparison
The maximum BSE.NS drawdown since its inception was -71.15%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BSE.NS and QQQ. For additional features, visit the drawdowns tool.
Volatility
BSE.NS vs. QQQ - Volatility Comparison
BSE Limited (BSE.NS) has a higher volatility of 10.89% compared to Invesco QQQ (QQQ) at 6.55%. This indicates that BSE.NS'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.