BYDDY vs. QQQ
Compare and contrast key facts about BYD Company Limited ADR (BYDDY) 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: BYDDY or QQQ.
Correlation
The correlation between BYDDY and QQQ is 0.35, 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
BYDDY vs. QQQ - Performance Comparison
Key characteristics
BYDDY:
1.03
QQQ:
1.64
BYDDY:
1.63
QQQ:
2.19
BYDDY:
1.19
QQQ:
1.30
BYDDY:
0.66
QQQ:
2.16
BYDDY:
3.92
QQQ:
7.79
BYDDY:
9.94%
QQQ:
3.76%
BYDDY:
38.02%
QQQ:
17.85%
BYDDY:
-97.37%
QQQ:
-82.98%
BYDDY:
-34.72%
QQQ:
-3.63%
Returns By Period
The year-to-date returns for both investments are quite close, with BYDDY having a 26.88% return and QQQ slightly higher at 27.20%. Over the past 10 years, BYDDY has outperformed QQQ with an annualized return of 25.56%, while QQQ has yielded a comparatively lower 18.36% annualized return.
BYDDY
26.88%
1.83%
14.42%
34.34%
49.31%
25.56%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
BYDDY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BYD Company Limited ADR (BYDDY) 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
BYDDY vs. QQQ - Dividend Comparison
BYDDY's dividend yield for the trailing twelve months is around 1.24%, more than QQQ's 0.43% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BYD Company Limited ADR | 1.24% | 0.60% | 0.07% | 0.07% | 0.03% | 0.60% | 0.36% | 0.30% | 1.06% | 0.00% | 0.20% | 0.00% |
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
BYDDY vs. QQQ - Drawdown Comparison
The maximum BYDDY drawdown since its inception was -97.37%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BYDDY and QQQ. For additional features, visit the drawdowns tool.
Volatility
BYDDY vs. QQQ - Volatility Comparison
BYD Company Limited ADR (BYDDY) has a higher volatility of 10.80% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that BYDDY'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.