BYDDY vs. QQQ
Compare and contrast key facts about BYD Co Ltd 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.
Key characteristics
| BYDDY | QQQ | |
|---|---|---|
| YTD Return | 4.38% | 10.46% |
| 1Y Return | -7.51% | 34.84% |
| 3Y Return (Ann) | 13.99% | 12.65% |
| 5Y Return (Ann) | 36.97% | 20.64% |
| 10Y Return (Ann) | 19.33% | 18.79% |
| Sharpe Ratio | -0.18 | 2.30 |
| Daily Std Dev | 33.19% | 16.24% |
| Max Drawdown | -87.26% | -82.98% |
| Current Drawdown | -31.79% | -0.25% |
Correlation
The correlation between BYDDY and QQQ is 0.15, 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
In the year-to-date period, BYDDY achieves a 4.38% return, which is significantly lower than QQQ's 10.46% return. Both investments have delivered pretty close results over the past 10 years, with BYDDY having a 19.33% annualized return and QQQ not far behind at 18.79%. 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
BYDDY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BYD Co Ltd 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 0.56%, less than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYDDY BYD Co Ltd ADR | 0.56% | 0.59% | 0.06% | 0.07% | 0.03% | 0.59% | 0.34% | 0.30% | 1.03% | 0.00% | 0.21% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BYDDY vs. QQQ - Drawdown Comparison
The maximum BYDDY drawdown since its inception was -87.26%, 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 Co Ltd ADR (BYDDY) has a higher volatility of 7.88% compared to Invesco QQQ (QQQ) at 4.84%. 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.