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.
Performance
BYDDY vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BYDDY having a 24.18% return and QQQ slightly lower at 23.84%. Over the past 10 years, BYDDY has outperformed QQQ with an annualized return of 19.27%, while QQQ has yielded a comparatively lower 18.03% annualized return.
BYDDY
24.18%
-8.01%
29.33%
11.42%
48.56%
19.27%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| BYDDY | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.29 | 1.78 |
| Sortino Ratio | 0.69 | 2.37 |
| Omega Ratio | 1.08 | 1.32 |
| Calmar Ratio | 0.18 | 2.28 |
| Martin Ratio | 0.82 | 8.27 |
| Ulcer Index | 13.12% | 3.73% |
| Daily Std Dev | 37.72% | 17.37% |
| Max Drawdown | -97.37% | -82.98% |
| Current Drawdown | -36.11% | -1.78% |
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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.
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 1.27%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYDDY BYD Co Ltd ADR | 1.27% | 0.60% | 0.07% | 0.07% | 0.03% | 0.60% | 0.36% | 0.30% | 1.06% | 0.00% | 0.20% | 0.00% |
QQQ Invesco QQQ | 0.60% | 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 Co Ltd ADR (BYDDY) has a higher volatility of 10.73% compared to Invesco QQQ (QQQ) at 5.41%. 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.