BYIT.L vs. QQQ
Compare and contrast key facts about Bytes Technology Ltd (BYIT.L) 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: BYIT.L or QQQ.
Correlation
The correlation between BYIT.L and QQQ is 0.38, 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
BYIT.L vs. QQQ - Performance Comparison
Key characteristics
BYIT.L:
-0.81
QQQ:
1.44
BYIT.L:
-1.01
QQQ:
1.95
BYIT.L:
0.87
QQQ:
1.26
BYIT.L:
-0.73
QQQ:
1.94
BYIT.L:
-1.32
QQQ:
6.71
BYIT.L:
19.94%
QQQ:
3.92%
BYIT.L:
32.28%
QQQ:
18.27%
BYIT.L:
-36.38%
QQQ:
-82.98%
BYIT.L:
-29.23%
QQQ:
0.00%
Returns By Period
In the year-to-date period, BYIT.L achieves a 6.01% return, which is significantly higher than QQQ's 5.27% return.
BYIT.L
6.01%
3.70%
-5.42%
-26.32%
N/A
N/A
QQQ
5.27%
3.15%
13.63%
25.73%
18.87%
18.44%
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Risk-Adjusted Performance
BYIT.L vs. QQQ — Risk-Adjusted Performance Rank
BYIT.L
QQQ
BYIT.L vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bytes Technology Ltd (BYIT.L) 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
BYIT.L vs. QQQ - Dividend Comparison
BYIT.L's dividend yield for the trailing twelve months is around 263.39%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYIT.L Bytes Technology Ltd | 263.39% | 279.22% | 166.67% | 222.22% | 35.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BYIT.L vs. QQQ - Drawdown Comparison
The maximum BYIT.L drawdown since its inception was -36.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BYIT.L and QQQ. For additional features, visit the drawdowns tool.
Volatility
BYIT.L vs. QQQ - Volatility Comparison
Bytes Technology Ltd (BYIT.L) has a higher volatility of 7.46% compared to Invesco QQQ (QQQ) at 4.93%. This indicates that BYIT.L'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.