BYND vs. QQQ
Compare and contrast key facts about Beyond Meat, Inc. (BYND) 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: BYND or QQQ.
Correlation
The correlation between BYND and QQQ is 0.34, 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
BYND vs. QQQ - Performance Comparison
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Key characteristics
BYND:
-0.93
QQQ:
0.64
BYND:
-1.88
QQQ:
1.12
BYND:
0.80
QQQ:
1.16
BYND:
-0.66
QQQ:
0.78
BYND:
-1.60
QQQ:
2.53
BYND:
40.81%
QQQ:
6.98%
BYND:
66.55%
QQQ:
25.46%
BYND:
-99.03%
QQQ:
-82.98%
BYND:
-98.82%
QQQ:
-3.19%
Returns By Period
In the year-to-date period, BYND achieves a -26.33% return, which is significantly lower than QQQ's 2.16% return.
BYND
-26.33%
0.36%
-46.11%
-61.47%
-53.80%
N/A
QQQ
2.16%
17.43%
5.35%
16.14%
18.86%
17.81%
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Risk-Adjusted Performance
BYND vs. QQQ — Risk-Adjusted Performance Rank
BYND
QQQ
BYND vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Beyond Meat, Inc. (BYND) 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.
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Dividends
BYND vs. QQQ - Dividend Comparison
BYND has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BYND Beyond Meat, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BYND vs. QQQ - Drawdown Comparison
The maximum BYND drawdown since its inception was -99.03%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BYND and QQQ. For additional features, visit the drawdowns tool.
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Volatility
BYND vs. QQQ - Volatility Comparison
Beyond Meat, Inc. (BYND) has a higher volatility of 19.83% compared to Invesco QQQ (QQQ) at 6.50%. This indicates that BYND'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.
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