CADE vs. QQQ
Compare and contrast key facts about Cadence Bancorporation (CADE) 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: CADE or QQQ.
Correlation
The correlation between CADE and QQQ is 0.37, 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
CADE vs. QQQ - Performance Comparison
Key characteristics
CADE:
0.81
QQQ:
1.34
CADE:
1.40
QQQ:
1.83
CADE:
1.17
QQQ:
1.24
CADE:
1.43
QQQ:
1.78
CADE:
3.99
QQQ:
6.25
CADE:
6.95%
QQQ:
3.86%
CADE:
34.18%
QQQ:
18.07%
CADE:
-45.92%
QQQ:
-82.98%
CADE:
-10.05%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, CADE achieves a 1.89% return, which is significantly higher than QQQ's -1.20% return.
CADE
1.89%
-3.57%
10.93%
28.31%
7.78%
N/A
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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Risk-Adjusted Performance
CADE vs. QQQ — Risk-Adjusted Performance Rank
CADE
QQQ
CADE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Bancorporation (CADE) 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
CADE vs. QQQ - Dividend Comparison
CADE's dividend yield for the trailing twelve months is around 2.85%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CADE Cadence Bancorporation | 2.85% | 2.90% | 3.18% | 3.57% | 8.86% | 3.99% | 4.49% | 4.48% | 1.29% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CADE vs. QQQ - Drawdown Comparison
The maximum CADE drawdown since its inception was -45.92%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CADE and QQQ. For additional features, visit the drawdowns tool.
Volatility
CADE vs. QQQ - Volatility Comparison
Cadence Bancorporation (CADE) has a higher volatility of 9.84% compared to Invesco QQQ (QQQ) at 5.94%. This indicates that CADE'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.