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:
1.05
QQQ:
1.38
CADE:
1.75
QQQ:
1.88
CADE:
1.21
QQQ:
1.25
CADE:
2.15
QQQ:
1.86
CADE:
5.34
QQQ:
6.43
CADE:
6.45%
QQQ:
3.92%
CADE:
32.57%
QQQ:
18.27%
CADE:
-45.92%
QQQ:
-82.98%
CADE:
-11.67%
QQQ:
0.00%
Returns By Period
In the year-to-date period, CADE achieves a 0.06% return, which is significantly lower than QQQ's 5.50% return.
CADE
0.06%
-3.31%
14.80%
29.16%
8.63%
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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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 2.90%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CADE Cadence Bancorporation | 2.90% | 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 | 0.53% | 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 7.73% compared to Invesco QQQ (QQQ) at 4.92%. 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.