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 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CADE vs. QQQ - Performance Comparison
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Key characteristics
CADE:
0.41
QQQ:
0.62
CADE:
0.86
QQQ:
1.05
CADE:
1.11
QQQ:
1.15
CADE:
0.47
QQQ:
0.71
CADE:
1.17
QQQ:
2.31
CADE:
12.68%
QQQ:
6.97%
CADE:
35.71%
QQQ:
25.51%
CADE:
-45.92%
QQQ:
-82.98%
CADE:
-16.16%
QQQ:
-5.73%
Returns By Period
In the year-to-date period, CADE achieves a -5.03% return, which is significantly lower than QQQ's -0.51% return.
CADE
-5.03%
19.15%
-15.92%
14.55%
17.67%
N/A
QQQ
-0.51%
11.76%
-0.86%
15.58%
19.11%
17.55%
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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.
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Dividends
CADE vs. QQQ - Dividend Comparison
CADE's dividend yield for the trailing twelve months is around 3.16%, more than QQQ's 0.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CADE Cadence Bancorporation | 3.16% | 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 | 0.59% | 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.
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Volatility
CADE vs. QQQ - Volatility Comparison
Cadence Bancorporation (CADE) has a higher volatility of 8.33% compared to Invesco QQQ (QQQ) at 7.59%. 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.
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