CAG vs. QQQ
Compare and contrast key facts about Conagra Brands, Inc. (CAG) 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: CAG or QQQ.
Correlation
The correlation between CAG and QQQ is 0.25, 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
CAG vs. QQQ - Performance Comparison
Key characteristics
CAG:
0.01
QQQ:
1.64
CAG:
0.16
QQQ:
2.19
CAG:
1.02
QQQ:
1.30
CAG:
0.01
QQQ:
2.16
CAG:
0.02
QQQ:
7.79
CAG:
7.33%
QQQ:
3.76%
CAG:
21.84%
QQQ:
17.85%
CAG:
-56.94%
QQQ:
-82.98%
CAG:
-27.72%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, CAG achieves a -0.88% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, CAG has underperformed QQQ with an annualized return of 2.56%, while QQQ has yielded a comparatively higher 18.36% annualized return.
CAG
-0.88%
-0.04%
-3.69%
-0.22%
-1.45%
2.56%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
CAG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) 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
CAG vs. QQQ - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 5.16%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | 5.16% | 4.75% | 3.32% | 3.44% | 2.52% | 2.49% | 3.99% | 2.19% | 1.97% | 2.37% | 2.76% | 2.97% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CAG vs. QQQ - Drawdown Comparison
The maximum CAG drawdown since its inception was -56.94%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CAG and QQQ. For additional features, visit the drawdowns tool.
Volatility
CAG vs. QQQ - Volatility Comparison
Conagra Brands, Inc. (CAG) and Invesco QQQ (QQQ) have volatilities of 5.35% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.