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 0.37, 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
CAG vs. QQQ - Performance Comparison
Key characteristics
CAG:
-0.79
QQQ:
0.47
CAG:
-0.97
QQQ:
0.82
CAG:
0.88
QQQ:
1.11
CAG:
-0.53
QQQ:
0.52
CAG:
-1.41
QQQ:
1.79
CAG:
13.30%
QQQ:
6.64%
CAG:
23.84%
QQQ:
25.28%
CAG:
-56.95%
QQQ:
-82.98%
CAG:
-33.92%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, CAG achieves a -10.68% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, CAG has underperformed QQQ with an annualized return of 1.72%, while QQQ has yielded a comparatively higher 16.91% annualized return.
CAG
-10.68%
-7.91%
-14.76%
-17.42%
-3.08%
1.72%
QQQ
-7.43%
0.77%
-4.30%
10.31%
18.26%
16.91%
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Risk-Adjusted Performance
CAG vs. QQQ — Risk-Adjusted Performance Rank
CAG
QQQ
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 7.16%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | 7.16% | 5.05% | 4.75% | 3.32% | 3.44% | 2.52% | 2.48% | 3.98% | 2.19% | 1.97% | 2.37% | 2.76% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CAG vs. QQQ - Drawdown Comparison
The maximum CAG drawdown since its inception was -56.95%, 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
The current volatility for Conagra Brands, Inc. (CAG) is 7.77%, while Invesco QQQ (QQQ) has a volatility of 16.85%. This indicates that CAG experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.