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.
Key characteristics
| CAG | QQQ | |
|---|---|---|
| YTD Return | 7.81% | 7.65% |
| 1Y Return | -16.36% | 37.26% |
| 3Y Return (Ann) | -3.58% | 10.36% |
| 5Y Return (Ann) | 4.01% | 19.69% |
| 10Y Return (Ann) | 5.50% | 18.66% |
| Sharpe Ratio | -0.78 | 2.45 |
| Daily Std Dev | 20.51% | 16.29% |
| Max Drawdown | -56.94% | -82.98% |
| Current Drawdown | -21.39% | -1.37% |
Correlation
The correlation between CAG and QQQ is 0.26, 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
The year-to-date returns for both stocks are quite close, with CAG having a 7.81% return and QQQ slightly lower at 7.65%. Over the past 10 years, CAG has underperformed QQQ with an annualized return of 5.50%, while QQQ has yielded a comparatively higher 18.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 4.64%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | 4.64% | 4.75% | 3.32% | 3.44% | 2.52% | 2.48% | 3.98% | 2.19% | 1.97% | 2.37% | 2.76% | 2.97% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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
The current volatility for Conagra Brands, Inc. (CAG) is 5.34%, while Invesco QQQ (QQQ) has a volatility of 5.79%. 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.