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.
Performance
CAG vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, CAG achieves a -0.84% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, CAG has underperformed QQQ with an annualized return of 2.97%, while QQQ has yielded a comparatively higher 18.08% annualized return.
CAG
-0.84%
-6.99%
-9.73%
0.78%
2.58%
2.97%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| CAG | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.05 | 1.71 |
| Sortino Ratio | 0.22 | 2.29 |
| Omega Ratio | 1.03 | 1.31 |
| Calmar Ratio | 0.04 | 2.19 |
| Martin Ratio | 0.18 | 7.95 |
| Ulcer Index | 6.31% | 3.73% |
| Daily Std Dev | 22.21% | 17.38% |
| Max Drawdown | -56.94% | -82.98% |
| Current Drawdown | -27.69% | -2.13% |
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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.
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 0.60% 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 | 0.60% | 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
The current volatility for Conagra Brands, Inc. (CAG) is 5.37%, while Invesco QQQ (QQQ) has a volatility of 5.66%. 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.