CARA vs. QQQM
Compare and contrast key facts about Cara Therapeutics, Inc. (CARA) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARA or QQQM.
Correlation
The correlation between CARA and QQQM is 0.28, 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
CARA vs. QQQM - Performance Comparison
Key characteristics
CARA:
-0.24
QQQM:
0.46
CARA:
0.48
QQQM:
0.81
CARA:
1.06
QQQM:
1.11
CARA:
-0.29
QQQM:
0.51
CARA:
-0.54
QQQM:
1.73
CARA:
52.52%
QQQM:
6.67%
CARA:
120.13%
QQQM:
24.98%
CARA:
-99.17%
QQQM:
-35.05%
CARA:
-98.26%
QQQM:
-12.28%
Returns By Period
In the year-to-date period, CARA achieves a -0.61% return, which is significantly higher than QQQM's -7.43% return.
CARA
-0.61%
18.11%
87.74%
-25.92%
-50.15%
-26.31%
QQQM
-7.43%
0.74%
-4.32%
10.36%
N/A
N/A
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Risk-Adjusted Performance
CARA vs. QQQM — Risk-Adjusted Performance Rank
CARA
QQQM
CARA vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cara Therapeutics, Inc. (CARA) and Invesco NASDAQ 100 ETF (QQQM). 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
CARA vs. QQQM - Dividend Comparison
CARA has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CARA Cara Therapeutics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
CARA vs. QQQM - Drawdown Comparison
The maximum CARA drawdown since its inception was -99.17%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for CARA and QQQM. For additional features, visit the drawdowns tool.
Volatility
CARA vs. QQQM - Volatility Comparison
Cara Therapeutics, Inc. (CARA) has a higher volatility of 20.74% compared to Invesco NASDAQ 100 ETF (QQQM) at 16.54%. This indicates that CARA's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.