Correlation
The correlation between CASH and QQQ is 0.24, 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.
CASH vs. QQQ
Compare and contrast key facts about Meta Financial Group, Inc. (CASH) 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: CASH or QQQ.
Performance
CASH vs. QQQ - Performance Comparison
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Key characteristics
CASH:
1.53
QQQ:
0.62
CASH:
2.22
QQQ:
0.92
CASH:
1.28
QQQ:
1.13
CASH:
2.27
QQQ:
0.60
CASH:
5.88
QQQ:
1.94
CASH:
7.99%
QQQ:
7.02%
CASH:
31.15%
QQQ:
25.59%
CASH:
-83.66%
QQQ:
-82.98%
CASH:
-7.90%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, CASH achieves a 6.15% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, CASH has outperformed QQQ with an annualized return of 19.86%, while QQQ has yielded a comparatively lower 17.69% annualized return.
CASH
6.15%
-2.32%
-6.83%
46.84%
23.86%
34.54%
19.86%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
CASH vs. QQQ — Risk-Adjusted Performance Rank
CASH
QQQ
CASH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Meta Financial Group, Inc. (CASH) 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.
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Dividends
CASH vs. QQQ - Dividend Comparison
CASH's dividend yield for the trailing twelve months is around 0.26%, less than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH Meta Financial Group, Inc. | 0.26% | 0.27% | 0.38% | 0.46% | 0.34% | 0.55% | 0.55% | 0.96% | 0.56% | 0.88% | 1.13% | 1.48% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CASH vs. QQQ - Drawdown Comparison
The maximum CASH drawdown since its inception was -83.66%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CASH and QQQ.
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Volatility
CASH vs. QQQ - Volatility Comparison
Meta Financial Group, Inc. (CASH) and Invesco QQQ (QQQ) have volatilities of 5.50% and 5.62%, 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.
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