CASY vs. QQQ
Compare and contrast key facts about Casey's General Stores, Inc. (CASY) 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: CASY or QQQ.
Key characteristics
| CASY | QQQ | |
|---|---|---|
| YTD Return | 16.32% | 3.07% |
| 1Y Return | 35.93% | 32.86% |
| 3Y Return (Ann) | 13.55% | 8.34% |
| 5Y Return (Ann) | 20.34% | 17.98% |
| 10Y Return (Ann) | 17.70% | 18.03% |
| Sharpe Ratio | 1.66 | 1.95 |
| Daily Std Dev | 22.70% | 16.25% |
| Max Drawdown | -74.33% | -82.98% |
| Current Drawdown | -1.29% | -5.57% |
Correlation
The correlation between CASY and QQQ is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CASY vs. QQQ - Performance Comparison
In the year-to-date period, CASY achieves a 16.32% return, which is significantly higher than QQQ's 3.07% return. Both investments have delivered pretty close results over the past 10 years, with CASY having a 17.70% annualized return and QQQ not far ahead at 18.03%. 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
CASY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Casey's General Stores, Inc. (CASY) 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
CASY vs. QQQ - Dividend Comparison
CASY's dividend yield for the trailing twelve months is around 0.54%, less than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASY Casey's General Stores, Inc. | 0.54% | 0.59% | 0.65% | 0.69% | 0.72% | 0.77% | 0.86% | 0.89% | 0.77% | 0.70% | 0.84% | 0.98% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
CASY vs. QQQ - Drawdown Comparison
The maximum CASY drawdown since its inception was -74.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CASY and QQQ. For additional features, visit the drawdowns tool.
Volatility
CASY vs. QQQ - Volatility Comparison
The current volatility for Casey's General Stores, Inc. (CASY) is 3.88%, while Invesco QQQ (QQQ) has a volatility of 5.42%. This indicates that CASY 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.