CAVA vs. QQQ
Compare and contrast key facts about CAVA Group Inc. (CAVA) 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: CAVA or QQQ.
Correlation
The correlation between CAVA and QQQ is 0.50, 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
CAVA vs. QQQ - Performance Comparison
Key characteristics
CAVA:
0.43
QQQ:
0.45
CAVA:
1.01
QQQ:
0.81
CAVA:
1.14
QQQ:
1.11
CAVA:
0.52
QQQ:
0.51
CAVA:
1.21
QQQ:
1.65
CAVA:
21.82%
QQQ:
6.96%
CAVA:
57.92%
QQQ:
25.14%
CAVA:
-50.91%
QQQ:
-82.98%
CAVA:
-37.76%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, CAVA achieves a -16.75% return, which is significantly lower than QQQ's -4.41% return.
CAVA
-16.75%
2.13%
-36.20%
24.58%
N/A
N/A
QQQ
-4.41%
4.71%
-4.80%
11.32%
17.54%
17.26%
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Risk-Adjusted Performance
CAVA vs. QQQ — Risk-Adjusted Performance Rank
CAVA
QQQ
CAVA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CAVA Group Inc. (CAVA) 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
CAVA vs. QQQ - Dividend Comparison
CAVA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAVA CAVA Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CAVA vs. QQQ - Drawdown Comparison
The maximum CAVA drawdown since its inception was -50.91%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CAVA and QQQ. For additional features, visit the drawdowns tool.
Volatility
CAVA vs. QQQ - Volatility Comparison
CAVA Group Inc. (CAVA) has a higher volatility of 13.54% compared to Invesco QQQ (QQQ) at 8.24%. This indicates that CAVA's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.