CBAPJ.AX vs. QQQ
Compare and contrast key facts about Commonwealth Bank of Australia (CBAPJ.AX) 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: CBAPJ.AX or QQQ.
Correlation
The correlation between CBAPJ.AX and QQQ is 0.39, 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
CBAPJ.AX vs. QQQ - Performance Comparison
Key characteristics
CBAPJ.AX:
0.96
QQQ:
1.34
CBAPJ.AX:
1.46
QQQ:
1.83
CBAPJ.AX:
1.18
QQQ:
1.24
CBAPJ.AX:
2.23
QQQ:
1.78
CBAPJ.AX:
6.48
QQQ:
6.25
CBAPJ.AX:
0.88%
QQQ:
3.86%
CBAPJ.AX:
5.92%
QQQ:
18.07%
CBAPJ.AX:
-5.45%
QQQ:
-82.98%
CBAPJ.AX:
-0.31%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, CBAPJ.AX achieves a 0.14% return, which is significantly higher than QQQ's -1.20% return.
CBAPJ.AX
0.14%
0.68%
2.36%
5.99%
N/A
N/A
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
CBAPJ.AX vs. QQQ — Risk-Adjusted Performance Rank
CBAPJ.AX
QQQ
CBAPJ.AX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Commonwealth Bank of Australia (CBAPJ.AX) 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
CBAPJ.AX vs. QQQ - Dividend Comparison
CBAPJ.AX's dividend yield for the trailing twelve months is around 4.87%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBAPJ.AX Commonwealth Bank of Australia | 4.87% | 4.88% | 4.51% | 2.67% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CBAPJ.AX vs. QQQ - Drawdown Comparison
The maximum CBAPJ.AX drawdown since its inception was -5.45%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CBAPJ.AX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CBAPJ.AX vs. QQQ - Volatility Comparison
The current volatility for Commonwealth Bank of Australia (CBAPJ.AX) is 2.87%, while Invesco QQQ (QQQ) has a volatility of 5.84%. This indicates that CBAPJ.AX 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.