CBOE vs. QQQ
Compare and contrast key facts about Cboe Global Markets, Inc. (CBOE) 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: CBOE or QQQ.
Key characteristics
| CBOE | QQQ | |
|---|---|---|
| YTD Return | 1.04% | 3.07% |
| 1Y Return | 31.42% | 32.86% |
| 3Y Return (Ann) | 21.75% | 8.34% |
| 5Y Return (Ann) | 13.95% | 17.98% |
| 10Y Return (Ann) | 14.65% | 18.03% |
| Sharpe Ratio | 1.75 | 1.95 |
| Daily Std Dev | 18.18% | 16.25% |
| Max Drawdown | -43.23% | -82.98% |
| Current Drawdown | -8.49% | -5.57% |
Correlation
The correlation between CBOE and QQQ is 0.29, 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
CBOE vs. QQQ - Performance Comparison
In the year-to-date period, CBOE achieves a 1.04% return, which is significantly lower than QQQ's 3.07% return. Over the past 10 years, CBOE has underperformed QQQ with an annualized return of 14.65%, while QQQ has yielded a comparatively higher 18.03% annualized return. 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
CBOE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) 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
CBOE vs. QQQ - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.20%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.20% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% | 1.23% | 2.22% |
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
CBOE vs. QQQ - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CBOE and QQQ. For additional features, visit the drawdowns tool.
Volatility
CBOE vs. QQQ - Volatility Comparison
The current volatility for Cboe Global Markets, Inc. (CBOE) is 5.11%, while Invesco QQQ (QQQ) has a volatility of 5.42%. This indicates that CBOE 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.