CCEP vs. QQQ
Compare and contrast key facts about Coca-Cola European Partners plc (CCEP) 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: CCEP or QQQ.
Key characteristics
| CCEP | QQQ | |
|---|---|---|
| YTD Return | 7.18% | 4.38% |
| 1Y Return | 12.77% | 35.44% |
| 3Y Return (Ann) | 11.52% | 8.99% |
| 5Y Return (Ann) | 8.78% | 18.27% |
| 10Y Return (Ann) | 12.36% | 18.12% |
| Sharpe Ratio | 0.76 | 2.12 |
| Daily Std Dev | 17.14% | 16.27% |
| Max Drawdown | -79.39% | -82.98% |
| Current Drawdown | -0.75% | -4.36% |
Correlation
The correlation between CCEP and QQQ is 0.36, 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
CCEP vs. QQQ - Performance Comparison
In the year-to-date period, CCEP achieves a 7.18% return, which is significantly higher than QQQ's 4.38% return. Over the past 10 years, CCEP has underperformed QQQ with an annualized return of 12.36%, while QQQ has yielded a comparatively higher 18.12% 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
CCEP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola European Partners plc (CCEP) 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
CCEP vs. QQQ - Dividend Comparison
CCEP's dividend yield for the trailing twelve months is around 2.74%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 2.74% | 2.94% | 3.07% | 2.90% | 2.01% | 2.71% | 2.73% | 2.38% | 49.27% | 2.27% | 2.26% | 1.81% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
CCEP vs. QQQ - Drawdown Comparison
The maximum CCEP drawdown since its inception was -79.39%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CCEP and QQQ. For additional features, visit the drawdowns tool.
Volatility
CCEP vs. QQQ - Volatility Comparison
The current volatility for Coca-Cola European Partners plc (CCEP) is 4.38%, while Invesco QQQ (QQQ) has a volatility of 5.61%. This indicates that CCEP 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.