CCO.TO vs. HXQ.TO
Compare and contrast key facts about Cameco Corporation (CCO.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO).
HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCO.TO or HXQ.TO.
Key characteristics
| CCO.TO | HXQ.TO | |
|---|---|---|
| YTD Return | 29.84% | 32.28% |
| 1Y Return | 23.10% | 36.39% |
| 3Y Return (Ann) | 29.43% | 13.65% |
| 5Y Return (Ann) | 43.38% | 22.43% |
| Sharpe Ratio | 0.54 | 2.32 |
| Sortino Ratio | 1.02 | 3.11 |
| Omega Ratio | 1.13 | 1.41 |
| Calmar Ratio | 0.68 | 2.97 |
| Martin Ratio | 1.66 | 10.78 |
| Ulcer Index | 13.94% | 3.54% |
| Daily Std Dev | 42.47% | 16.48% |
| Max Drawdown | -83.92% | -31.60% |
| Current Drawdown | -7.43% | 0.00% |
Correlation
The correlation between CCO.TO and HXQ.TO is 0.35, 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
CCO.TO vs. HXQ.TO - Performance Comparison
In the year-to-date period, CCO.TO achieves a 29.84% return, which is significantly lower than HXQ.TO's 32.28% 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
CCO.TO vs. HXQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCO.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO). 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
CCO.TO vs. HXQ.TO - Dividend Comparison
CCO.TO's dividend yield for the trailing twelve months is around 0.12%, while HXQ.TO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 0.12% | 0.16% | 0.29% | 0.22% | 0.35% | 1.21% | 0.39% | 2.76% | 2.28% | 1.82% | 1.84% | 1.72% |
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CCO.TO vs. HXQ.TO - Drawdown Comparison
The maximum CCO.TO drawdown since its inception was -83.92%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for CCO.TO and HXQ.TO. For additional features, visit the drawdowns tool.
Volatility
CCO.TO vs. HXQ.TO - Volatility Comparison
Cameco Corporation (CCO.TO) has a higher volatility of 13.22% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 4.95%. This indicates that CCO.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.