CFLT vs. QQQ
Compare and contrast key facts about Confluent, Inc. (CFLT) 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: CFLT or QQQ.
Key characteristics
| CFLT | QQQ | |
|---|---|---|
| YTD Return | 21.92% | 24.75% |
| 1Y Return | 43.29% | 32.82% |
| 3Y Return (Ann) | -29.15% | 9.58% |
| Sharpe Ratio | 0.72 | 1.91 |
| Sortino Ratio | 1.59 | 2.55 |
| Omega Ratio | 1.20 | 1.35 |
| Calmar Ratio | 0.56 | 2.43 |
| Martin Ratio | 1.87 | 8.85 |
| Ulcer Index | 24.07% | 3.72% |
| Daily Std Dev | 62.08% | 17.21% |
| Max Drawdown | -82.61% | -82.98% |
| Current Drawdown | -69.52% | -1.06% |
Correlation
The correlation between CFLT and QQQ is 0.60, 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
CFLT vs. QQQ - Performance Comparison
In the year-to-date period, CFLT achieves a 21.92% return, which is significantly lower than QQQ's 24.75% 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
CFLT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Confluent, Inc. (CFLT) 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
CFLT vs. QQQ - Dividend Comparison
CFLT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFLT Confluent, 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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CFLT vs. QQQ - Drawdown Comparison
The maximum CFLT drawdown since its inception was -82.61%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CFLT and QQQ. For additional features, visit the drawdowns tool.
Volatility
CFLT vs. QQQ - Volatility Comparison
Confluent, Inc. (CFLT) has a higher volatility of 15.39% compared to Invesco QQQ (QQQ) at 4.99%. This indicates that CFLT'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.