CGNX vs. QQQ
Compare and contrast key facts about Cognex Corporation (CGNX) 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: CGNX or QQQ.
Correlation
The correlation between CGNX and QQQ is 0.61, 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
CGNX vs. QQQ - Performance Comparison
Key characteristics
CGNX:
-0.32
QQQ:
1.64
CGNX:
-0.19
QQQ:
2.19
CGNX:
0.97
QQQ:
1.30
CGNX:
-0.19
QQQ:
2.16
CGNX:
-0.69
QQQ:
7.79
CGNX:
17.16%
QQQ:
3.76%
CGNX:
36.86%
QQQ:
17.85%
CGNX:
-83.71%
QQQ:
-82.98%
CGNX:
-61.10%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, CGNX achieves a -13.66% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, CGNX has underperformed QQQ with an annualized return of 6.41%, while QQQ has yielded a comparatively higher 18.36% annualized return.
CGNX
-13.66%
-8.40%
-25.05%
-14.08%
-7.37%
6.41%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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
CGNX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cognex Corporation (CGNX) 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
CGNX vs. QQQ - Dividend Comparison
CGNX's dividend yield for the trailing twelve months is around 0.85%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNX Cognex Corporation | 0.85% | 0.68% | 0.56% | 0.32% | 2.77% | 0.37% | 0.48% | 0.27% | 0.46% | 0.62% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CGNX vs. QQQ - Drawdown Comparison
The maximum CGNX drawdown since its inception was -83.71%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CGNX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CGNX vs. QQQ - Volatility Comparison
Cognex Corporation (CGNX) has a higher volatility of 8.47% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that CGNX'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.