Correlation
The correlation between CHGG and QQQ is 0.37, 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.
CHGG vs. QQQ
Compare and contrast key facts about Chegg, Inc. (CHGG) 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: CHGG or QQQ.
Performance
CHGG vs. QQQ - Performance Comparison
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Key characteristics
CHGG:
-0.72
QQQ:
0.66
CHGG:
-0.91
QQQ:
1.01
CHGG:
0.89
QQQ:
1.14
CHGG:
-0.68
QQQ:
0.67
CHGG:
-1.16
QQQ:
2.18
CHGG:
58.05%
QQQ:
7.02%
CHGG:
96.38%
QQQ:
25.62%
CHGG:
-99.59%
QQQ:
-82.98%
CHGG:
-98.94%
QQQ:
-2.88%
Returns By Period
In the year-to-date period, CHGG achieves a -25.47% return, which is significantly lower than QQQ's 2.50% return. Over the past 10 years, CHGG has underperformed QQQ with an annualized return of -17.16%, while QQQ has yielded a comparatively higher 17.87% annualized return.
CHGG
-25.47%
57.89%
-49.37%
-68.67%
-61.57%
-54.48%
-17.16%
QQQ
2.50%
7.03%
1.85%
16.79%
20.37%
17.93%
17.87%
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Risk-Adjusted Performance
CHGG vs. QQQ — Risk-Adjusted Performance Rank
CHGG
QQQ
CHGG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Chegg, Inc. (CHGG) 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.
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Dividends
CHGG vs. QQQ - Dividend Comparison
CHGG has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
CHGG Chegg, 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 | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CHGG vs. QQQ - Drawdown Comparison
The maximum CHGG drawdown since its inception was -99.59%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CHGG and QQQ.
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Volatility
CHGG vs. QQQ - Volatility Comparison
Chegg, Inc. (CHGG) has a higher volatility of 28.84% compared to Invesco QQQ (QQQ) at 5.56%. This indicates that CHGG'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.
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