CHRD vs. QQQ
Compare and contrast key facts about Chord Energy Corp (CHRD) 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: CHRD or QQQ.
Correlation
The correlation between CHRD and QQQ is 0.20, 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
CHRD vs. QQQ - Performance Comparison
Key characteristics
CHRD:
-1.13
QQQ:
1.54
CHRD:
-1.50
QQQ:
2.06
CHRD:
0.82
QQQ:
1.28
CHRD:
-0.75
QQQ:
2.03
CHRD:
-1.63
QQQ:
7.34
CHRD:
17.52%
QQQ:
3.75%
CHRD:
25.16%
QQQ:
17.90%
CHRD:
-38.12%
QQQ:
-82.98%
CHRD:
-38.12%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, CHRD achieves a -28.43% return, which is significantly lower than QQQ's 26.66% return.
CHRD
-28.43%
-13.44%
-31.19%
-28.82%
N/A
N/A
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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Risk-Adjusted Performance
CHRD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Chord Energy Corp (CHRD) 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
CHRD vs. QQQ - Dividend Comparison
CHRD's dividend yield for the trailing twelve months is around 9.10%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHRD Chord Energy Corp | 9.10% | 9.28% | 19.76% | 4.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
CHRD vs. QQQ - Drawdown Comparison
The maximum CHRD drawdown since its inception was -38.12%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CHRD and QQQ. For additional features, visit the drawdowns tool.
Volatility
CHRD vs. QQQ - Volatility Comparison
Chord Energy Corp (CHRD) has a higher volatility of 8.65% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that CHRD'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.