Correlation
The correlation between CHT and QQQ is 0.42, 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.
CHT vs. QQQ
Compare and contrast key facts about Chunghwa Telecom Co., Ltd. (CHT) 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: CHT or QQQ.
Performance
CHT vs. QQQ - Performance Comparison
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Key characteristics
CHT:
1.00
QQQ:
0.62
CHT:
1.50
QQQ:
0.92
CHT:
1.19
QQQ:
1.13
CHT:
1.52
QQQ:
0.60
CHT:
3.35
QQQ:
1.94
CHT:
4.46%
QQQ:
7.02%
CHT:
15.93%
QQQ:
25.59%
CHT:
-33.58%
QQQ:
-82.98%
CHT:
-2.09%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, CHT achieves a 15.48% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, CHT has underperformed QQQ with an annualized return of 7.64%, while QQQ has yielded a comparatively higher 17.69% annualized return.
CHT
15.48%
7.97%
14.15%
14.13%
4.32%
7.26%
7.64%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
CHT vs. QQQ — Risk-Adjusted Performance Rank
CHT
QQQ
CHT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Chunghwa Telecom Co., Ltd. (CHT) 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
CHT vs. QQQ - Dividend Comparison
CHT's dividend yield for the trailing twelve months is around 3.39%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHT Chunghwa Telecom Co., Ltd. | 3.39% | 3.91% | 3.91% | 4.35% | 3.66% | 3.67% | 3.91% | 4.44% | 4.62% | 5.36% | 5.24% | 5.12% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CHT vs. QQQ - Drawdown Comparison
The maximum CHT drawdown since its inception was -33.58%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CHT and QQQ.
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Volatility
CHT vs. QQQ - Volatility Comparison
Chunghwa Telecom Co., Ltd. (CHT) has a higher volatility of 8.10% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that CHT'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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