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.
Key characteristics
| CHT | QQQ | |
|---|---|---|
| YTD Return | -3.48% | 3.82% |
| 1Y Return | -4.58% | 32.66% |
| 3Y Return (Ann) | 1.15% | 8.61% |
| 5Y Return (Ann) | 4.97% | 18.53% |
| 10Y Return (Ann) | 6.28% | 18.13% |
| Sharpe Ratio | -0.43 | 2.00 |
| Daily Std Dev | 11.23% | 16.23% |
| Max Drawdown | -33.58% | -82.98% |
| Current Drawdown | -9.45% | -4.88% |
Correlation
The correlation between CHT and QQQ is 0.40, 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
CHT vs. QQQ - Performance Comparison
In the year-to-date period, CHT achieves a -3.48% return, which is significantly lower than QQQ's 3.82% return. Over the past 10 years, CHT has underperformed QQQ with an annualized return of 6.28%, while QQQ has yielded a comparatively higher 18.13% annualized 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
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.
Dividends
CHT vs. QQQ - Dividend Comparison
CHT's dividend yield for the trailing twelve months is around 4.05%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHT Chunghwa Telecom Co., Ltd. | 4.05% | 3.91% | 4.35% | 3.66% | 3.67% | 3.91% | 4.44% | 4.62% | 5.36% | 5.24% | 5.12% | 5.74% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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. For additional features, visit the drawdowns tool.
Volatility
CHT vs. QQQ - Volatility Comparison
The current volatility for Chunghwa Telecom Co., Ltd. (CHT) is 3.87%, while Invesco QQQ (QQQ) has a volatility of 5.44%. This indicates that CHT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.