Correlation
The correlation between CLH and QQQ is 0.41, 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.
CLH vs. QQQ
Compare and contrast key facts about Clean Harbors, Inc. (CLH) 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: CLH or QQQ.
Performance
CLH vs. QQQ - Performance Comparison
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Key characteristics
CLH:
0.20
QQQ:
0.62
CLH:
0.47
QQQ:
0.92
CLH:
1.06
QQQ:
1.13
CLH:
0.18
QQQ:
0.60
CLH:
0.46
QQQ:
1.94
CLH:
12.37%
QQQ:
7.02%
CLH:
29.31%
QQQ:
25.59%
CLH:
-95.54%
QQQ:
-82.98%
CLH:
-13.90%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, CLH achieves a -1.46% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, CLH has underperformed QQQ with an annualized return of 14.92%, while QQQ has yielded a comparatively higher 17.69% annualized return.
CLH
-1.46%
4.33%
-12.80%
4.71%
34.41%
30.73%
14.92%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
CLH vs. QQQ — Risk-Adjusted Performance Rank
CLH
QQQ
CLH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clean Harbors, Inc. (CLH) 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
CLH vs. QQQ - Dividend Comparison
CLH has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
CLH Clean Harbors, 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 | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CLH vs. QQQ - Drawdown Comparison
The maximum CLH drawdown since its inception was -95.54%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CLH and QQQ.
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Volatility
CLH vs. QQQ - Volatility Comparison
The current volatility for Clean Harbors, Inc. (CLH) is 4.81%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that CLH 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.
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