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CLH vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CLH and QQQ is 0.33, 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.


-0.50.00.51.00.3

Performance

CLH vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clean Harbors, Inc. (CLH) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%5,000.00%10,000.00%15,000.00%20,000.00%25,000.00%30,000.00%35,000.00%JulyAugustSeptemberOctoberNovemberDecember
28,272.92%
1,092.67%
CLH
QQQ

Key characteristics

Sharpe Ratio

CLH:

1.09

QQQ:

1.64

Sortino Ratio

CLH:

1.58

QQQ:

2.19

Omega Ratio

CLH:

1.22

QQQ:

1.30

Calmar Ratio

CLH:

2.43

QQQ:

2.16

Martin Ratio

CLH:

8.02

QQQ:

7.79

Ulcer Index

CLH:

3.78%

QQQ:

3.76%

Daily Std Dev

CLH:

27.75%

QQQ:

17.85%

Max Drawdown

CLH:

-95.54%

QQQ:

-82.98%

Current Drawdown

CLH:

-12.48%

QQQ:

-3.63%

Returns By Period

In the year-to-date period, CLH achieves a 32.10% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, CLH has underperformed QQQ with an annualized return of 16.55%, while QQQ has yielded a comparatively higher 18.36% annualized return.


CLH

YTD

32.10%

1M

-6.85%

6M

1.95%

1Y

30.95%

5Y*

21.84%

10Y*

16.55%

QQQ

YTD

27.20%

1M

3.08%

6M

8.34%

1Y

27.81%

5Y*

20.44%

10Y*

18.36%

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Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for CLH, currently valued at 1.09, compared to the broader market-4.00-2.000.002.001.091.64
The chart of Sortino ratio for CLH, currently valued at 1.58, compared to the broader market-4.00-2.000.002.004.001.582.19
The chart of Omega ratio for CLH, currently valued at 1.22, compared to the broader market0.501.001.502.001.221.30
The chart of Calmar ratio for CLH, currently valued at 2.43, compared to the broader market0.002.004.006.002.432.16
The chart of Martin ratio for CLH, currently valued at 8.02, compared to the broader market-5.000.005.0010.0015.0020.0025.008.027.79
CLH
QQQ

The current CLH Sharpe Ratio is 1.09, which is lower than the QQQ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of CLH and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.09
1.64
CLH
QQQ

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 0.43%.


TTM20232022202120202019201820172016201520142013
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
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

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. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-12.48%
-3.63%
CLH
QQQ

Volatility

CLH vs. QQQ - Volatility Comparison

Clean Harbors, Inc. (CLH) has a higher volatility of 8.72% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that CLH'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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
8.72%
5.29%
CLH
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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