COHR vs. QLD
Compare and contrast key facts about Coherent, Inc. (COHR) and ProShares Ultra QQQ (QLD).
QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COHR or QLD.
Correlation
The correlation between COHR and QLD is 0.59, 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.
Performance
COHR vs. QLD - Performance Comparison
Key characteristics
COHR:
2.08
QLD:
1.43
COHR:
2.90
QLD:
1.89
COHR:
1.35
QLD:
1.25
COHR:
1.98
QLD:
1.94
COHR:
11.51
QLD:
6.29
COHR:
10.21%
QLD:
8.10%
COHR:
56.42%
QLD:
35.73%
COHR:
-80.89%
QLD:
-83.13%
COHR:
-14.14%
QLD:
-7.69%
Returns By Period
In the year-to-date period, COHR achieves a 120.95% return, which is significantly higher than QLD's 46.39% return. Over the past 10 years, COHR has underperformed QLD with an annualized return of 21.67%, while QLD has yielded a comparatively higher 29.23% annualized return.
COHR
120.95%
-7.74%
35.48%
124.88%
23.30%
21.67%
QLD
46.39%
4.91%
10.30%
50.94%
30.09%
29.23%
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Risk-Adjusted Performance
COHR vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) and ProShares Ultra QQQ (QLD). 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
COHR vs. QLD - Dividend Comparison
COHR has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent, 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% |
QLD ProShares Ultra QQQ | 0.19% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
COHR vs. QLD - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for COHR and QLD. For additional features, visit the drawdowns tool.
Volatility
COHR vs. QLD - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 15.89% compared to ProShares Ultra QQQ (QLD) at 10.62%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.