CRNX vs. QQQ
Compare and contrast key facts about Crinetics Pharmaceuticals, Inc. (CRNX) 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: CRNX or QQQ.
Correlation
The correlation between CRNX 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.
Performance
CRNX vs. QQQ - Performance Comparison
Key characteristics
CRNX:
-0.05
QQQ:
1.40
CRNX:
0.30
QQQ:
1.90
CRNX:
1.04
QQQ:
1.25
CRNX:
-0.06
QQQ:
1.88
CRNX:
-0.17
QQQ:
6.51
CRNX:
14.73%
QQQ:
3.92%
CRNX:
51.71%
QQQ:
18.23%
CRNX:
-68.70%
QQQ:
-82.98%
CRNX:
-39.27%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, CRNX achieves a -27.91% return, which is significantly lower than QQQ's 5.09% return.
CRNX
-27.91%
-4.90%
-30.77%
1.26%
9.38%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
CRNX vs. QQQ — Risk-Adjusted Performance Rank
CRNX
QQQ
CRNX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crinetics Pharmaceuticals, Inc. (CRNX) 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
CRNX vs. QQQ - Dividend Comparison
CRNX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRNX Crinetics Pharmaceuticals, 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 | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CRNX vs. QQQ - Drawdown Comparison
The maximum CRNX drawdown since its inception was -68.70%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CRNX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CRNX vs. QQQ - Volatility Comparison
Crinetics Pharmaceuticals, Inc. (CRNX) has a higher volatility of 10.86% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that CRNX'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.