Correlation
The correlation between DBX and QQQ is 0.52, 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.
DBX vs. QQQ
Compare and contrast key facts about Dropbox, Inc. (DBX) 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: DBX or QQQ.
Performance
DBX vs. QQQ - Performance Comparison
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Key characteristics
DBX:
0.92
QQQ:
0.62
DBX:
1.20
QQQ:
0.92
DBX:
1.18
QQQ:
1.13
DBX:
0.52
QQQ:
0.60
DBX:
2.61
QQQ:
1.94
DBX:
10.12%
QQQ:
7.02%
DBX:
32.33%
QQQ:
25.59%
DBX:
-62.64%
QQQ:
-82.98%
DBX:
-31.29%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, DBX achieves a -3.93% return, which is significantly lower than QQQ's 1.69% return.
DBX
-3.93%
0.07%
4.34%
28.10%
11.46%
5.04%
N/A
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
DBX vs. QQQ — Risk-Adjusted Performance Rank
DBX
QQQ
DBX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dropbox, Inc. (DBX) 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
DBX vs. QQQ - Dividend Comparison
DBX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, 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
DBX vs. QQQ - Drawdown Comparison
The maximum DBX drawdown since its inception was -62.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DBX and QQQ.
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Volatility
DBX vs. QQQ - Volatility Comparison
The current volatility for Dropbox, Inc. (DBX) is 4.38%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that DBX 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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