DOCU vs. QQQ
Compare and contrast key facts about DocuSign, Inc. (DOCU) 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: DOCU or QQQ.
Performance
DOCU vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, DOCU achieves a 34.82% return, which is significantly higher than QQQ's 23.84% return.
DOCU
34.82%
13.40%
39.83%
89.66%
2.43%
N/A
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| DOCU | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.37 | 1.78 |
| Sortino Ratio | 3.11 | 2.37 |
| Omega Ratio | 1.39 | 1.32 |
| Calmar Ratio | 1.03 | 2.28 |
| Martin Ratio | 8.11 | 8.27 |
| Ulcer Index | 10.93% | 3.73% |
| Daily Std Dev | 37.34% | 17.37% |
| Max Drawdown | -87.57% | -82.98% |
| Current Drawdown | -74.15% | -1.78% |
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Correlation
The correlation between DOCU and QQQ is 0.58, 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.
Risk-Adjusted Performance
DOCU vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) 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
DOCU vs. QQQ - Dividend Comparison
DOCU has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, 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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
DOCU vs. QQQ - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DOCU and QQQ. For additional features, visit the drawdowns tool.
Volatility
DOCU vs. QQQ - Volatility Comparison
DocuSign, Inc. (DOCU) has a higher volatility of 9.06% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that DOCU'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.