DRD vs. QQQ
Compare and contrast key facts about DRDGOLD Limited (DRD) 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: DRD or QQQ.
Correlation
The correlation between DRD and QQQ is 0.07, 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
DRD vs. QQQ - Performance Comparison
Key characteristics
DRD:
0.82
QQQ:
1.37
DRD:
1.40
QQQ:
1.86
DRD:
1.18
QQQ:
1.25
DRD:
0.47
QQQ:
1.84
DRD:
2.75
QQQ:
6.38
DRD:
14.82%
QQQ:
3.92%
DRD:
49.25%
QQQ:
18.28%
DRD:
-98.54%
QQQ:
-82.98%
DRD:
-78.37%
QQQ:
-3.57%
Returns By Period
In the year-to-date period, DRD achieves a 22.48% return, which is significantly higher than QQQ's 1.35% return. Over the past 10 years, DRD has outperformed QQQ with an annualized return of 22.19%, while QQQ has yielded a comparatively lower 18.51% annualized return.
DRD
22.48%
18.90%
18.95%
37.70%
18.12%
22.19%
QQQ
1.35%
-0.09%
19.36%
21.49%
18.66%
18.51%
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Risk-Adjusted Performance
DRD vs. QQQ — Risk-Adjusted Performance Rank
DRD
QQQ
DRD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DRDGOLD Limited (DRD) 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
DRD vs. QQQ - Dividend Comparison
DRD's dividend yield for the trailing twelve months is around 2.07%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRD DRDGOLD Limited | 2.07% | 2.54% | 5.75% | 5.01% | 6.53% | 4.47% | 2.65% | 2.07% | 1.20% | 7.60% | 4.50% | 1.17% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
DRD vs. QQQ - Drawdown Comparison
The maximum DRD drawdown since its inception was -98.54%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DRD and QQQ. For additional features, visit the drawdowns tool.
Volatility
DRD vs. QQQ - Volatility Comparison
DRDGOLD Limited (DRD) has a higher volatility of 15.61% compared to Invesco QQQ (QQQ) at 5.82%. This indicates that DRD'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.