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:
1.94
QQQ:
0.15
DRD:
2.41
QQQ:
0.38
DRD:
1.33
QQQ:
1.05
DRD:
1.22
QQQ:
0.16
DRD:
7.04
QQQ:
0.58
DRD:
14.58%
QQQ:
6.25%
DRD:
52.98%
QQQ:
24.88%
DRD:
-98.54%
QQQ:
-82.98%
DRD:
-65.75%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, DRD achieves a 94.01% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, DRD has outperformed QQQ with an annualized return of 30.38%, while QQQ has yielded a comparatively lower 16.07% annualized return.
DRD
94.01%
13.59%
39.18%
98.54%
18.92%
30.38%
QQQ
-13.00%
-7.20%
-9.91%
7.76%
16.65%
16.07%
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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 1.67%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRD DRDGOLD Limited | 1.67% | 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 | 0.67% | 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 21.03% compared to Invesco QQQ (QQQ) at 16.19%. 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.