Correlation
The correlation between DRD and QQQ is 0.09, 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.
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.
Performance
DRD vs. QQQ - Performance Comparison
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Key characteristics
DRD:
1.50
QQQ:
0.62
DRD:
1.95
QQQ:
0.92
DRD:
1.26
QQQ:
1.13
DRD:
0.91
QQQ:
0.60
DRD:
5.17
QQQ:
1.94
DRD:
14.88%
QQQ:
7.02%
DRD:
53.77%
QQQ:
25.59%
DRD:
-98.54%
QQQ:
-82.98%
DRD:
-68.93%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, DRD achieves a 75.96% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, DRD has outperformed QQQ with an annualized return of 30.35%, while QQQ has yielded a comparatively lower 17.69% annualized return.
DRD
75.96%
0.74%
55.90%
79.65%
36.29%
14.35%
30.35%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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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.
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Dividends
DRD vs. QQQ - Dividend Comparison
DRD's dividend yield for the trailing twelve months is around 1.84%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRD DRDGOLD Limited | 1.84% | 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 | 0.58% | 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.
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Volatility
DRD vs. QQQ - Volatility Comparison
DRDGOLD Limited (DRD) has a higher volatility of 18.61% compared to Invesco QQQ (QQQ) at 5.62%. 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.
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