DRUG vs. QQQ
Compare and contrast key facts about Bright Minds Biosciences Inc (DRUG) 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: DRUG or QQQ.
Correlation
The correlation between DRUG and QQQ is 0.14, 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
DRUG vs. QQQ - Performance Comparison
Key characteristics
DRUG:
1.42
QQQ:
1.44
DRUG:
24.65
QQQ:
1.95
DRUG:
3.92
QQQ:
1.26
DRUG:
21.15
QQQ:
1.94
DRUG:
56.58
QQQ:
6.71
DRUG:
36.51%
QQQ:
3.92%
DRUG:
1,461.70%
QQQ:
18.27%
DRUG:
-97.67%
QQQ:
-82.98%
DRUG:
-25.05%
QQQ:
0.00%
Returns By Period
In the year-to-date period, DRUG achieves a 16.05% return, which is significantly higher than QQQ's 5.27% return.
DRUG
16.05%
16.37%
3,806.54%
2,032.76%
N/A
N/A
QQQ
5.27%
4.15%
13.63%
24.59%
18.87%
18.50%
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Risk-Adjusted Performance
DRUG vs. QQQ — Risk-Adjusted Performance Rank
DRUG
QQQ
DRUG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bright Minds Biosciences Inc (DRUG) 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
DRUG vs. QQQ - Dividend Comparison
DRUG has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRUG Bright Minds Biosciences 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 | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
DRUG vs. QQQ - Drawdown Comparison
The maximum DRUG drawdown since its inception was -97.67%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DRUG and QQQ. For additional features, visit the drawdowns tool.
Volatility
DRUG vs. QQQ - Volatility Comparison
Bright Minds Biosciences Inc (DRUG) has a higher volatility of 22.51% compared to Invesco QQQ (QQQ) at 5.01%. This indicates that DRUG'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.