ECCX vs. QQQ
Compare and contrast key facts about Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) 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: ECCX or QQQ.
Correlation
The correlation between ECCX and QQQ is 0.08, 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
ECCX vs. QQQ - Performance Comparison
Key characteristics
ECCX:
1.41
QQQ:
1.40
ECCX:
2.13
QQQ:
1.90
ECCX:
1.26
QQQ:
1.25
ECCX:
3.89
QQQ:
1.88
ECCX:
11.67
QQQ:
6.51
ECCX:
0.84%
QQQ:
3.92%
ECCX:
6.95%
QQQ:
18.23%
ECCX:
-37.68%
QQQ:
-82.98%
ECCX:
-0.40%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, ECCX achieves a 2.80% return, which is significantly lower than QQQ's 5.09% return.
ECCX
2.80%
0.64%
3.94%
9.13%
6.13%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
ECCX vs. QQQ — Risk-Adjusted Performance Rank
ECCX
QQQ
ECCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) 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
ECCX vs. QQQ - Dividend Comparison
ECCX's dividend yield for the trailing twelve months is around 6.69%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECCX Eagle Point Credit Company Inc. 6.6875% NT 28 | 6.69% | 6.87% | 6.95% | 6.92% | 6.60% | 6.69% | 6.50% | 4.76% | 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
ECCX vs. QQQ - Drawdown Comparison
The maximum ECCX drawdown since its inception was -37.68%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ECCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ECCX vs. QQQ - Volatility Comparison
The current volatility for Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) is 2.18%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that ECCX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.