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ELV vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ELV and QQQ is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

ELV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elevance Health Inc (ELV) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ELV:

-0.83

QQQ:

0.64

Sortino Ratio

ELV:

-0.95

QQQ:

1.12

Omega Ratio

ELV:

0.87

QQQ:

1.16

Calmar Ratio

ELV:

-0.68

QQQ:

0.78

Martin Ratio

ELV:

-1.10

QQQ:

2.53

Ulcer Index

ELV:

21.26%

QQQ:

6.98%

Daily Std Dev

ELV:

29.84%

QQQ:

25.46%

Max Drawdown

ELV:

-67.19%

QQQ:

-82.98%

Current Drawdown

ELV:

-27.46%

QQQ:

-3.19%

Returns By Period

In the year-to-date period, ELV achieves a 9.78% return, which is significantly higher than QQQ's 2.16% return. Over the past 10 years, ELV has underperformed QQQ with an annualized return of 10.91%, while QQQ has yielded a comparatively higher 17.81% annualized return.


ELV

YTD

9.78%

1M

-7.30%

6M

1.48%

1Y

-24.78%

5Y*

9.10%

10Y*

10.91%

QQQ

YTD

2.16%

1M

17.41%

6M

5.35%

1Y

16.09%

5Y*

19.29%

10Y*

17.81%

*Annualized

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Risk-Adjusted Performance

ELV vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELV
The Risk-Adjusted Performance Rank of ELV is 1313
Overall Rank
The Sharpe Ratio Rank of ELV is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of ELV is 1313
Sortino Ratio Rank
The Omega Ratio Rank of ELV is 1212
Omega Ratio Rank
The Calmar Ratio Rank of ELV is 99
Calmar Ratio Rank
The Martin Ratio Rank of ELV is 2121
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6767
Overall Rank
The Sharpe Ratio Rank of QQQ is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6767
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6767
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 7272
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ELV vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) 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.


The current ELV Sharpe Ratio is -0.83, which is lower than the QQQ Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of ELV and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

ELV vs. QQQ - Dividend Comparison

ELV's dividend yield for the trailing twelve months is around 1.64%, more than QQQ's 0.57% yield.


TTM20242023202220212020201920182017201620152014
ELV
Elevance Health Inc
1.64%1.77%1.26%1.00%0.98%1.18%1.06%1.14%1.20%1.81%1.79%1.39%
QQQ
Invesco QQQ
0.57%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

ELV vs. QQQ - Drawdown Comparison

The maximum ELV drawdown since its inception was -67.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ELV and QQQ. For additional features, visit the drawdowns tool.


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Volatility

ELV vs. QQQ - Volatility Comparison

Elevance Health Inc (ELV) has a higher volatility of 14.71% compared to Invesco QQQ (QQQ) at 6.50%. This indicates that ELV'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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