ELV vs. QQQ
Compare and contrast key facts about Elevance Health Inc (ELV) 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: ELV or QQQ.
Key characteristics
| ELV | QQQ | |
|---|---|---|
| YTD Return | 13.74% | 9.03% |
| 1Y Return | 19.66% | 37.37% |
| 3Y Return (Ann) | 12.06% | 11.70% |
| 5Y Return (Ann) | 16.63% | 20.11% |
| 10Y Return (Ann) | 19.33% | 18.68% |
| Sharpe Ratio | 0.88 | 2.35 |
| Daily Std Dev | 20.81% | 16.21% |
| Max Drawdown | -67.19% | -82.98% |
| Current Drawdown | -0.94% | -0.10% |
Correlation
The correlation between ELV and QQQ is 0.36, 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
ELV vs. QQQ - Performance Comparison
In the year-to-date period, ELV achieves a 13.74% return, which is significantly higher than QQQ's 9.03% return. Both investments have delivered pretty close results over the past 10 years, with ELV having a 19.33% annualized return and QQQ not far behind at 18.68%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
ELV vs. QQQ - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.14%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.14% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% | 1.39% | 1.62% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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.
Volatility
ELV vs. QQQ - Volatility Comparison
The current volatility for Elevance Health Inc (ELV) is 4.37%, while Invesco QQQ (QQQ) has a volatility of 4.93%. This indicates that ELV 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.