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.
Correlation
The correlation between ELV and QQQ is 0.35, 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
Key characteristics
ELV:
-0.60
QQQ:
0.39
ELV:
-0.69
QQQ:
0.64
ELV:
0.91
QQQ:
1.08
ELV:
-0.45
QQQ:
0.57
ELV:
-0.80
QQQ:
1.49
ELV:
19.38%
QQQ:
5.13%
ELV:
25.84%
QQQ:
19.64%
ELV:
-67.19%
QQQ:
-82.98%
ELV:
-22.78%
QQQ:
-11.61%
Returns By Period
In the year-to-date period, ELV achieves a 16.87% return, which is significantly higher than QQQ's -6.72% return. Over the past 10 years, ELV has underperformed QQQ with an annualized return of 12.34%, while QQQ has yielded a comparatively higher 17.26% annualized return.
ELV
16.87%
9.01%
-14.31%
-12.76%
17.66%
12.34%
QQQ
-6.72%
-4.06%
-0.90%
8.60%
21.89%
17.26%
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Risk-Adjusted Performance
ELV vs. QQQ — Risk-Adjusted Performance Rank
ELV
QQQ
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 1.54%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.54% | 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 | 0.63% | 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.
Volatility
ELV vs. QQQ - Volatility Comparison
The current volatility for Elevance Health Inc (ELV) is 6.28%, while Invesco QQQ (QQQ) has a volatility of 7.78%. 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.