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 0.36, 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
Key characteristics
ELV:
-0.82
QQQ:
1.71
ELV:
-0.98
QQQ:
2.27
ELV:
0.86
QQQ:
1.31
ELV:
-0.55
QQQ:
2.26
ELV:
-1.48
QQQ:
8.12
ELV:
12.85%
QQQ:
3.77%
ELV:
23.30%
QQQ:
17.88%
ELV:
-67.19%
QQQ:
-82.98%
ELV:
-33.20%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, ELV achieves a -19.85% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, ELV has underperformed QQQ with an annualized return of 12.98%, while QQQ has yielded a comparatively higher 18.54% annualized return.
ELV
-19.85%
-6.98%
-29.83%
-19.00%
5.43%
12.98%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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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 1.75%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.75% | 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 | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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
Elevance Health Inc (ELV) has a higher volatility of 7.01% compared to Invesco QQQ (QQQ) at 5.48%. 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.