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 0.45, 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
Key characteristics
ELV:
-0.73
QQQ:
0.47
ELV:
-0.88
QQQ:
0.82
ELV:
0.88
QQQ:
1.11
ELV:
-0.57
QQQ:
0.52
ELV:
-0.98
QQQ:
1.79
ELV:
20.21%
QQQ:
6.64%
ELV:
27.17%
QQQ:
25.28%
ELV:
-67.19%
QQQ:
-82.98%
ELV:
-24.16%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, ELV achieves a 14.79% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, ELV has underperformed QQQ with an annualized return of 12.13%, while QQQ has yielded a comparatively higher 16.64% annualized return.
ELV
14.79%
-2.06%
-0.02%
-20.74%
11.22%
12.13%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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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 1.57%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.57% | 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 10.54%, while Invesco QQQ (QQQ) has a volatility of 16.86%. 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.