ENPH vs. QQQ
Compare and contrast key facts about Enphase Energy, Inc. (ENPH) 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: ENPH or QQQ.
Key characteristics
| ENPH | QQQ | |
|---|---|---|
| YTD Return | -54.65% | 35.14% |
| 1Y Return | -56.76% | 32.67% |
| 5Y Return (Ann) | 90.21% | 14.85% |
| 10Y Return (Ann) | 30.66% | 17.29% |
| Sharpe Ratio | -1.05 | 1.26 |
| Daily Std Dev | 56.17% | 22.85% |
| Max Drawdown | -95.97% | -82.98% |
Correlation
The correlation between ENPH and QQQ is 0.38, 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.
ENPH vs. QQQ - Performance Comparison
In the year-to-date period, ENPH achieves a -54.65% return, which is significantly lower than QQQ's 35.14% return. Over the past 10 years, ENPH has outperformed QQQ with an annualized return of 30.66%, while QQQ has yielded a comparatively lower 17.29% annualized return. 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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ENPH vs. QQQ - Dividend Comparison
ENPH has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPH Enphase Energy, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.81% | 0.43% | 0.56% | 0.76% | 0.94% | 0.87% | 1.11% | 1.05% | 1.51% | 1.10% | 1.39% |
ENPH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Enphase Energy, Inc. (ENPH) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ENPH Enphase Energy, Inc. | -1.05 | ||||
QQQ Invesco QQQ | 1.26 |
ENPH vs. QQQ - Drawdown Comparison
The maximum ENPH drawdown for the period was -65.13%, lower than the maximum QQQ drawdown of -22.49%. The drawdown chart below compares losses from any high point along the way for ENPH and QQQ
ENPH vs. QQQ - Volatility Comparison
Enphase Energy, Inc. (ENPH) has a higher volatility of 9.85% compared to Invesco QQQ (QQQ) at 4.10%. This indicates that ENPH'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.