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 | -16.37% | 2.41% |
| 1Y Return | -50.58% | 33.17% |
| 3Y Return (Ann) | -12.90% | 7.97% |
| 5Y Return (Ann) | 62.43% | 18.00% |
| 10Y Return (Ann) | 30.69% | 18.15% |
| Sharpe Ratio | -0.80 | 2.04 |
| Daily Std Dev | 63.38% | 16.36% |
| Max Drawdown | -95.97% | -82.98% |
| Current Drawdown | -67.11% | -6.17% |
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.
Performance
ENPH vs. QQQ - Performance Comparison
In the year-to-date period, ENPH achieves a -16.37% return, which is significantly lower than QQQ's 2.41% return. Over the past 10 years, ENPH has outperformed QQQ with an annualized return of 30.69%, while QQQ has yielded a comparatively lower 18.15% 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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Risk-Adjusted Performance
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.
Dividends
ENPH vs. QQQ - Dividend Comparison
ENPH has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ENPH vs. QQQ - Drawdown Comparison
The maximum ENPH drawdown since its inception was -95.97%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ENPH and QQQ. For additional features, visit the drawdowns tool.
Volatility
ENPH vs. QQQ - Volatility Comparison
Enphase Energy, Inc. (ENPH) has a higher volatility of 17.83% compared to Invesco QQQ (QQQ) at 4.48%. 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.