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.
Performance
ENPH vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ENPH achieves a -51.89% return, which is significantly lower than QQQ's 23.84% return. Both investments have delivered pretty close results over the past 10 years, with ENPH having a 18.63% annualized return and QQQ not far behind at 18.03%.
ENPH
-51.89%
-31.07%
-45.90%
-36.56%
26.90%
18.63%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| ENPH | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.55 | 1.78 |
| Sortino Ratio | -0.52 | 2.37 |
| Omega Ratio | 0.94 | 1.32 |
| Calmar Ratio | -0.43 | 2.28 |
| Martin Ratio | -1.62 | 8.27 |
| Ulcer Index | 21.75% | 3.73% |
| Daily Std Dev | 63.97% | 17.37% |
| Max Drawdown | -95.97% | -82.98% |
| Current Drawdown | -81.08% | -1.78% |
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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.
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 0.60%.
| 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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 25.17% compared to Invesco QQQ (QQQ) at 5.41%. 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.