EQNR vs. QQQ
Compare and contrast key facts about Equinor ASA (EQNR) 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: EQNR or QQQ.
Key characteristics
| EQNR | QQQ | |
|---|---|---|
| YTD Return | -13.30% | 5.81% |
| 1Y Return | -0.91% | 35.06% |
| 3Y Return (Ann) | 15.36% | 9.32% |
| 5Y Return (Ann) | 9.42% | 18.88% |
| 10Y Return (Ann) | 3.06% | 18.36% |
| Sharpe Ratio | 0.06 | 2.23 |
| Daily Std Dev | 28.96% | 16.14% |
| Max Drawdown | -68.34% | -82.98% |
| Current Drawdown | -29.16% | -3.05% |
Correlation
The correlation between EQNR and QQQ is 0.34, 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
EQNR vs. QQQ - Performance Comparison
In the year-to-date period, EQNR achieves a -13.30% return, which is significantly lower than QQQ's 5.81% return. Over the past 10 years, EQNR has underperformed QQQ with an annualized return of 3.06%, while QQQ has yielded a comparatively higher 18.36% 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
EQNR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinor ASA (EQNR) 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
EQNR vs. QQQ - Dividend Comparison
EQNR's dividend yield for the trailing twelve months is around 5.33%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 5.33% | 5.83% | 4.13% | 2.24% | 4.32% | 4.85% | 3.13% | 2.99% | 3.54% | 4.85% | 7.34% | 3.56% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
EQNR vs. QQQ - Drawdown Comparison
The maximum EQNR drawdown since its inception was -68.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EQNR and QQQ. For additional features, visit the drawdowns tool.
Volatility
EQNR vs. QQQ - Volatility Comparison
Equinor ASA (EQNR) and Invesco QQQ (QQQ) have volatilities of 5.09% and 5.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.