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.
Correlation
The correlation between EQNR and QQQ is 0.24, 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
Key characteristics
EQNR:
0.27
QQQ:
0.39
EQNR:
0.55
QQQ:
0.64
EQNR:
1.07
QQQ:
1.08
EQNR:
0.21
QQQ:
0.57
EQNR:
0.69
QQQ:
1.49
EQNR:
10.84%
QQQ:
5.13%
EQNR:
28.14%
QQQ:
19.64%
EQNR:
-66.92%
QQQ:
-82.98%
EQNR:
-19.33%
QQQ:
-11.61%
Returns By Period
In the year-to-date period, EQNR achieves a 14.72% return, which is significantly higher than QQQ's -6.72% return.
EQNR
14.72%
18.14%
4.73%
5.86%
23.44%
N/A
QQQ
-6.72%
-4.06%
-0.90%
8.60%
21.89%
17.26%
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Risk-Adjusted Performance
EQNR vs. QQQ — Risk-Adjusted Performance Rank
EQNR
QQQ
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 8.72%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 8.72% | 12.18% | 8.85% | 4.13% | 2.24% | 4.32% | 4.85% | 2.37% | 0.00% | 0.00% | 0.00% | 0.00% |
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
EQNR vs. QQQ - Drawdown Comparison
The maximum EQNR drawdown since its inception was -66.92%, 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
The current volatility for Equinor ASA (EQNR) is 6.40%, while Invesco QQQ (QQQ) has a volatility of 7.78%. This indicates that EQNR 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.