ESI vs. QQQ
Compare and contrast key facts about Element Solutions Inc (ESI) 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: ESI or QQQ.
Performance
ESI vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ESI having a 22.33% return and QQQ slightly higher at 22.63%. Over the past 10 years, ESI has underperformed QQQ with an annualized return of 1.32%, while QQQ has yielded a comparatively higher 18.02% annualized return.
ESI
22.33%
11.05%
18.28%
38.95%
20.15%
1.32%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| ESI | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.37 | 1.75 |
| Sortino Ratio | 2.28 | 2.34 |
| Omega Ratio | 1.27 | 1.32 |
| Calmar Ratio | 1.53 | 2.25 |
| Martin Ratio | 6.34 | 8.17 |
| Ulcer Index | 6.24% | 3.73% |
| Daily Std Dev | 28.92% | 17.44% |
| Max Drawdown | -80.66% | -82.98% |
| Current Drawdown | -3.01% | -2.75% |
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Correlation
The correlation between ESI and QQQ is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ESI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Element Solutions Inc (ESI) 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
ESI vs. QQQ - Dividend Comparison
ESI's dividend yield for the trailing twelve months is around 1.14%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESI Element Solutions Inc | 1.14% | 1.38% | 1.76% | 1.03% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% | 1.02% |
Drawdowns
ESI vs. QQQ - Drawdown Comparison
The maximum ESI drawdown since its inception was -80.66%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ESI and QQQ. For additional features, visit the drawdowns tool.
Volatility
ESI vs. QQQ - Volatility Comparison
Element Solutions Inc (ESI) has a higher volatility of 11.03% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that ESI'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.