ESS vs. QQQ
Compare and contrast key facts about Essex Property Trust, Inc. (ESS) 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: ESS or QQQ.
Key characteristics
| ESS | QQQ | |
|---|---|---|
| YTD Return | 21.81% | 23.99% |
| 1Y Return | 45.57% | 36.58% |
| 3Y Return (Ann) | -0.94% | 8.99% |
| 5Y Return (Ann) | 2.12% | 21.09% |
| 10Y Return (Ann) | 7.21% | 18.40% |
| Sharpe Ratio | 1.98 | 2.17 |
| Sortino Ratio | 2.77 | 2.86 |
| Omega Ratio | 1.33 | 1.39 |
| Calmar Ratio | 1.11 | 2.79 |
| Martin Ratio | 10.61 | 10.19 |
| Ulcer Index | 4.11% | 3.72% |
| Daily Std Dev | 22.00% | 17.42% |
| Max Drawdown | -62.67% | -82.98% |
| Current Drawdown | -9.91% | 0.00% |
Correlation
The correlation between ESS 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
ESS vs. QQQ - Performance Comparison
In the year-to-date period, ESS achieves a 21.81% return, which is significantly lower than QQQ's 23.99% return. Over the past 10 years, ESS has underperformed QQQ with an annualized return of 7.21%, while QQQ has yielded a comparatively higher 18.40% 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
ESS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Essex Property Trust, Inc. (ESS) 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
ESS vs. QQQ - Dividend Comparison
ESS's dividend yield for the trailing twelve months is around 3.29%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.29% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% | 2.47% | 3.37% |
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
ESS vs. QQQ - Drawdown Comparison
The maximum ESS drawdown since its inception was -62.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ESS and QQQ. For additional features, visit the drawdowns tool.
Volatility
ESS vs. QQQ - Volatility Comparison
Essex Property Trust, Inc. (ESS) has a higher volatility of 7.88% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that ESS'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.