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.
Correlation
The correlation between ESS and QQQ is 0.37, 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
Key characteristics
ESS:
1.41
QQQ:
1.40
ESS:
2.01
QQQ:
1.90
ESS:
1.24
QQQ:
1.25
ESS:
0.91
QQQ:
1.88
ESS:
6.12
QQQ:
6.51
ESS:
4.85%
QQQ:
3.92%
ESS:
21.02%
QQQ:
18.23%
ESS:
-62.67%
QQQ:
-82.98%
ESS:
-8.93%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, ESS achieves a 4.04% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, ESS has underperformed QQQ with an annualized return of 5.87%, while QQQ has yielded a comparatively higher 18.32% annualized return.
ESS
4.04%
3.21%
3.14%
29.79%
1.31%
5.87%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
ESS vs. QQQ — Risk-Adjusted Performance Rank
ESS
QQQ
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 3.33%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.33% | 2.57% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% | 2.47% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 5.83% compared to Invesco QQQ (QQQ) at 4.70%. 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.