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ESTC vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ESTCQQQ
YTD Return-6.88%11.97%
1Y Return57.42%35.70%
3Y Return (Ann)-3.37%11.93%
5Y Return (Ann)4.81%21.62%
Sharpe Ratio1.002.42
Daily Std Dev57.34%16.11%
Max Drawdown-74.33%-82.98%
Current Drawdown-43.81%0.00%

Correlation

-0.50.00.51.00.6

The correlation between ESTC and QQQ is 0.59, 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.

Performance

ESTC vs. QQQ - Performance Comparison

In the year-to-date period, ESTC achieves a -6.88% return, which is significantly lower than QQQ's 11.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%50.00%100.00%150.00%December2024FebruaryMarchAprilMay
49.93%
164.18%
ESTC
QQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Elastic N.V.

Invesco QQQ

Risk-Adjusted Performance

ESTC vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Elastic N.V. (ESTC) 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.


ESTC
Sharpe ratio
The chart of Sharpe ratio for ESTC, currently valued at 1.00, compared to the broader market-2.00-1.000.001.002.003.004.001.00
Sortino ratio
The chart of Sortino ratio for ESTC, currently valued at 2.12, compared to the broader market-4.00-2.000.002.004.006.002.12
Omega ratio
The chart of Omega ratio for ESTC, currently valued at 1.26, compared to the broader market0.501.001.502.001.26
Calmar ratio
The chart of Calmar ratio for ESTC, currently valued at 0.83, compared to the broader market0.002.004.006.000.83
Martin ratio
The chart of Martin ratio for ESTC, currently valued at 4.31, compared to the broader market-10.000.0010.0020.0030.004.31
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.42, compared to the broader market-2.00-1.000.001.002.003.004.002.42
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 3.28, compared to the broader market-4.00-2.000.002.004.006.003.28
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.41, compared to the broader market0.501.001.502.001.41
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.59, compared to the broader market0.002.004.006.002.59
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 11.74, compared to the broader market-10.000.0010.0020.0030.0011.74

ESTC vs. QQQ - Sharpe Ratio Comparison

The current ESTC Sharpe Ratio is 1.00, which is lower than the QQQ Sharpe Ratio of 2.42. The chart below compares the 12-month rolling Sharpe Ratio of ESTC and QQQ.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00December2024FebruaryMarchAprilMay
1.00
2.42
ESTC
QQQ

Dividends

ESTC vs. QQQ - Dividend Comparison

ESTC has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.


TTM20232022202120202019201820172016201520142013
ESTC
Elastic N.V.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.58%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.01%

Drawdowns

ESTC vs. QQQ - Drawdown Comparison

The maximum ESTC drawdown since its inception was -74.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ESTC and QQQ. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-43.81%
0
ESTC
QQQ

Volatility

ESTC vs. QQQ - Volatility Comparison

Elastic N.V. (ESTC) has a higher volatility of 8.13% compared to Invesco QQQ (QQQ) at 4.01%. This indicates that ESTC'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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%December2024FebruaryMarchAprilMay
8.13%
4.01%
ESTC
QQQ